The Albanese Government is establishing a $2 billion investment financing facility to boost investment in Southeast Asia as part of a suite of economic initiatives announced at the ASEAN-Australia Special Summit in Melbourne.
Australia’s two-way investment with ASEAN was worth $307 billion in 2022. Two-way trade with ASEAN accounted for $178 billion in 2022, accounting for 15 per cent of Australia’s trade, which is greater than our trade with Japan or the United States.
The intiatives fulfil recommendations from Invested: Australia’s Southeast Asia Economic Strategy to 2040, which was…
