Prime Minister Anthony Albanese has unveiled a detailed two-decade plan for deepening economic ties with Asian nations, declaring the region is 'central' to Australia's security and prosperity.
Prime Minister Anthony Albanese has unveiled a detailed two-decade plan for deepening economic ties with Asian nations, declaring the region is"central" to Australia's security and prosperity.
Prime Minister Anthony Albanese has unveiled a detailed two-decade plan for deepening economic ties with Asian nations. Picture: NCA NewsWire/Martin Ollman "The Foreign Minister and the Treasurer will ensure implementation of the strategy remains on track by having annual reports about the report's initiatives," he added.Some of Nicholas Moore's key recommendations including streamlining visa arrangements for businesspeople from Southeast Asia and a proposed"political risk insurance" scheme, which would see taxpayer funds used to underwrite some investments, have been left off the table for now.
Foreign Minister Penny Wong echoed the Prime Minister's remarks as she underscored the heightened geostrategic tensions playing out across the region. The renewed focus on engagement in the region comes amid a ramping up of Chinese influence, with concerns about the impact of economic and military coercion from Beijing.
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