A report into how best to approach boosting economic ties with Asia has recommended a “Team Australia” approach to “diversify and grow” trade investment.
The report by the Business Council of Australia and the Asia Society recommended the establishment of an Asia business action group that would advise the Commonwealth government on trade and investment opportunities in the Indo-Pacific.
Trade Minister Dan Tehan launched the report today in Canberra and said the “environment has changed” in the region.
“It is now a much more complex strategic environment that we’re finding ourselves in in the Indo-Pacific,” he said.
“That’s going to take all our efforts to navigate through the next five to ten years to make sure that we still set Australia up to be in the prime position to capitalise on all the opportunities our region will continue to present us.”