Southeast Asia is at the centre of global growth. The region is expected to be the world’s fourth largest economy by 2040. Its large and growing population is driving spending on products, services and experiences.
It’s a great time for Australian business to seek new opportunities in the region. Demand for food, digital products, healthcare, education and training, and financial services is increasing. The region also needs critical minerals, technology and expertise to support its adoption of clean energy.
Trade goes both ways. Australian business looking to diversify and build resilience in their supply chains can look to Southeast Asia’s advanced manufacturing and tech sectors.
To power its economic growth, Southeast Asia seeks investment in several sectors. Investments in infrastructure and energy systems will be crucial in the region’s transition to net zero.
Australia and Southeast Asia’s futures are closely linked. By increasing two-way trade and investment, Australia and the region can advance their mutual prosperity and security.
Sources: https://www.austrade.gov.au/asea
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