Australia eyes new business opportunities in Southeast Asia
The Australian government is advancing its trade diversification agenda by facilitating greater access for businesses to fast-growing markets in Southeast Asia.
Australian Prime Minister Anthony Albanese (Photo: wjtv.com)
Sydney (VNA) – The Australian government is advancing its trade diversification agenda by facilitating greater access for businesses to fast-growing markets in Southeast Asia.
Australia has ratified the upgraded ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), designed to benefit micro, small, and medium enterprises (MSMEs) by streamlining trade and transport procedures, reducing costs, and creating a level playing field for Australian service providers and investors in education, mining, engineering, and finance.
The agreement also strengthens data security, intellectual property protection in e-commerce, and promotes labour standards, environmental protection, and women's economic empowerment.
The upgraded AANZFTA builds upon Australia's existing duty-free or preferential access to 98% of tariff lines under the agreement. With Australia's ratification, the deal will take effect in 60 days.
Prime Minister Anthony Albanese’s government is prioritising support for Australian businesses to tap into Southeast Asia’s vast potential.
Currently, nearly 500,000 Australian jobs are linked to trade with the region, a figure expected to grow as the country implements its Invested: Australia's S💝outheast A🦄sia Economic Strategy to 2040./.
Australia has made the initial investment under its Government's 2 billion AUD (1.3 billion USD) Investment Financing Facility, which Prime Minister Anthony Albanese unveiled at the ASEAN-Australia Special Summit earlier this year.
The Australian Government has announced that it will strengthen its cooperation with Southeast Asia through a new 10 million AUD (about 6.51 million USD) programme named Climate and Clean Energy Window, designed to bolster their joint efforts on climate change and clean energy.
Australia’s key message at the 43rd ASEAN and related meetings is to give priority to deepening its engagement with Southeast Asia, Ambassador of the Australian mission to ASEAN Will Nankervis told the Vietnam News Agency’s correspondent in Jakarta.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
