Australia is well engaged with Asia, with Asian nations last year purchasing almost two thirds of our exports, worth $175 billion.
But Australia is not moving fast enough to lift productivity and enable improvements in the competitiveness of industries already deeply engaged with Asia.
The Business Council of Australia has released a report, Assessing Australia’s Trade and Investment with Asia, as a contribution to the federal government’s Australia in the Asian Century white paper process.
The BCA released supplementary information to the report in April 2012.
The report argues that improving the competitiveness of the Australian economy will be fundamental to making the most of opportunities for engagement with Asia, and government, business and the community need to work more effectively to achieve this goal.
The report highlights a number of policy priorities, including:
The Assessing Australia’s Trade and Investment with Asia report was prepared with the assistance of ITS Global.
Focuses on five priority areas for action to improve Australia’s engagement with Asia. [more]
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