Australia Launches $1.3 Billion Fund to Boost Trade and Investment in Southeast Asia

The fund aims to strengthen economic ties, focusing on clean energy and infrastructure, amid growing regional dynamics and China's assertiveness.

Australia announced a $1.3 billion fund to enhance trade and investment in Southeast Asia, emphasizing clean energy and infrastructure.
The initiative, unveiled during the ASEAN-Australia Special Summit, marks a significant upgrade in economic engagement with the region.
Prime Minister Anthony Albanese highlighted Southeast Asia's crucial role in Australia's future, amidst efforts to diversify economic ties beyond China.
The fund will offer loans, guarantees, equity, and insurance, alongside an additional $140 million for infrastructure advisory.
ASEAN's economic potential and the strategic importance of the region in the Indo-Pacific are underscored by growing trade figures and shared challenges.