![]() We are a staunch and active ally of the United States, deepening our security cooperation to help secure our region. We are a standard bearer for democracy and the rule of law. Our funds management sector is the sixth largest in the world. We are the fourth largest pension market. We play a critical role in underpinning the resource, energy and food security of East Asia. We rank third as a destination for foreign students, and seventh as a tourist destination. We host 10,000 foreign-owned businesses, and $3.7 trillion in foreign investment. We are one of only ten countries globally with a AAA credit rating from all key agencies. Our economy has grown faster than any other advanced economy over the last 28 years.Īustralia is alone among advanced economies in enjoying uninterrupted growth over this period. While comfortably understated in our approach, we do not underestimate our influence, especially if we choose to focus and target our contributions where we can have the greatest impact. Today, I think we now appreciate that it has proved to be a great blessing. ![]() It embraces our Pacific family with whom we have special relationships and duties, our close neighbours, our major trading partners, our alliance partners and the world’s fastest growing economies.ĭuring the early years of European settlement, our geography seemed a burden. It is the destination for more than three-quarters of our two-way trade. It is home to more than half the world’s population. It is the region that has accounted for two-thirds of global growth over the last decade. It is the region where, together with our allies, and especially the United States, our people made great sacrifices when our peace was threatened. It is the region that will continue to shape our prosperity, security and destiny. It is where we have our greatest influence and can make the most meaningful impact and contribution. I would like to set out the principles, consistent with our national values, that will guide my Government’s engagement with the Indo-Pacific region. Today I want to talk about our plan to foster an open, inclusive and prosperous Indo-Pacific, consistent with our national interests. Thank you to Asialink and Bloomberg for the opportunity to address you here today prior to my attending the G20 Leaders’ Summit in Osaka this weekend. Prime Minister, The Hon Scott Morrison MP, delivers major foreign policy address at Asialink, in the lead-up to the 14th G20 Summit.
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