KUALA LUMPUR: Australia has identified four key sectors with the most potential growth to further deepen economic cooperation with Malaysia under its ...
: Australia has identified four key sectors with the most potential growth to further deepen economic cooperation with Malaysia under its newly launched “Invested: Australia’s Southeast Asia Economic Strategy to 2040”.According to the blueprint, areas for future cooperation in the agriculture and food sector include food control systems, food trade, and opportunities for agribusiness.
It added that in 2022, natural gas, copper, and coal were in the top six goods exports from Australia to Malaysia. It also hoped to upgrade the Malaysia-Australia Free Trade Agreement to include new provisions and cooperation on digital and green economy, it said. Prior to 2020, there were more than 24,000 Malaysians studied each year in Australia while there are 15,420 Malaysian students in Australia as of 2022.
The strategy was launched by Australian Prime Minister Anthony Albanese at the Asean Indo-Pacific Forum, held in Jakarta, today, in conjunction with the 43rd Asean Summits and Related Summits.
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