Analysis of australias economic engagement with asia

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Analysis of australias economic engagement with asia

The joint statement nods to many of the issues raised at the summit including security, trade, investment, rights and people-to-people links.

Yet there was something anticlimactic both about the document and the summit as a whole. There was no big breakthrough, sense of achievement or decisive initiative. The event was deeply ASEAN in that it put a high value on symbolism and process but a lesser premium on functional breakthroughs.

When the Australian government secured an ASEAN agreement to host a special summit infew — beyond those unhealthily interested in Asian regionalism — appeared to notice.

Prime Minister Malcolm Turnbull had only been in office for two months, but he seemed to have an instinctive feel for the particularities of ASEAN diplomacy and secured what insiders regarded as a diplomatic coup. While hosting a summit seemed a good idea, its larger purpose was less obvious.

What more could the summit achieve? The answer was three-fold. Outbound Australian investment is astonishingly low. The government is keen to promote trade and investment both for the economic benefits but also as ballast in stabilising political and strategic links.

Second, the government wants to give Southeast Asia a more central role in Australian foreign policy.

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With the exception of Indonesia, the focal points have been in Northeast and South Asia. Ensuring the status quo remains in place will require some adjustments to its structural support mechanisms.

The summit was a vital first step signalling greater Australian engagement with ASEAN and grappling more directly with questions of regional order. These are all long-term goals that no one summit can achieve.

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There was even a slight feeling of anomie at the summit itself. In the lead up to the summit, think tanks and pundits all produced various ASEAN-related pieces in which the issue of whether or not Australia should join once again reappeared.

Surprisingly, Indonesian President Joko Widodo endorsed the idea of Australian membership when asked by Australian media.

Australia would have to somehow show that it had finally left its European colonial history behind, but many in Australia would disapprove of this on a symbolic level. The benefits that would accrue to Australia by joining were also hard to discern.

The costs of membership were not convincingly rebutted. Australia is nowhere near as economically tied to Southeast Asia as it is bound to Northeast Asia. Another problem with the discussion about ASEAN membership related to much of the debate about the summit more broadly: This is an easy mistake to make as the grouping has been remarkably successful at forging a sense of Southeast Asian geopolitical space.

But the reality remains that it is an organisation of states that is thinly institutionalised. Its main contribution relates to important but ultimately protean issues of trust and consensus among Southeast Asian elites. The states of Southeast Asia remain hugely important.

It was telling that in the lead up to and even during the summit itself, the bilateral meetings and statements seemed to matter at least as much as the multilateral gathering itself. But for the government to achieve its ambitions, it needs to ensure that the attention and focus Southeast Asia received over the summit and in the months leading up to it is sustained over the coming years.Your source for Asia Pacific regional Satellite News and Free to Air Satellite TV and IPTV Info since Nov 27,  · Australia’s foreign policy white paper 27 November Author: Editorial Board, East Asia Forum.

The Australian government has published a new Foreign Policy White is 14 years since the Howard government launched its own Foreign Affairs and Trade White Paper in , although the Gillard government produced the Australia in the Asian Century White Paper in APEC is the pre-eminent regional forum for Australia's economic engagement with Asia and the Pacific and a driving force for open trade and investment, structural reform and human security in our region.

Savour that rare headline. The Pacific wins over political argy-bargy.

Analysis of australias economic engagement with asia

Australia has listened to the South Pacific and done something to discomfit the ‘junior’ member of . The FIFA World Cup was the 21st FIFA World Cup, an international football tournament contested by the men's national teams of the member associations of FIFA once every four years.

It took place in Russia from 14 June to 15 July It was the first World Cup to be held in Eastern Europe, and the 11th time that it had been held in Europe. At an estimated cost of over $ billion, it.

Analysis of australias economic engagement with asia

45 pages of Asia and Australia’s Engagement with Asia classroom decorations. Engage students and help them learn about and recognise the diversity within and between the countries of the Asia region.

Australia’s foreign policy white paper | East Asia Forum