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This report argues that to ensure Western Australia realises economic opportunities in the Indo-Pacific, the state government should orient its international engagement towards the emerging global growth countries of India, Indonesia, Vietnam and wider ASEAN.
The Association of Southeast Asian Nations (ASEAN) will increasingly trade, invest and build regional value chains between themselves, and the involvement of other economic powers in Southeast Asia will only increase. For WA to be meaningfully engaged, relationships of genuine partnership need to be developed....
Asian markets are substantial and growing, which provides an opportunity for diversifying Western Australian exports into Asia; for deepening relationships and growing an understanding about each other for mutual benefit. This consultation paper is the first formal step in developing the Asian engagement strategy.
This strategy document provides a framework for Western Australia’s long term engagement with key Asian markets and responds to the need for Western Australia to diversify its economy and create more skilled jobs.