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Strong Australia-Singapore ties feature in 'Australia In The Asian Century' White Paper

Strong Australia-Singapore ties feature in 'Australia In The Asian Century' White Paper

Monday 29 October 2012

On Sunday 28 October Australian Prime Minister Julia Gillard released the Australia in the Asian Century White Paper. Australia’s strong ties with Singapore feature in the report.

The White Paper is a roadmap for Australia’s engagement in the Asian century. It sets out a number of targets for Australia through to 2025 to ensure Australia can fulfil its ambitions and compete effectively within Asia.

The report highlights Singapore’s integral role both in Asia’s rise and Australia’s engagement with Asia, including:

  • Singapore has been and will continue to be a crucial link for Australian businesses operating and connecting with growing Asian markets
  • As part of ASEAN, Singapore has played and will continue to play a significant role in helping to ensure stability and encouraging economic integration
  • As an active regional power, Singapore will be a key partner in building sustainable security in the region
  • More Australians are living in and around the region (nearly 4 in 10 of those Australians who emigrated moved to an Asian country in 2011–12). Singapore was the fourth-most common destination, after the United Kingdom, New Zealand the United States, and ahead of China
  • Singapore continues to be one of the most important sources of finance from Asia – in 2011 there was A$48.7 billion of investment from Singapore, placing Singapore fourth overall as a source of foreign investment in Australia
  • Given Singapore’s world class research infrastructure and capabilities, Singapore will be an increasingly important partner in Australia’s academic and scientific engagement with Asia
  • The Australian High Commission in Singapore will continue to work across the entire spectrum of Australia’s relations with Singapore to ensure the continuing development of the Australia-Singapore bilateral relationship.

To read the press release distributed by the Prime Minister’s office on the release of the White Paper, please visit: http://www.pm.gov.au/press-office/australia-asian-century-white-paper-australias-roadmap-navigating-asian-century

For further information and to view or download a .PDF version of the White Paper, please visit: http://asiancentury.dpmc.gov.au/white-paper