Australia’s latest investment mission to Singapore and Malaysia is underway, featuring 16 leading Australian companies. Co-led by Shayne Elliott, Australia’s Business Champion to Singapore, and Tony Lombardo, Business Champion for Malaysia, the mission aims to explore the burgeoning economic opportunities in Southeast Asia. This initiative follows the Albanese Government’s pledge to send five trade missions to priority markets this year.
The mission provides delegates with firsthand insights into Singapore’s status as a regional industrial and investment hub and Malaysia’s emergence as a key industrial and trade gateway. The engagement is part of Australia’s broader Southeast Asia Economic Strategy to 2040, which includes a $2 billion Southeast Asia Investment Financing Facility and the deployment of dedicated Investment Deal Teams.
Last year, Australian businesses supported by Austrade achieved over $1 billion in trade outcomes across Southeast Asia, marking a 45% increase from previous years. This growth highlights the region’s significance for Australian exporters and investors. “When Australian businesses grow their footprint in Southeast Asia, the benefits flow back home creating jobs, opening markets, and strengthening our economy,” stated the Australian High Commission in Malaysia.
The mission underscores Australia’s commitment to deepening economic ties with Southeast Asia, promising further collaboration and mutual growth. As the region continues to expand economically, Australian companies are poised to capitalise on new opportunities, reinforcing their presence and influence in these vital markets.
“`
