ASEAN SME NEWS

 
Latest ASEAN news

ASEAN announces new strategic pact with Australia

BANDAR SERI BEGAWAN – Australia and ASEAN agreed on Wednesday to establish a “comprehensive strategic partnership”, a sign of Canberra’s ambition to play a bigger role in the region.

Announced after the ASEAN-Australia Summit, the pact would further strengthen Australia’s diplomatic and security ties in a fast-growing area that has become a strategic battleground between major powers in the region.

Prime Minister Scott Morrison said Australia would invest AUD$154 million in projects in Southeast Asia on health and energy security, counter-terrorism, fighting transnational crime, plus hundreds of scholarships.

“This milestone underscores Australia’s commitment to ASEAN’s central role in the Indo-Pacific and positions our partnership for the future,” he said in a joint statement with Foreign Minister Marise Payne. “Australia supports a peaceful, stable, resilient, and prosperous region, with ASEAN at its heart.”

Brunei, serving as chair of ASEAN, said the agreement “marked a new chapter in relations” and would be “meaningful, substantive and mutually beneficial”.

Date of Release: 27 October 2021

Read the full article here.

October 29, 2021