New Abbott Government Hits the Ground Running on Trade
With Australia’s new government just a few weeks old, they have already signalled an intention to engage with the international community and in particular with their close neighbours in Asia.
Trade is vital to the success of the new government’s agenda. Without co-operation from regional governments and from business, ambitious economic targets will not be met. This signals a willingness to work with business and government where there is mutual benefit.
Already, new Prime Minister Tony Abbott has visited his counterpart in Indonesia, President Yudhoyono, ostensibly to talk about the issue of asylum seekers (Mr. Abbott was accompanied by Immigration Minister Scott Morrison), but the talks also had a broader focus on trade and investment. Prime Minister Abbott also attended the most recent Asia Pacific Economic Cooperation (APEC) summit in Bali, Indonesia.