Australia

Australia is an economy of 24 million people and is one of the 12 founding members of APEC. When it co-founded the forum in 1989, Australia’s real GDP was USD 590 billion. Its per capita GDP was USD 35,000. In 2016, its real GDP has risen to USD 1.3 trillion, while its per capita GDP stood at USD 55,600.

Australia pumps $492B into Asia-Pacific region after pledge to tighten China access

CANBERRA, May 3, 2024, Pacific News Service. Australia will pour almost $500 million (US$328 million)…

Rio Tinto, China Baowu to develop Australian iron ore project for $2 bln

BEIJING, Sep 14, 2022, Reuters. Rio Tinto Ltd (RIO.AX) said on Wednesday it would team…

Indonesian Parliament approves membership of RCEP trade pact

JAKARTA, Aug 30, 2022, ST. Indonesia’s Parliament on Tuesday (Aug 30) passed a law to…

[Analytics] Can regionalism contain geopolitical competition in the South Pacific?

Name the region: a group of internally diverse states, lying across strategically significant maritime passages,…

Chinese investment in Australia plunges to lowest level since at least 2007

SYDNEY, Jun 28, 2022, ST. A diplomatic falling out between Australia and China has taken…

Australia says Chinese fighter jet intercepted surveillance craft in May

SYDNEY, Jun 5, 2022, Reuters. A Chinese fighter aircraft dangerously intercepted an Australian military surveillance…

[Analytics] India-Australia trade agreement doesn’t signal India’s return to RCEP

The much-awaited Economic Cooperation and Trade Agreement (ECTA) between Australia and India was signed on…

US President Biden formally unveils Indo-Pacific Economic Framework

TOKYO, May 24, 2022, AFP. President Joe Biden launched a new Asia-Pacific trade initiative on…

Australia’s new PM flags ‘difficult’ China ties as he heads to Tokyo for Quad meeting

CANBERRA, May 23, 2022, The Guardian. Anthony Albanese will fly to Tokyo on Monday to…

Australia & Islands