Australia Begins Review of SE Asia Trade Deals
Australia this week launched a review of its free trade agreements in Southeast Asia to assess whether it should upgrade any of those deals, including by examining whether their market access commitments are still “commercially meaningful,” the country’s Department of Foreign Affairs and Trade said. It also said it’s looking at whether the FTAs support Australia's “trade diversification agenda, strengthen our economic integration with Southeast Asia, and bolster our supply chain resilience.”
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Australia is accepting public comments through Dec. 31. It also launched a more than $1 million grant program to help Australian industry bodies find “investment priorities and future opportunities in the region.” Applications for those grants close March 24.