Albanese will announce a $2bn scheme at Asean summit in Melbourne today. Follow the day’s news liveGet our morning and afternoon news emails, free app or daily news podcastAs Daniel Hurst reported, the federal government will set up a $2bn fund to “turbocharge” trade and investment in south-east Asia, with a focus on clean energy and infrastructure.Treasurer Jim Chalmers was asked how the funding would work, while speaking on ABC News Breakfast just earlier:What this new investment facility is all about is making sure that we can turbocharge that two-way investment, which is so important to the region, but also to our country, its employers and workers as well.What you’ll hear from us today is really a big focus on investment, trying to get that two-way investment and trade as good as it can be, because we recognise that when the region is more secure and more prosperous, our people here in Australia are more secure and prosperous as well.For the purposes of explaining to your viewers today, it’s a $2bn facility, it’s all about making sure that we can make this two-way investment more attractive to people, to investors, also de-risk it where we can. It’s in the interests of every Australian we get this two-way investment [and trade] happening the best it can be. Continue reading…
Source link : https://www.theguardian.com/australia-news/live/2024/mar/05/australia-news-live-anthony-albanese-asean-green-energy-investment-south-east-asia-cook-kennedy-women-liberals-peter-dutton
Author : Emily Wind
Publish date : 2024-03-04 20:27:28
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Australia news live: Albanese to set out south-east Asia strategy; Liberals pick Scott Morrison’s successor
