Australia ready for Asia: Keating<\/p>\n
CANBERRA (AFP): Australia has reformed its business and
\npopular culture and made the necessary macro-economic changes to
\ntake its place in Southeast Asia as an exporter of high-value-
\nadded goods, Prime Minister Paul Keating said yesterday.<\/p>\n
Keating told a business seminar attended here by about 100
\nAustralian and Singaporean executives that both countries needed
\nto look beyond the popular stereotypes of each other.<\/p>\n
And he appealed to Singaporean business to accept Australia
\nwas now an efficient economy, with low inflation, solid economic
\ngrowth, and highly developed manufacturing and services sectors
\nbased on a highly skilled education system.<\/p>\n
A visiting business delegation led by Singapore's Trade and
\nIndustry Minister Goh Chee Wee includes representatives of the
\nEconomic Development Board (EDB) and 12 leading Singaporean
\nfirms.<\/p>\n
Launching a joint Singapore-Australia program aimed at easing
\nthe path for companies from both countries to establish joint
\nventures elsewhere in Asia, Keating said many stereotypes about
\nAustralia were now outdated.<\/p>\n
Both countries had identified the same potential markets and
\nit was logical for them to cooperate in developing opportunities.<\/p>\n
The Southeast Asian and Australian markets had combined gross
\ndomestic product of about A$1,000 billion (US$700 billion), with
\na population of 300 million people, making it an area of
\n"tremendous potential", he said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/australia-ready-for-asia-keating-1447899208",
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"sponsor": "Okusi Associates",
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