This morning the Federal Government released its 300+ pages White Paper for how Australia will engage with the Asian Century over the coming decade.
The White Paper identifies 5 pillars of productivity innovation, 25 national objectives for 2025 and 5 regional countries of key importance: China, India, Indonesia, Japan and South Korea.
What’s our view? It is Australia’s “5-year plan”, but now we need to action it.
The five pillars
Click here to view table.
In the next few days King & Wood Mallesons will give you its views on the White Paper and how we can work together to action it.
For Australian businesses, the key priorities will be:
- implementing strong Asian strategies for identifying business opportunities in Asia
- building relationships across the region
- developing an Asian capable workforce that includes boards and senior management with Asian skills and experience
- exploiting growth opportunities as the demand for professional services, education and tourism increase