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Mar 05, 2024 - 03:57
By asia.nikkei.com

Australia unveils $1.3bn fund for investment with ASEAN

MELBOURNE -- Australia will establish a 2 billion Australian dollar ($1.3 billion) fund to boost trade and two-way investment with Southeast Asia, Prime Minister Anthony Albanese said Tuesday.

The Southeast Asia Investment Financing Facility will focus on infrastructure and green-economy transition projects. Albanese said he wanted to make sure Southeast Asian companies can access the Australian market, while touting Australia as an "exporter of knowledge and a sharer of expertise."