6 August 2024

Australia’s economic security depends crucially on working with Asia

Australia has unveiled a new National Interest Framework which integrates security considerations into domestic economic policy, aiming to secure economic resilience and security amidst changing global power structures and increasing geopolitical tensions. But Australia has not yet placed strategic economic diplomacy at the forefront of the framework. Managing Australia's security environment requires emphasising the importance of maintaining reliable international and domestic supply chains, managing foreign investment, and adapting to significant influences such as rising powers like China and the accelerating impacts of climate change.