On the occasion of the Belgian Economic Mission to Australia from 19 to 28 October 2023, presided by HRH Princess Astrid, Representative of His Majesty the King, which the Belgian Foreign Trade Agency is organizing in cooperation with its partners, the FPS Foreign Affairs, Flanders Investment & Trade, the Wallonia Export-Investment Agency (AWEX) and hub.brussels, an economic study has been realized by the Belgian Foreign Trade Agency.
Australia's unique position, with a time zone close to the Asian markets, is an asset for those wishing to develop their activities in the Indo-Pacific. The country is not just a regional hub, but also offers a competitive market with a population with high purchasing power. With the exception of the health crisis, the world's twelfth largest economy has enjoyed continuous growth for over thirty years. The study devotes a chapter to the natural resources and renewable energy sectors, as well as to the health sector in Australia.
In a complex geo-economic context, Australia is seeking to diversify its partners and secure its trade with the rest of the world. As an open and prosperous economy, Australia is particularly interconnected with global value chains. Since the turn of the century, the country has pursued a proactive trade policy, concluding numerous free trade agreements with key markets in the Indo-Pacific. The expected free trade agreement between Brussels and Canberra will strengthen the opportunities offered by Australia to Belgian companies.
You will find a detailed analysis of the Australian economy in our new publication.
Document only available in French and Dutch. Download the Dutch version here.
