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Australia fostering ties with Thailand, despite political uncertainty
AI In-brief 13 Sept 13:15

Australia fostering ties with Thailand, despite political uncertainty

  • Australia commits to a long-term strategy with Thailand until 2040, prioritizing enduring cooperation over short-term political shifts in the Thai government.
  • The partnership aims to significantly boost bilateral trade and investment, with all tariffs between the two countries set to be lifted by 2025, targeting an increase in Thai exports to Australia to US$30 billion.
  • Collaboration extends to critical areas like skills development for digital and net-zero transitions, and climate resilience, including joint projects on water management and flood mitigation.
  • Australia actively fosters mutual understanding of business opportunities through regular engagement of its business leaders and leverages strong people-to-people connections, including a large Thai diaspora and student population.
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