BREAKING NEWS

Australia aims to lift Asia trade to one 3rd of GDP by 2025

By REUTERS

OCTOBER 28, 2012 08:52

CANBERRA - Australia unveiled a long-term plan to boost trade with a booming Asia on Sunday, aiming to lift Asian input into its economy to one third by 2025 from 25 percent now, via more business with China and India in particular.

Releasing a new policy document, Australia in the Asian Century, Prime Minister Julia Gillard said Australia was well placed to benefit from the economic rise of China and India, and to boost trade and investment with the broader region.

"Whatever else this century brings, it will bring Asia's return to global leadership, Asia's rise. This is not only unstoppable, it is gathering pace," Gillard said.

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