{"id":85733,"date":"2024-03-06T06:00:43","date_gmt":"2024-03-05T19:00:43","guid":{"rendered":"https:\/\/www.aspistrategist.ru\/?p=85733"},"modified":"2024-03-05T19:02:56","modified_gmt":"2024-03-05T08:02:56","slug":"why-asean-australia-summits-matter","status":"publish","type":"post","link":"https:\/\/www.aspistrategist.ru\/why-asean-australia-summits-matter\/","title":{"rendered":"Why ASEAN-Australia summits matter"},"content":{"rendered":"
\u00a0<\/strong><\/p>\n The ASEAN-Australia leaders\u2019 summit in Melbourne offers the opportunity for Australia to embrace ASEAN\u2019s \u2018inclusive regionalism\u2019 and the organisation\u2019s centrality in mediating the Indo-Pacific struggle between the great powers.<\/p>\n With the Albanese government\u2019s $2bn investment facility, Australia\u2019s engagement with Southeast Asia is starting to look serious. The new Southeast Asia Investment Financing Facility to catalyse Australian investments in clean energy and infrastructure gave \u00a0Prime Minister Anthony Albanese a big-ticket initiative to grab the attention of fellow leaders at this week\u2019s ASEAN-Australia Special Summit<\/a> in Melbourne.<\/p>\n The investment facility\u2014a recommendation from the government\u2019s Southeast Asia economic adviser Nicholas Moore\u2014is a welcome sign of the government\u2019s commitment to overcoming a glaring weakness in Australia\u2019s international economic engagement. We keenly await the government\u2019s full response to the Moore Report<\/a>.<\/p>\n From a longer-term perspective, however, there is much more to the Summit than commerce. An equally important issue hanging over the discussions is Australia\u2019s positioning in the changing Indo-Pacific and whether Canberra has the imagination to adjust our strategic posture to meet those changes.<\/p>\n Our first special summit in 2018 received only five lines in the 698-page political memoir of then prime minister Malcolm Turnbull, and the Australian community continues to be preoccupied with China, and the US-China dynamic. This summit provides the opportunity to consider why Southeast Asia is so fundamentally important to us\u2014and why the going might not be easy.<\/p>\n Geographic and economic imperatives make the Australia-ASEAN relationship vital in itself, but it is also the starting point for developing new possibilities for Australia\u2019s strategic future.<\/p>\n There are no downsides to strengthening Australian interaction with Southeast Asia.\u00a0 This is the region of Asia closest to Australia, where the major powers, including Washington and Beijing, assume us to be active. Engaging effectively with ASEAN can only enhance Australia\u2019s wider influence. Also now, when the Indo-Pacific seems to be increasingly multipolar rather than American-led, it makes sense to define Australia internationally in terms of our tighter collaboration with ASEAN, as well as being a US ally. But there are challenges.<\/p>\n Certainly, Australia has assets with respect to ASEAN.\u00a0 Apart from being ASEAN\u2019s first dialogue partner 50 years ago, we possess strong scholarly and diplomatic expertise on Southeast Asia and our universities have been leading providers of Western education to the region.<\/p>\n Recently, however, the Australia-ASEAN relationship has transformed and many in the Australian community have not registered this. Our GDP was once larger than the combined total of ASEAN countries, and Australians tended to frame relations with the region as development assistance. Today the ASEAN figure is well over twice ours<\/a>, larger than that of India and more than four-fifths the size of Japan. The Japanese leadership acknowledges that their old client relationship with the region is over. As for China, many ASEAN countries rank this economy as their top trade destination. Since 2020, ASEAN has achieved the status of being China\u2019s top trading partner.<\/p>\n Despite such dramatic statistics, some commentators continue to refer to Southeast Asia as Australia\u2019s \u2018backyard\u2019 and official government statements still speak of \u2018development assistance to the Pacific and Southeast Asia\u2019 as if the two regions are comparable.<\/p>\n Australia was more important to Southeast Asia in 1974 than it is today. Although ASEAN is our second largest trading partner, we just make it to eighth on their top ten list. China\u2019s current dominance is well known. But South Korea, a minor player a few decades ago, today has twice our trade with Southeast Asia. With respect to investment, we are a very small player, with only 3.45% of our total investment stocks abroad going to the region. While Southeast Asia is attracting funds from many other countries, including in Europe, our outward investment tends to stay in the Anglosphere. It is good that the recent Moore Report<\/a> addresses this investment gap\u2014a gap that also damages Australia\u2019s political influence.<\/p>\n