Growth Opportunities Missed Due to Focus on China, North Asia: Australian Foreign Minister

Wong said South East Asia had experienced an ‘explosive rate’ of growth.

Australian Foreign Affairs Minister Senator Penny Wong addresses the National Press Club in Canberra, Monday, April 17, 2023. AAP Image/Lukas Coch

On a day Australia’s current account deficit was reported to be $10.7 billion, Foreign Minister Penny Wong warned the country was missing out on investment opportunities in Southeast Asia.

The foreign minister said the region had grown at an “explosive rate.”