With Southeast Asia on track to become the world's fourth-largest economy by 2040, Australia is working to tap this huge potential, including with a trade and investment mission to Malaysia this week.
Led by Austrade, an Australian delegation of 30 representatives from 21 organisations is in Malaysia to identify new opportunities, particularly in the green economy.
This mission is part of the Albanese Labor Government's efforts to help Australian businesses create new trade opportunities in priority markets.
Malaysia is rapidly positioning itself as a renewable energy hub, with major investments in solar, hydrogen, and waste-to-energy. This mission will set the foundation for long-term collaboration, with Australia home to leading expertise, cutting-edge technology, and a strong education and training sector.
The delegation, who are participating in an Austrade organised program, will attend the 2025 Energy Asia Conference in Kuala Lumpur, which features events including the Australian Energy Innovation Showcase, university partnerships for energy literacy, and tailored business-matching sessions.
The Albanese Government is working to boost engagement with Southeast Asia through practical, business-focused initiatives. In the past year alone, we delivered a record $1 billion in trade outcomes for Australian businesses, launched the $2 billion Southeast Asia Investment Financing Facility, and upgraded the ASEAN-Australia-New Zealand Free Trade Agreement.
Southeast Asia Investment Deal Teams are also working to increase Australian investment in the region's green energy infrastructure.
