Visit to Singapore

Today I will travel to Singapore to sign three landmark Indo-Pacific Economic Framework (IPEF) agreements and lead a delegation of senior Australian investors who manage over $2 trillion in assets.

This delegation is the first Investment Mission as part of Australia’s Southeast Asia Economic Strategy to 2040.

I will join IPEF ministers to sign the IPEF Fair Economy Agreement, the IPEF Overarching Agreement, and the IPEF Clean Economy Agreement. These three agreements, in addition to the previously signed IPEF Supply Chain Agreement, will help facilitate investment to strengthen economic ties and support the region’s transition to net-zero.

Singapore is one of Australia's closest friends and partners, and I look forward to meetings with President Tharman Shanmugaratnam, Prime Minister Lawrence Wong, and Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong.

I will also meet with US Secretary of Commerce Gina Raimondo and hold the third annual Australia-US Strategic Commercial Dialogue.

At the inaugural IPEF Clean Economy Investor Forum, I will address 300 of the region’s largest investors and entrepreneurs to make the case for increased two-way investment in the region to build new clean energy industries of the future.

I will also launch the Singapore Deal Teams Hub which will work to identify a pipeline of investment ready projects for Australian investment in the region.

As a bloc, Southeast Asia is projected to become the world’s fourth-largest economy, with a potential consumer market that is 10 times larger than Australia by 2040.

Greater engagement with Southeast Asia is a priority for the Albanese Labor Government, and we are determined to leverage the enormous opportunities for Australian businesses in the region.