Australia Regional And Global Links Alfred Li

1253 Words6 Pages
Australia Regional and Global Links Alfred Li
Australia and Thailand have longstanding and deep connections. These two countries cooperate in a broad range of areas of mutual interest, which mainly includes trade and investment, law enforcement, counter-terrorism, education, security, migration and tourism. The bilateral relationship is supported by mutual membership of international and regional organisations. The steady relationship between these two countries facilitated a dramatic increase of two-way trade and investment over the last decades.

Thailand Location:
Thailand is a country located in the Southeast part of Asia, it is situated in between 15º00’ North latitude and 100º00’ East longitude.

Thailand Annotated
…show more content…
This organisation was essentially consists of 5 countries, Indonesia, Malaysia, Philippine, Singapore and Thailand. The main roles for this organisation are to accelerate economic growth, social progress, protection of regional stability and peace and the opportunities for these countries to resolves issues peacefully. Australia has become the first of ten dialogue partners of ASEAN.

Over the last decades, the relationship between ASEAN and Australia was remarkable. ASEAN represents almost 15% of the Australia two way trade, with two-way trade valued at almost $100 billion Australia dollars in 2013, while Thailand hold more than 19% (worth approx. $19.5 billion Australia dollars) of the total values of two way trade between ASEAN and Australia in 2013, which is a rapid growth of values of trade compare to 2012 figure ($18.5 billion Australia dollars).

Australia 's trade and economic relationship with Thailand has grown significantly since the Thailand-Australia Free Trade Agreement (TAFTA) entry into force on the 1st January 2005. This agreement opens up a wider access to the Thai market for Australian products. It enhances prospects for
Get Access