World

Australia pledges to keep markets open to ASEAN, urges greater regional cooperation

Foreign Minister Penny Wong reaffirms trade commitment and economic integration during visit to Malaysia for ASEAN talks

Updated 1 year ago · Published on 10 Jul 2025 3:02PM

Australia pledges to keep markets open to ASEAN, urges greater regional cooperation
When it comes to Southeast Asia, Australia is fully invested — delivering over half a billion dollars in initiatives announced at last year’s ASEAN-Australia Special Summit - July 10, 2025

AUSTRALIA has reaffirmed its commitment to keeping its markets open to ASEAN nations, underlining a shared responsibility for maintaining regional peace, prosperity, and openness.

Foreign Minister Penny Wong, speaking at the Australia–Southeast Asia forum during her working visit to Malaysia, said that Australia’s longstanding partnership with ASEAN is grounded in mutual benefit and economic interdependence.

“Our markets will remain open to you. We will uphold our trade agreements and strengthen them further, such as through the upgrade of the ASEAN-Australia-New Zealand Free Trade Agreement,” she said.

“This is in our interest as much as it is in yours.”

Wong’s visit coincides with the ASEAN Post-Ministerial Conference with Australia, held in conjunction with the 58th ASEAN Foreign Ministers’ Meeting (AMM). She noted that ASEAN remains Australia’s second-largest trading partner, with total trade reaching AUD122.2 billion in 2019.

“When it comes to Southeast Asia, Australia is fully invested — delivering over half a billion dollars in initiatives announced at last year’s ASEAN-Australia Special Summit, and working together on issues that matter to both sides,” Wong said.

She cited energy security, climate resilience, and education as key areas of cooperation under Australia’s Southeast Asia Economic Strategy.

Highlighting past reforms, Wong added: “Australia opened its economy to the region and the world long ago. In fact, it was labour market deregulation that paved the way for reforms in capital and exchange rate markets in Australia.

“My predecessors dismantled tariff barriers, and I can assure you this will not change.”

Separately, Malaysian Foreign Minister Datuk Seri Mohamad Hasan, in a keynote speech at the Trilateral Meeting between Malaysia, Switzerland, and the ASEAN Secretariat, called on ASEAN and Switzerland to act as united voices for peace amid growing global instability.

“This is especially critical in an era where warlike discourse has come to dominate global narratives,” he said.

Mohamad stressed the importance of upholding international law and addressing the ongoing conflicts in Gaza and Ukraine.

“There is a need for Israel to be held accountable for its relentless atrocities and ongoing violations of international law in Gaza and elsewhere in the region,” he said.

“Permitting such inhumanity and impunity to go unpunished raises deeply troubling questions about the credibility of the international community and its institutions.”

He emphasised that both ASEAN and Switzerland are uniquely positioned to promote dialogue and global cooperation.

“ASEAN, through its annual meetings, serves as a unique forum where nations — including major powers — convene to address shared concerns and promote cooperation for mutual benefit,” he said.

“Switzerland, as the host of the World Economic Forum in Davos, holds a pivotal position as a convener of global discussions on economic, social, and environmental challenges.

“Together, we must raise a collective voice in support of dialogue and peace.”

The trilateral meeting formed part of the wider 58th ASEAN Foreign Ministers’ Meeting and its associated sessions with Dialogue and Sectoral Dialogue Partners. - July 10, 2025

Spotlight

Malaysia

Five fatal helicopter crash victims honoured in Sarawak state awards

Malaysia

No Malaysian is left behind; Budget 2027 puts people first - Anwar  

Malaysia

Panama hit by 6.4-magnitude earthquake

Malaysia

Haze blankets 33 areas with unhealthy air

Malaysia

Malaysia’s 2027 Budget is a steady one: people-oriented continuity rather than bold reform

Malaysia

Budget 2027: What is in it for me?

Malaysia

Budget 2027 steps up Sabah, Sarawak funding by RM2.2b amid push for development parity

Malaysia

Budget 2027: Maternity leave entitlement increased, minimum pension raised to RM1,350

You may be interested

World

Trump attacks Norway after Nobel Peace Prize goes to Navi Pillay

World

US to livestream Nidal Hasan’s firing squad execution on December 3

World

Indonesia forest fire hotspots plunge 67%, but haze and dry weather risks persist

World

Explosions rock Riyadh airport as Yemen’s Houthis claim missile attack

World

Trump lifts sanctions on Russian diesel as US fuel prices soar ahead of midterms

World

Gaza ceasefire leaves 2.1 million Palestinians squeezed into 35% of territory as attacks continue

World

Anak Krakatau raised to second-highest alert after 13 eruptions