An Age of Uncertainty: Balancing Australia’s Relations with the U.S. And Indonesia
In the coming decades, Australia’s biggest challenge is to maintain its prosperity as a developed economy and democracy. Emerging powers, such as Indonesia and India, and their direct foreign investment will be essential to Australia’s future prosperity. Australia must cultivate mutual partnerships and explore new opportunities to get Indonesia to ‘look South’. In the face of a Trump presidency, the Indo-Pacific has been thrust in an era of uncertainty. Australia, however, must remain calm and engage the U.S. and our regional partners. So what can Australia do to pursue the opportunities in Indonesia through this era of uncertainty? This publication, based on a speech presented by Professor Stephen Smith, clearly outlines 10 key issues that Australia could usefully pursue with Indonesia.
The Regional Comprehensive Economic Partnership: An Indo-Pacific Approach to the Regional Trade Architecture?
With the Trans-Pacific Partnership on the brink of collapse, many now view the Regional Comprehensive Economic Partnership (RCEP) as a potential replacement. However, RCEP offers a radically different model for trade multilateralism. It promises a lower level of reform ambition, and offers a membership model in which China is the leader and lynchpin of Asian regionalism. As RCEP moves to completion in 2017, it may usher in an historic shift from an Asia-Pacific to Indo-Pacific regional economic order.
Smooth Sailing? LNG Tipping Points in the Zone and Geopolitical Implications
Nations across the Indo-Pacific are increasing their energy demand and will import larger volumes of LNG. This trend is changing consumer-producer relations and will become a more important overlay to geopolitical calculations. LNG security issues are currently masked by oversupply of markets, this period will inevitably end. Furthermore, unforeseen LNG tipping points could radically alter the outlook. A deeper understanding of historical energy trends and earlier LNG tipping points can help inform the decision making of both LNG producer and consumer nations.
Investing in the Economic Architecture of the Indo-Pacific
The Indo-Pacific is the most recent addition to the Asian regional architecture. Conceived as the conjunctions of Indian and Pacific oceans, the concept recognises the ways in which ‘Asia’ is extending westwards. But while the Indo-Pacific has a strong maritime security rationale, its economic logic remains under-developed. Trade and investment ties connecting its two halves are minimal, and there are few intergovernmental institutions dedicated to fostering economic integration. If the Indo-Pacific is to be a ‘complete’ region that addresses both economic and security concerns, governments now need to invest in creating an Indo-Pacific economic architecture.
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