Australia to offer 10-year visa, financing for Southeast Asia

Port Botany in Sydney. (Image: Bloomberg)

Wed, 06 Mar 2024

(Bloomberg) - Prime minister Anthony Albanese will unveil longer business visas and an A$2 billion (NZ$2.1b) financing facility as the centrepiece of a package to drive Australian trade and investment in Southeast Asia, deepening regional ties at a time of uncertainty over the US-China economic relationship.Albanese will announce the measures in a speech to top executives at a summit between Australia and the Association of Southeast Asian Nations (Asean) in Melbourne on Tuesday, saying “Southeast Asia is where Australia’s future li...

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