ASEAN-Australia Special Summit: Emerging industries fuel growth, jobs
A set of seven potential sunrise industries in ASEAN and neighbouring nations, including Australia, that will create momentum for economic growth and job creation were announced at the ASEAN-Australia Special Summit in Sydney, Australia on March 16.
Sydney (VNA) – A set of seven potential sunrise industries in ASEANand neighbouring nations, including Australia, that will create momentum foreconomic growth and job creation were announced at the ASEAN-Australia SpecialSummit in Sydney, Australia on March 16.
According to Data 61 from the data sciences and technology arm of Australia’sCommonwealth Scientific and Industrial Research Organisation (CSIRO), thoseemerging industries include artificial intelligence and autonomous systems,financial and regulatory services technology, high value nutrition, nextgeneration energy storage and distribution, cyber-physical systems security,personal health and ageing and digital infrastructure and connectivity.
Australian Minister for Jobs and Innovation Michaelia Cash stated opportunitiesfor Australia to cooperate with ASEAN member states to create new flow foreconomic growth and jobs in those countries.
The ASEAN members and Australia have enjoyed close economic ties with two-waytrade hitting over 100 billion AUD in 2017 fiscal year.
Australian Minister for Trade, Tourism and Investment Steven Ciobo stressed thesignificance of the new industries to the bilateral investment and trade in thefuture.
The emerging industries will help promote export growth and create more exportjobs in the coming time, he noted.
Ciobo said that ASEAN will be the fourth largest economy in the world by 2030and the bloc will have huge economic benefits when Australia helps it transformto digital economy.-VNA
An ASEAN-Australia Special Business Conference was organised on March 16 in Sydney, New South Wales, within the framework of the on-going ASEAN-Australia Special Summit.
Australian Minister for Trade, Tourism and Investment Steven Ciobo has announced a joint initiative between Australia and ASEAN countries to promote digital trade and support inclusive economic growth
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Logo of ASEAN bloc. (Photo: Internet) 
