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The Guardian - AU
The Guardian - AU
National
Daniel Hurst and Henry Belot

Australia to launch $2bn fund to ‘turbocharge’ trade with south-east Asia

Australia Anthony Albanese Anwar Ibrahim Asia Penny Wong United States ASEAN China Jim Chalmers Melbourne
Anthony Albanese with Malaysian prime minister Anwar Ibrahim as the Asean-Australia summit began in Melbourne on Monday.
Anthony Albanese with Malaysian prime minister Anwar Ibrahim as the Asean-Australia summit began in Melbourne on Monday. Photograph: Asanka Ratnayake/Getty Images

Australia will set up a $2bn fund to “turbocharge” trade and investment in south-east Asia, with a focus on clean energy and infrastructure.

The prime minister, Anthony Albanese, will announce the fund in Melbourne on Tuesday when he addresses a gathering of 100 chief executives from Australia and south-east Asia.

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