Enhancing engagement in the North East Indian Ocean
- The Hon Dan Tehan MP, Minister for Trade, Tourism and Investment
- The Hon Keith Pitt MP, Minister for Resources and Water
Australia is enhancing its engagement across the North East Indian Ocean by investing in maritime and disaster preparedness, and supporting opportunities for trade, investment and connectivity.
Australia will provide $36.5 million over five years, including $11.4 million to improve regional cooperation on maritime shipping, disaster resilience and information sharing.
Australia will invest $10.2 million to increase engagement on regional economic challenges and explore new opportunities in the digital sector in Bangladesh. In addition, $5.8 million will promote infrastructure investment opportunities in the region to Australian business.
The Morrison Government will invest $4.8 million to improve Australian resources and Mining Equipment, Technology and Services (METS) understanding of South Asian markets. A further $4.3 million will support relationships across the LNG supply chain between Australia, India and Bangladesh.
Together, these measures will support opportunities for trade, investment and connectivity in the North East Indian Ocean.