One day, we will stop talking about Australia's engagement with Asia. We will simply accept that Australia is part of the Asian region. We're not there yet, but I've seen substantial progress in the more than 20 years that I've been a banker in Asia.
In the past 10 years our growing connection with Asia has been clearly evident in three key areas trade, people links, and the shift in the geopolitical landscape.
Trade flows strengthen Australia's links with Asia
Trade has been a crucial driver of the Asia-Australian relationship. The volume of trade between Australia and Asia has more than doubled in the past decade, and trade flows increased by 25.8% in 2008 alone....