Beyond CHINA It is not the SIZE of the opportunity but the alignment between our strengths and the opportunity that matters.
ROLE OF CROSS-BORDER AMBASSADORS IN SHARING THEIR STORIES
NEXT WAVES OF OPPORTUNITY Ageing population across Asia – retirement living Foreign aid into developing nations in ASEAN resulting in mega infrastructure projects = architects, engineers Food security – leverage our world class farming technologies Energy security – solar, wind Burma Tourism, International Education, Skills in workforce
THE FIN REVIEW, 2013 Australia sets up Auto base in Thailand – closes Australian auto industry Following talks strategic diplomatic talks in Canberra, the Australian government made a spot decision to shut the Auto sector and transfer all subsidies to the development of the sector in Thai. Australia will own a strategic North Eastern Corridor in Thailand and car manufacturers will be given incentives to relocate their manufacturing to this world leading centre of excellence.
WHY THAILAND? FUTURIS, Ross Mahon 50 to nearly 1000 in 2 years in Thailand. Planning their 3 rd expansion Low competition + domestic market larger than Australia ARB Continued expansion in Thailand. Resulted in growth in jobs in Australia. Engineering done in Australia
FEAR / Government engagement process needs to explain consequences of inaction, pave a clear way forward and resolve the fear Low cost importation of labour is standard practice across the developed world. China – Phillipines Thailand – Cambodia
IT’S A TWO-WAY STREET LEARNING FROM THE REGION Thailand’s importation model of cheap labour to maintain their cost base.
Playing in Asia is a … TEAM SPORT PS. There are new rules of the game
“THE FUTURE OF ASIA IS IN ASIA” ASIAN MULTINATIONALS WILL BE FORMIDABLE COMPETITORS
CASE STUDIES OF STRATEGIC JVs / Collaboration An Indian MEDIA COMPANY A Malaysian Hospitals Chain Nippon Steel and Bluescope
AUSTRALIA UNLIMITED EXPORTERS OF KNOW-HOW and CAPABILITY Invest in developing the next step in know-how to make the current technology redundant. Push a tailored service but keep the know-how resident in Australia
Australia: Powering Asia | Enabling Asia CONTINUOUS INNOVATION R&D KNOW-HOW Asia: Australia Inside
In conclusion Real opportunity for everyone Developing collaborative networks across the region is key. Baker Tilly is a working example of collaborative network in action. People drive these collaborations forward.