Top Ten Asian Destinations for Australian Businesses


According to the white paper led by Ken Henry entitled Australia in the Asian Century, “The pace and scale of Asia’s rise have been nothing short of staggering.” Here are the top ten business destinations for Aussies in Asia.


Hong Kong

Apart from low cost and free trade, its the gateway to China's cheap materials and labour without the tricky politics. The impact of British Colonialism has left a huge impact on the region. Westerners will find its “East meets West” culture a new yet familiar experience.  Bonus: Aussies on business are given a 90-day pass on arrival, no visa required.

Singapore 

It's the financial hub of South-east Asia and the fastest growing economy in the world. Aussies in the banking industry will find plenty of good business here. Many major account holders from Swiss banks have relocated to Singapore as Switzerland's stealth banking abilities are diminishing.

Japan

Every one knows Japan's legacy when it comes to electronics. Back in 2011, Australia welcomed the country's interest in joining the Trans-Pacific Partnership, paving the way for a potential free trade agreement in the Asia-Pacific.

South Korea

South Korea is trailing behind Japan's footsteps, rapidly growing in the electronics and automotive industry. It's the 5th largest producer of automobiles in a global scale. The country is also prominent in the international community, with memberships in Group of Twenty Finance Ministers and Central Bank Governors (G-20), World Trade Organization (WTO) and Asia-Pacific Economic Cooperation (APEC).

China

China leads the Asian Century as the new superpower. It has the second biggest economy next to the USA. China is Australia's largest trading partner, particularly in the mining industry. Aussies on business can prearrange for an APEC card which gives them a visa free-entry and a fast lane at the immigration. 

Vietnam

Vietnam is opening up the world and has become one of the fastest emerging economies. Well known as one of the biggest agricultural exporters, the country's manufacturing sector is expected to grow rapidly once labour becomes too expensive in China.

Malaysia

Malaysia was one of the first countries to bounce back after the 1997 Asian financial crisis. It is the world's largest Islamic and banking centre – a title that shouldn't be taken lightly considering the number of Muslims around the world. Aussies have access to a 90-day visa-free pass and privileges of an APEC card.

Indonesia

Indonesia trails closely behind China and India, and the third fastest growing economy in the G-20. It's a member of the ASEAN-Australia-New Zealand Free Trade Agreement. 60% of Australian exports pass through the country.

Thailand

Thailand has opened its doors to the Asia-Pacific, boosting its reputation as a major exporter. The country has pursued free trade agreements with China, India and Australia. The agreement allows easy access to work permits, reduce paperwork, and extensions of stay in the country.

Philippines

The Philippines is no longer the sick man of Asia with a booming outsourcing and BPO industry.  It has surpassed India as the outsourcing destination of choice for voice-based services. Now, it's gearing up to take a bulk of the market share for non-voiced based services as well.

According to Goldman Sachs it will be the 14th largest economy in the world by 2050. HSBC predicts that it will be fifth largest economy in Asia, and the largest in the Southeast. The country has also been identified as the one of the Next 11 Economies. 

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