The Labor minister will market Australia as a renewable energy powerhouse and artificial intelligence leader, and highlight the $4.8 trillion superannuation system as a “deep pool” of capital, while also chairing a housing roundtable with leaders in Japanese residential development.
“If investors want to make the most of the defining decade ahead, nowhere offers more opportunities than Australia. We’re making Australia an indispensable part of the transformation underway in the global economy, and we’re telling the world’s investors why they need a piece of the action,” Chalmers told this masthead.
The trip comes after Prime Minister Anthony Albanese last month used an address to the United Nations to declare the post-1945 international order “no longer fit for purpose”, forcing middle powers such as Australia to build new partnerships while defending the international rules-based order. Albanese’s comments echoed those of Canadian Prime Minister Mark Carney, who in a historic rallying cry to the Australian parliament in March called for middle powers to unite or face subordination to bigger nations.
During the two-day blitz, Chalmers is set to meet more than 30 CEOs, business leaders and investors from Japan’s largest firms, offering a five-pillared pitch of Australia’s “unique” investment advantages. Tokyo is the first stop in a three-country tour that will also take the Treasurer to Bangkok and Hong Kong.