India and China provide highest migrants and tourists to Australia
The PwC Melbourne Institute Asia link Index is a long-term, comprehensive measure of the engagement between Australia and Asia. It determines the rate and level of change in investment, trade, education, research and business development, humanitarian assistance, tourism and migration.
The latest Index shows that there is a huge increase in migration and tourism engagement between Australia and Asia.
At the annual Dinner of Asialink Chairman in Melbourne, the 2013 Index was released, where Tony Abbott, Prime Minister of Australia delivered the 2013 Asialink Sir Edward ‘Weary’ Dunlop Lecture.
The 2013 Index shows that despite the strong Australian dollar, inbound tourism from Asia raised by more than 12% in 2012 while outbound tourism to Asia increased by approximately 9%. Inbound Chinese tourism increased by 24.4%, its largest annual jump in the Index’s history.
Migration to Australia from Asia raised by nearly 17%, with strong growth in migration from China (10.8%), Japan (16.3%), and India (40.8%).
The Viewpoint section of 2013 Index provides the insights of some of the leading trade officials, academics and business people on the diverse Australian FTA activities in Asia.
Luke Sayers, the CEO of PwC Australia said that the priority of the new Government to finalize a variety of Free Trade Agreements has the potential to energize Australia’s engagement with Asia on many levels.
Mr Sayers said that FTAs have the potential to raise investment and trade links with the countries profiled in the 2013 Index – South Korea, China, Japan, Indonesia and India– and consecutively develop people-to-people links through education, migration, and other critical indicators.
For more updates Follow us @ Facebook