The road ahead in an integrated Asia

The road ahead in an integrated Asia

Rohini Kappadath Director Cross-Border Business

RICE PAPER The start of the right conversation

Downplays the complexities

Adopt a REGIONAL PERSPECTIVE

LEVERAGE STRENGTHSMatch individual strengths to need across the region.

Development of Regional

PRODUCTION NETWORKS

Thai Auto | Indian IT Australian Design, engineering, project management

MINDSET SHIFT

Beyond

CHINAIt 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 3rd 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.

IT’S ABOUT

COLLABORATION, lah!

[WHAT] CAN AUSTRALIA

‘GIVE’ TO

ASIA ?

Japan in Thailand

China in Cambodia

ASEANINTERCONNECTED

No longer about two-way trade and bilateral free trade agreements alone

TRUST, RELATIONSHIPS, FRIENDSHIPS, Lah

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.

Thank you