China-Australia Economic Cooperation and the Belt and Road Initiative

Abstract

China's Belt and Road Initiative (BRI) relates to the overarching agenda for cooperation between Australia and China based on their shared interest in an open global economic system and reforms that promote the effectiveness of participation in the international market. These interests should guide the approach to regional and global cooperation. The BRI offers a framework for deepening cooperation through a process of open regionalism that promotes: policy cooperation on economic issues of importance to both countries||the exploration of priorities for investment to enhance connectivity||trade and direct investment||the deepening of financial links||and the expansion of people-to-people exchanges.