‘No country has more investments in Australia than the US’

US Studies Centre Senior Advisor Jared Mondschein has brushed aside doubts about a recent report which said the US is Australia’s strongest economic partner.

“Many people know in Australia that China is the number one trading partner for Australia,” Mr Mondschein told Sky News.

“What fewer people realise is that the US is the number one investment partner into Australia.

“That means no country has more investments in Australia than the US and also no country receives more of Australian investments overseas than the US, so it’s a two-way relationship.

“Only 17 per cent of Australians realise that the US is the number one investor [in Australia].

“This is not a recent phenomena, this has been going on for decades at this point, and it’s that investment relationship that has been so integral to Australia’s economic well-being.”

Image: AP


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From: Sky News Australia

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