The United States is Australia's second largest trading partner and largest single source of foreign investment. The trading relations between the United States and Australia's commercial partners in East Asia are also of fundamental importance to Australia's trade and investment prospects....

Over the last decade the importance of the Australia-European Union trade and investment relationship has been undervalued on both continents. The size and continuing growth of the relationship, particularly two-way investment flows, deserves greater attention by government, industry and the...