In Ep. 139, Ray Powell, Jim Carouso and guest co-host Nydia Ngiow of BowerGroupAsia sit down with Sir Nicholas Moore, the former Macquarie Group CEO who authored Australia’s Southeast Asia Economic Strategy to 2040 - the landmark report designed to expand Australian trade and investment across ASEAN.

Sir Nicholas explains why Australian companies have historically overlooked Southeast Asia in favor of North America and Europe, even as the region’s economies grow at 5-7% annually. He reveals that 50 of the report’s 75 recommendations have already been acted upon by six Australian government ministries, signaling serious political commitment from the top.

The conversation covers the 10 priority sectors identified in the strategy, including education, green energy, infrastructure, digital economy, agriculture and mining, with Moore highlighting examples like Australian universities establishing campuses across Vietnam, Indonesia and Malaysia, and deal teams in Jakarta, Singapore and Ho Chi Minh City helping investors navigate unfamiliar markets.

Nydia brings the Southeast Asian perspective, probing how new trade agreements between Indonesia and the EU, Canada and the US could affect Australia’s competitive position, and what Australia needs to do domestically, including streamlining its Foreign Investment Review Board, to attract more inbound ASEAN investment.

The discussion turns to the bigger geopolitical picture: China’s export surge into Southeast Asia, US tariff disruptions and the “China plus one” diversification trend that accelerated after COVID. Sir Nicholas offers a notably calm take on US tariffs, comparing their effect to a goods and services tax and suggesting the impact on ASEAN economies may be manageable. He closes by praising Southeast Asian governments’ flexibility and adaptability in responding to shifting global trade dynamics.

Essential listening for anyone tracking Indo-Pacific economic integration, ASEAN investment opportunities, Australia-Southeast Asia relations, US-China trade competition, and supply chain diversification in the region.

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👉 Sponsored by BowerGroupAsia, a strategic advisory firm that specializes in the Indo-Pacific

Why Should We Care About Australia’s Big Economic Bet on Southeast Asia? | with Nicholas Moore

Why Should We Care About the Indo-Pacific?

Why Should We Care About Australia’s Big Economic Bet on Southeast Asia? | with Nicholas Moore