The altering dynamic between the United States and Australia presents “huge opportunities” for the nation, US ambassador Caroline Kennedy says.
“There’s just a massive amount of partnerships,” Ms Kennedy instructed the Australian Financial Review Business Summit on Tuesday.
“Even if you’re talking about AUKUS, it’s really a technological sharing agreement,” she stated, referring to the Australia-United Kingdom-United States safety pact.
Just a couple of weeks in the past Australian analysis company CSIRO and the US National Science Foundation introduced a partnership on synthetic intelligence and there was additionally collaboration between the centres on quantum computing and inexperienced vitality, Ms Kennedy stated.
“So really I think as you look across the board, there are huge opportunities,” Ms Kennedy stated.
The $US1.7 trillion Inflation Reduction Act, signed into regulation by US President Joe Biden in August, additionally comprises big subsidies for inexperienced vitality that is a chance for Australia, Ms Kennedy stated.
“It’s a huge opportunity, for no place better than Australia here. You have a unique ability and opportunity to take advantage of the benefits of the Inflation Reduction Act, that almost no other country has,” he said.
“As a commerce associate, as a supply of crucial minerals with the know-how and experience to mine them and extract them at a time when there’s nothing extra essential than our alliances globally.”
Ms Kennedy said she had heard from business leaders at the summit that the Inflation Reduction Act was already having “big impression”.
Source: www.perthnow.com.au
