Australia's engagement with Africa is underpinned by growing commercial relations; particularly in the resources sector, with about AUD 50 billion in current and prospective investment and over 200 Australian companies involved in approximately 650 projects in 37 countries. Australia's bilateral goods trade with Africa is now AUD 9 billion and has grown 7 per cent annually over the past decade.
With its strong presence, Australia is well placed to work effectively with African governments to achieve their development priorities. Australia seeks to:
- support African efforts to promote economic growth and prosperity through investment and trade;
- demonstrate a strong and meaningful commitment to capacity building; and
- address peace and security challenges.