Australia will provide 26 million U.S. dollars over a five-year period to support maritime security and disaster management in the Northeast Indian Ocean.
Marise Payne, Australian Foreign Minister, and Dan Tehan, Minister for Trade, Tourism and Investment and Water Keith Pitt, Minister for Resources, pledged to enhance Canberra’s engagement across the region.
This will be achieved by investing in maritime and disaster preparedness, as well as fostering trade, investment and connectivity.
The statement said Australia will provide 36.5 million Australian dollars over five years, including 11.4 million Australian dollars to improve regional cooperation on maritime shipping, disaster resilience and information sharing.
The Morrison Government will invest 3.4 million U.S. dollar to improve Australian resources and mining equipment, technology and services and understanding of South Asian markets.
A further 3 million U.S. dollar will support relationships across the Liquefied Natural Gas (LNG) supply chain between Australia, India and Bangladesh.
