No images? Click here 19 June 2024The 46th | Secretary Raimondo opens Economic security in a turbulent world conferenceUS Secretary of Commerce Gina Raimondo opened the USSC’s conference – Economic security in a turbulent world – in Sydney today with a video message, saying that it “comes at a pivotal moment.” “As national security becomes increasingly reliant upon advanced technology – economic security matters more than ever,” said Secretary Raimondo in a pre-recorded address. Secretary Raimondo said that the United States shares Australia’s concerns about the “increasing use of economic coercion” to influence governments and she emphasised the United States’ commitment to strengthening economic cooperation with Australia and regional allies. She highlighted the “prospect of strengthening supply chains, supporting clean economy transitions, and enhancing transparent and predictable business environments,” through the Indo-Pacific Economic Framework (IPEF). “Under IPEF – which collectively represents 40 per cent of global GDP – 14 partner countries have worked together to build a shared vision for long-term economic cooperation,” said Secretary Raimondo. The two-day conference, Economic security in a turbulent world, brings together decision-makers from across government and the private sector working at the nexus of national security and international economic policy. Recordings of the event will be available on USSC's YouTube channel following the event NEWS WRAPNATO chief visits White House
![]() "In barely two years, we’ve transformed IPEF from an idea, to three ground-breaking, first-of-their-kind, government to government agreements." US Secretary of Commerce Gina Raimondo |19 June 2024 IN CASE YOU MISSED IT Did you USSC?
BY THE NUMBERS Australia as commodity exporter vs. technological innovatorUSSC Non-Resident Fellow Lachlan Carey spoke on the USSC's Briefing Room podcast about the economic trade-offs facing Australia between its existing fossil fuel regime – selling coal, gas and iron ore to China – and a future clean energy investment regime underpinned by US direct foreign investment. Right now, 25 per cent of Australia's foreign direct investment comes from the United States, while 18 per cent of Australia's energy exports go to China. Carey says the numbers reflect two paths for Australia’s economic future: remaining a commodity exporter vulnerable to the volatility of commodity prices or embracing a future of technological innovation backed by US capital. Manage your email preferences | Forward this email to a friend United States Studies Centre |