Interpac Business and Migration Solutions Melbourne Australia

(June.15)

Australian Federal Treasurer Wayne Swan on Tuesday said he believes that Asia's growth will provide a wide range of opportunities for Australia, and not just in mining.

Swan said by 2020, there were expected to be more middle-class consumers in Asia than the rest of the world combined, adding that as they became more affluent, their demand for quality education, high-end products, travel and other services increases.

"There is simply no way we can forecast the vast array of potential goods and services that the future will seek," he told the International CEO Forum in Canberra on Tuesday.

"Our best strength is to build a flexible and open economy that can seize those opportunities when they come (to Australia)."

He said as some sectors struggle with a high Australian dollar, the Asian Century will offer Australia the widest range of possibilities for success and for the benefits of economic progress to be spread to all Australians.

Swan said Australia was in a fortunate position being in the engine room of the global economy, and would attract the foreign capital on which the nation had always relied.

Source from Xinhua