Former Envoy Says Australia Adaptable, Wants Open Markets

The transcript discusses the dynamics of outbound foreign direct investment (FDI) into Australia, highlighting the impact of capital controls from China and a shift in investment focus from resources to services. It examines Australia's vulnerability due to its trade dependency amidst rising global protectionism, emphasizing the country's adaptability. The discussion also covers the Trans-Pacific Partnership (TPP), debating its viability without US participation and its implications for global trade.

In what ways can Australia leverage opportunities amidst global economic adversity?

Discuss the significance of the TPP in the context of Australia's trade strategy, especially after the US withdrawal.