MELBOURNE, 7 March 2013 - Australia’s geographical location was an advantage but no guarantee of success in the Asian Century, the Minister for Finance and Deregulation, Senator Penny Wong, told an Asialink Business Lunch.

“Remember that there are over 4 billion people in Asia, and they too will be seeking advantage in the region’s growth, so it will be competitive,” Senator Wong said.

“That is why the central policy question before us is not will we benefit from the Asian Century, but how do we maximise the benefits of the Asian Century?”

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