Bilateral trade between Brunei, Australia slows on low energy prices

INVESTMENT flows between Brunei and Australia has slowed due to falling energy prices, said the Australian High Commissioner to the sultanate.

However, bilateral trade remains “steady”, Todd Mercer (pic) said, adding that the trade balance between the two countries is in Brunei’s favour.

In a recent interview, the high commissioner said that while low oil prices has put a damper on investments, both countries continue to maintain the trade relationship which is mainly defined by Brunei’s petroleum exports to Australia.