Australia and US Agrees to Build Quantum Future Together

Australia and the United States have formally signed a joint statement to cooperate on quantum technology innovation and commercialisation. The statement marks the intent of both the countries to cooperate and share in the opportunities and benefits that quantum science and technology advancements present.

This joint venture will help Australia and the United States to exchange quantum knowledge and skills. It will also create more opportunities to promote research and development, and encourage greater market access for quantum businesses in both nations.

The United States President's Science Advisor and Director of the White House Office of Science and Technology Policy Dr. Eric Lander signed the joint statement in Washington. Minister for Science and Technology Melissa Price recognises the role quantum will have in helping solve global challenges.

Australia and the United States of America recognise the depth and strength of the economic and strategic relationship between each other. They also noted shared commitment to to an open, inclusive and resilient Indo-Pacific region, underpinned by rules, norms and respect for sovereignty.

The statement acknowledges that science and technology (S&T) is the engine that enables transformative capabilities. At its core, S&T research are collaborative, transnational efforts. Accordingly, both the nations understand that working together is essential to scientific discovery and societal benefit.

In the statement, they recognised that quantum technologies is broadly based on the study and application of quantum mechanics to explore new ways to acquire, transmit and process information. It is also a critical emerging technology that could enable more powerful computers, more capable communication networks and more precise and accurate sensors.

The joint venture understands the global and interconnected nature of the quantum ecosystem. It also recognises the inclusion of stakeholders from many different sectors including academia, government and the private sector.

The agreement allows the movement and synergy of ideas, expertise and creativity to advance scientific discovery, develop new quantum-enabled technologies and apply them to the shared challenges of our time. Australia anticipates that growing quantum industry has the potential to add $4 billion and 16,000 new jobs to their economy by 2040.