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In August 1997 the Australian Government released the first White Paper ever issued on its foreign policy. As one important element, this essay tries to delineate the pro Asia-Pacific shift of Australia’s international economic and security orientations, particularly since the early 1970s - a foreign policy which could rest upon an certain bipartisan basis. The recently launched White Paper represents a new reflection upon Australia’s national interests and a soft relativisation of the strong emphasis on regional and multilateral foreign policy performances of former governments. According to a least the author’s judgement, the fundamental legacy of Australia’s international relations remain: a certain (a definite?) contradiction between the country’s predominant cultural and ethnic (!) heritage on the one hand and its geographical location on the other.