A recent report ranked Australia’s passport as the equal-seventh most powerful in the world, based on the number of countries it grants access to. The Australian passport currently gives holders access to 167 nations without paying a fee or applying for a visa before arriving.

The Henley Passport Index, a project by the citizenship planning firm Henley and Partners Citizens based on data from the International Air Transport Authority, ranks passports among the most valuable documents on earth. “The Australian government — in particular, in its current series of passports — has probably something like 123 embedded security things within the passport to make it very difficult to copy. So an Australian passport, when people travel, tends to be a very trusted document.”

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“A country that can negotiate visa-free access often benefits economically. If you think about China, they are now significant investors in the Middle East and have gained visa-free access to the UAE. A more valuable and stronger passport leads to travel freedom. It also allows country-to-country business to happen more smoothly.”