TIQ boosted its capacity to support economic growth in Queensland during 2017–18.
It continued to deliver the initiatives of the Advancing Trade and Investment – Queensland Trade and Investment Strategy 2017–2022 (T&I Strategy) and the International Education and Training Strategy to Advance Queensland 2016–2026 (IET Strategy).
It also continued to collaborate with key stakeholders, including Queensland and Australian government agencies, local councils, business associations, individual businesses, universities and other educational institutions to deliver programs, activities and events designed to increase exports from, and attract investment to, Queensland.
TIQ was a key partner in the successful Trade 2018 business and investment program, which ran in conjunction with the Gold Coast 2018 Commonwealth Games in April 2018.
TIQ staff worked closely with the Office of the Commonwealth Games and the City of Gold Coast to help deliver the program of 32 events on the Gold Coast and in Brisbane, Townsville and Cairns, which attracted more than 2,500 attendances and 38 international delegations from more than 25 countries.
TIQ also helped to connect buyers and investors attending Beef Australia 2018 in Rockhampton in May 2018 with local companies. More than 1,200 international visitors attended the event.
In November 2017, TIQ worked with the Department of Premier and Cabinet to coordinate the involvement of Queensland Government agencies in the Northern Australia Investment Forum held in Cairns, which attracted 542 delegates, including representatives from 101 investment companies from 24 different markets.
Following the Queensland election on 25 November 2017 and the subsequent formation of government in December, Ministerial responsibility for TIQ transferred to the Premier, the Honourable Annastacia Palaszczuk, who assumed the role of Minister for Trade.
Since that time, TIQ has worked closely with the Department of the Premier and Cabinet to serve the Premier in her role as Minister for Trade to maximise international opportunities, including Premier-led overseas trade and investment missions; Queensland Government engagement with the Australian Government on free trade and other national and international agreements; and coordination of events with an economic development focus.
TIQ also works with the lead government agencies to deliver the Queensland Government’s industry attraction and facilitation programs, which include:
- the Advance Queensland Industry Attraction Fund, which received additional funding of $40 million in the State Budget 2018–19 to bring total funding to $105 million
- the Jobs and Regional Growth Fund, which received an additional $20 million in the State Budget 2018–19 to boost total program funding to $150 million
- the $650 million Advance Queensland initiative to transform the state’s economy, create knowledge jobs of the future and build Queensland’s reputation as a global innovation and investment destination.
During 2017–18, TIQ continued to strengthen its international business relationships to benefit Queensland companies.
Highlights included the opening of the Queensland Innovation Hub at Dubai South, one of the world’s largest master-planned communities.
TIQ worked closely with the Queensland Department of Innovation and Tourism Industry Development and Dubai South to set up the facility, which will help Queensland companies take advantage of the region’s emerging opportunities.
TIQ has also been working with the Department of State Development, Manufacturing, Infrastructure and Planning and Japanese and Queensland partners to collaborate on potential hydrogen energy pilot and demonstration plants, as the first steps towards creating a new renewable energy industry in Queensland.
In addition, TIQ strengthened its offices in Singapore and Indonesia to increase Queensland’s trade and investment presence in the increasingly significant ASEAN region.
Domestically, TIQ increased its presence in regional Queensland, with an expanded North Queensland office in Townsville and a new trade and investment officer in Ipswich.
TIQ also provided funding to 29 projects through the $1.2 million per annum International Education and Training (IET) Partnership Fund, which supports initiatives that drive growth at all levels of the IET sector and across all regions of the state.