A new trade and investment strategy launched in Brisbane on 18 April aims to make Queensland Australia’s most innovative and dynamic trading economy.
Advancing Trade and Investment — Queensland Trade and Investment Strategy 2017–2022 is designed to increase exports, boost investment, and create more employment for Queenslanders.
Launching the Strategy before a group of business leaders and other stakeholders, Treasurer and Minister for Trade and Investment Curtis Pitt noted that Queensland was ideally placed to take advantage of massive changes in global markets.
“The world economy is changing, with megatrends like the rise of Asia, a growing global middle class, and digital disruption all affecting our local economy,” he said.
“The new Strategy recognises these trends as immense opportunities for us to create local jobs and thrive in the world’s fastest-growing region.
“It recognises that Queensland is ideally positioned to take advantage of these opportunities – not just in terms of geography, but also because we have what the world needs.”
Mr Pitt said that Queensland already had a strong economy, having outperformed the Australian average for two decades, but that it was critical to build on that strong foundation.
“We need to build and innovate in traditional industries like mining, agriculture, tourism, and education, and expand up-and-coming sectors like renewables, biofutures, advanced manufacturing, and aerospace.
“To achieve this, the Queensland Government has committed $35 million over five years to fund a range of initiatives, including export and e-commerce training for business, more international showcases and trade missions, and expanded overseas trade offices.
“In a fast-moving world, standing still is not an option.”