The Local Government Association of Queensland and the Queensland Government have signed an agreement for local and state governments to work together to boost Queensland’s trade and investment outcomes.
A memorandum of understanding (MOU) was signed by Premier and Minister for Trade Annastacia Palaszczuk and Local Government Association of Queensland (LGAQ) President Mark Jamieson at the Port of Brisbane on 7 February.
Ms Palaszczuk said that the agreement between TIQ and the LGAQ would give Queensland’s small and medium-sized businesses extra support to expand into international markets.
‘Local governments understand the positive impact that export success and investment can have on local economies,’ she said.
‘The aim of this MOU is to improve support and coordination of state and local trade and investment activities, such as trade missions, and to provide help to regional councils, including training and cultural understanding, and in-market support.’
‘By working together, we can further strengthen Queensland’s export performance.’
LGAQ President and Sunshine Coast Mayor Mark Jamieson said Queensland’s 77 local councils had a deep knowledge of their local economies and how they could benefit from more and better trade and investment activities.
‘They know which local businesses want to export or have the capacity to expand into overseas markets,’ he said.
‘They understand the importance of being on the front foot in attracting investor interest in their regions, which means competing in the global market using all the tools and resources they can muster.’
Ms Palaszczuk said that TIQ would provide funding for councils to receive practical advice on strategies to attract regional trade and investment and on leading and managing delegations.
‘We will also support a specially designed trade and investment professional development program for councils,’ she said.
‘For its part, the LGAQ has recently hired a senior trade and investment advisor to work with the state’s 77 local councils and with TIQ.’
The MOU is one of the key initiatives of the Queensland Trade and Investment Strategy 2017–2022.