Australian ministers responsible for trade and investment recently agreed to adopt a ‘Team Australia’ approach in both promoting the nation’s strengths to the world and in pursuing commercial opportunities.
This was one of the outcomes of the second Trade and Investment Ministers’ Meeting, held in Cairns last 12th September, which brought together representatives from all states and territories and the Commonwealth.
Federal Trade and Investment Minister Andrew Robb who hosted the meeting said the outcome was a good example of Australians working together to back the country’s strengths. “This agreement will enhance the work of the government and individual states and territories as they seek to realise the once-in-a-lifetime opportunity offered by the rise of Asia’s middle class,” he said.
The ministers agreed to identify high quality investment projects within their jurisdictions and work together to address regulatory barriers to capital. They also agreed to commission their departments to develop joint promotional events and business missions suitable for a coordinated, Team Australia approach.
The meeting followed a previous gathering in Canberra in February where ministers endorsed five new National Investment Priorities: food and agribusiness; resources and energy; economic infrastructure; tourism infrastructure; advanced manufacturing services and technology.