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DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS Asian Engagement, Trade & Investment Strategic Plan 2015 - 2020.

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Presentation on theme: "DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS Asian Engagement, Trade & Investment Strategic Plan 2015 - 2020."— Presentation transcript:

1 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS Asian Engagement, Trade & Investment Strategic Plan 2015 - 2020

2 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS The Hon Peter Styles MLA Minister for Asian Engagement and Trade

3 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS We have been busy 2015: a big push into Asia: Mounted four high level business missions to eight markets (Japan, China, Indonesia, Singapore, Malaysia, South Korea, Hong Kong, India) Hosted an international trilateral economic cooperation dialogue between Australia, Indonesia and Timor-Leste Actively engaging with China – visiting several provinces; finalising a cooperation framework with China Development Bank; advancing joint business projects Pursuing investment leads in Singapore and Malaysia Leading two Team NT missions to Timor Leste to strengthen ties

4 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS The June mission [insert Asia ring map]

5 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS We have been busy 2015: Asia coming to us: Boosted numbers of Asian corporates visiting the Territory to talk about doing business here – 31 delegations from 12 countries with strong interest from China Recent Australia-Taiwan Joint Business Council Conference saw over 60 Taiwanese corporate leaders visit Darwin NT Resources Week in August attracted delegates from China, Japan, South Korea, and Malaysia A political mission from Eastern Indonesia visited to discuss closer economic ties

6 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS Economy grew by 3.9% in 2014 Australia’s strongest Business confidence is at +43% Australia’s strongest Engineering construction activity increased by 41% Private housing construction increased by 20% in the year to September Employment growth 3.2% Australia’s strongest NT Economy is strong and growing

7 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS International Trade and Exports

8 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS Top 5 Export Markets A$(000)

9 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS The stars are aligning – with the Territory at the crossroads 2015: new frameworks at home Northern Australia Development White Paper –$5 billion infrastructure concessional loan facility for the North –$1.2 billion in new investment : land; water; business gateway; infrastructure; reducing employment barriers; improving governance Defence and Agriculture White Papers New Colombo Plan for education links with Asia

10 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS The stars are aligning – with the Territory at the crossroads 2015: new frameworks in the region China’s ‘One Belt, One Road’ regional infrastructure push – key nodes : Hong Kong/Shenzhen; Singapore; Darwin Indonesia’s ‘Sea Toll Road’ maritime transport corridor plan ASEAN Economic Community commences 31/12/15 China Australia Free Trade Agreement New Free Trade Agreements with Japan and South Korea

11 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS What is coming up 2015-2016: Seizing the moment: Exporting Establishing new trade & investment representative offices in Asia Rolling out export readiness workshops across the Territory Leading targeted trade missions into Asia – Japan (October 15); China & Taiwan (October 15); Indonesia (November 15) Profiling a new Asia business series in October Business Month

12 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS What is coming up 2015-2016: Seizing the moment: Investment Maximising outcomes for the NT from the landmark Northern Australia Investment Forum – Darwin, November 15 Hosting Commonwealth Trade & Investment Ministerial Meeting – Darwin, November 15 Launching suite of new investment promotion material Roadshowing the recent Northern Australia Development agenda in major Asian investment markets Rolling out new program to help local firms become investment ready

13 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS What is coming up 2015-2016: Seizing the moment: Supply & Service Hub Expanding program of local and international promotion to connect our firms to international projects Developing new infrastructure – Darwin Port expansion, Marine Industry Park, Tennant Creek-Mt Isa rail link Supporting industry to build the new skills for our firms to be competitive and innovative

14 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS What is coming up 2015-2016: Seizing the moment: Capacity building with our neighbours Developing new capacity building initiatives with Timor Leste, and promoting migration pathways Supporting tourism industry development in the region Fostering greater youth exchanges – major Australia-Indonesia youth forum CAUSINDY (Darwin, September 15); expanded Timor Sea Cup invitational (Darwin, April 16)

15 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS We will help you grow your business internationally What we can offer you: Getting you export ready Taking you to priority international markets Promoting your business to foreign companies Helping you identify and pursue new opportunities in overseas markets Advocating your interests to the Australian Government Assisting you with business matching, alongside Austrade

16 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS We will help you grow your business internationally How do you get help? Our Trade Specialists provide companies advice on export market development including market entry strategies The Trade Support Scheme offsets up to 50 per cent of your costs for trade promotion and investment attraction activities InvestNT is our ‘one-stop-shop’ to connect our businesses to external investors InvestNT can help shape your business initiative into a winning investment proposal

17 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS We will help you grow your business internationally Who do you talk to?

18 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS We will help you grow your business internationally Our Four Strategic Goals: Increase and diversify exports Excellent partner for near neighbours Increase foreign investment Supply and service hub for region

19 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS Asian Engagement, Trade & Investment Strategic Plan 2015 -2020 Our Four Critical Enablers: Strong relationships with Asia Territory businesses more competitive Sustainable transportation links Increased profile for the Territory in the region

20 DEPARTMENT OF BUSINESS www.investnt.com.au Department of BUSINESS Thank you for joining us We welcome your comments on the Strategic Plan by Friday 16 October 2015 For more information: Visit:www.investnt.com.au Contact:Office of Asian Engagement, Trade & Investment Department of Business Email:investment@nt.gov.au


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