Experts to advise on clear direction for Trade

International businessman Geoffrey Thomas and former Trade Minister John Mickel will undertake a comprehensive review of Trade and Investment Queensland (TIQ), Treasurer Tim Nicholls announced today.

Mr Nicholls said the highly respected pair would bring business and government experience, at home and abroad, to the important review.

“During Labor’s final term the Trade portfolio was allowed to drift without direction,” Mr Nicholls said.

“Two-way trade is vital to the Queensland economy. It creates jobs and strengthens our business and diplomatic ties with the world.

“As the Newman Government works to restore Queensland finances and grow the four pillars of the economy, it remains dedicated to helping Queensland companies achieve success on a global scale. 

“That’s why the Newman Government is intent on developing a clear plan and focus for this vital agency.

“Given the important services TIQ provides to businesses, business will have the opportunity to express their views to the review panel via the Treasury website.

“Mr Thomas and Mr Mickel have agreed to conduct the review free of charge and will provide recommendations to Government by the end of the year.

“The review will be carried out using existing resources of the Department of Treasury and Trade.”

Further details can be found online.  

Terms of Reference:

·         develop a profile of TIQ’s budget (by function and initiative) staffing (both Australian based and locally employed), information systems, financial processes and delegation structures

·         analyse the alignment of these resources with key current and emerging markets, clients and industry sectors

·         provide an economic analysis of Queensland industry sectors, exports and export markets that are in scope for assistance from TIQ

·         consider the effectiveness of current service delivery models both domestic and overseas

·         analyse models for successful trade partnerships

·         review TIQ performance measures

·         consider opportunities for utilising expertise from other State departments and Australian jurisdictions

·         analyse intelligence and planning mechanisms to ensure that TIQ is able to respond to changing environments

·         identify key priorities in the short and medium term for TIQ.

Biographies:

Geoffrey Thomas is a successful Queensland-born international businessman with interests in Australia, the US, Indonesia and Thailand. In 2001 he was appointed Special Commissioner to North America by the then Queensland Premier, Peter Beattie. He continues to act on behalf of the Queensland Government as an Honorary Advisor in the US.    

John Mickel served as a Member of the Queensland Parliament for almost 14 years, during which time he spent three years as Speaker of the Legislative Assembly and held numerous ministerial portfolios, including Trade. He retired from politics at the March 2012 election.

[ENDS] 1 November 2012

Media Contact: Larine Statham 0419 565 694