Trade outlook remains positive as export and investment agency continues vital work

The Queensland trade outlook will continue to be positive after the delivery of the State Budget.

Premier and Minister for Trade Annastacia Palaszczuk said the past year had seen significant progress made in boosting exports and investment through the $35million Advancing Trade and Investment - Queensland Trade and Investment Strategy 2017-2022.

“This 22-initiative strategy is delivered through our global business agency, Trade and Investment Queensland, and is providing real outcomes for Queensland exporters and companies seeking to invest here,” Ms Palaszczuk said.

“In the past year, Trade and Investment Queensland has assisted over 830 businesses, including many regional exporters and supported outcomes worth $63 million.

“The agency has also assisted investment outcomes for the state worth more than half a billion dollars.”

Recent initiatives have seen a new Trade and Investment Queensland office open in San Francisco and the strengthening of the agency’s Singapore and Jakarta offices with more staff to better service Queensland businesses going overseas.

A number of people from Queensland small to medium enterprises have also been hosted in overseas trade offices under the Developing Future Leaders initiative to assist them with their global business expansion through grassroots support and intelligence.

Trade and Investment Queensland has also released the Queensland-India Trade and Investment Strategy and delivered more than 50 export focussed workshops across regional Queensland.

The agency also assists with Trade Missions with Ministers travelling to a number of key markets including China, the United States, Germany, the United Kingdom, Japan and South Korea in the past 12 months.

“Helping exporters and potential exporters is never-ending work and I am very proud of the regional and international network of staff that deliver every day for Queensland by doing this,” Ms Palaszczuk said.

“Trade and Investment Queensland is funded to deliver a diverse range of tasks – from hosting in-bound missions to high level events and conferences to ensuring travelling Ministers meet the right companies offshore.

“This work will continue and deliver even more for Queensland in the next financial year.”

Trade data for the 12 months to April 2019, shows Queensland goods exports totalled $85.2 billion, a record 12-month total and 16.4 per cent higher than the same period last year. Queensland remains Australia’s trade and export powerhouse, with around one in every four Australian goods export dollars generated in Queensland, and Queensland’s goods exports outstripping those of NSW and Victoria combined.

More details about how Trade and Investment Queensland can help businesses export or invest through its 15 overseas offices and 9 regional offices are available on the agency’s website at www.tiq.qld.gov.au.