NSW’s first-ever trade statement has been released by Investment NSW to transform the State’s exports and trading performance on the world stage.
Launching the statement, outgoing Deputy Premier, John Barilaro said the Agency’s NSW Trade Statement provided clear direction on how Government would assist exporters to harness new global market opportunities.
Mr Barilaro said exports made up 15 per cent of the NSW economy, worth $96 billion, “and we are setting ourselves an ambitious target to double that to $200 billion by 2031”.
Treasurer, Dominic Perrottet said the Trade Statement detailed how exports would be doubled in the next 10 years, with the first milestone of $130 billion in exports anticipated to be reached by 2024.
“Work is already well underway in delivering the actions set out in the NSW Trade Statement, including the appointment of six global Commissioners to facilitate new export growth opportunities and open doors for NSW businesses overseas,” Mr Perrottet said.
“We’re also increasing our NSW overseas trade presence from 21 to 55 specialists in more than 21 high potential locations, to give businesses access to the local connections and networks for success,” he said.
Mr Perrottet said the Trade Statement outlined strategies to expand exports including increasing the number of exporting businesses from NSW; exporting a more diverse range of goods, services and technologies; increasing the number of markets the State exported to; growing exports in established markets; and building new pathways like ecommerce for how NSW exported goods.
Investment NSW’s 46-page Trade Statement can be accessed at this PS News link.
