Options for Australia’s trade future

The Australian Parliament’s Joint Standing Committee on Trade and Investment Growth tabled its report Trade transformation - Supporting Australia's export and investment opportunities in the Senate this week.

Senator for Victoria and member of the Committee David Van welcomed the report, which highlighted 20 recommendations aimed at supporting businesses, including in new and emerging industries, to increase their trade and attract investment.

I was very pleased this report was tabled in the Senate today,” Senator Van said. “The report looks to the future of Australian trade and investment and is an important contribution to how Australia may grow investment in a post COVID-19 world.”

"Additionally, the report also confirms the Morrison Government’s commitment to growing Australia’s export sector.

“By making our exporters more competitive in more markets around the world, we can help see our export sector go from strength-to-strength which is so critical given one in five Australian jobs are reliant on trade.

“The Committee’s report also supports innovation in new and emerging industries,” said Senator Van.

The Morrison Government has committed to building up Australia’s space and defence industries and this report highlights the importance of continued investment in those areas.

While the Committee’s work was largely undertaken prior to the COVID-19 outbreak, the recommendations remain relevant as the Australian economy recovers over the long term.

The report can be found on the Parliament House website at:  JSCTIG Completed Inquiries.