The Business Travel Magazine December/January 2018/19

DEPARTURES
destination globally for
Australian investment.
Appearing alongside
Australian Minister for Trade,
Tourism and Investment,
Steven Ciobo, he highlighted
the investment ties between
the UK and Australia – which
grew 22% between 2010 and
2017 to more than £63billion.
“We’ve taken a major step
towards building our bilateral
trading relationships with
Australia and New Zealand –
two of our closest international
partners – by opening consultations
on our potential future agreements,”
said Stuart.
“Combined, their investment into
the UK delivered 95 new projects
last year, creating almost 2,500
British jobs. These consultations
will examine new possibilities for
British exporters in the region,
especially in technology and
infrastructure,” he added.
Ciobo added that Australia and
the UK were committed to working
together aross diverse industries
“from defence to infrastructure”.
“Both countries offer large, open
and flexible economies as well as
an ideal location from which to
access other regional opportunities,
be it in Europe or Asia.”
Top exports to Australia and
New Zealand include vehicles,
machinery and mechanical parts,
print products, pharmaceuticals,
gems and precious metals, as well
as plastics, furniture and iron and
steel products.
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