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Investor Presentaiton

Priority Free trade agreements The Queensland Government works closely with the Australian Department of Foreign Affairs and Trade (DFAT) and Austrade to promote FTAs to benefit Queensland businesses. The Queensland Government promotes these benefits through its network of Trade and Investment Commissioners (see page 12) that delivers country- specific FTA presentations, online information and guidance material, and a dedicated FTA specialist assisting clients via the Queensland Government's trade and investment hotline. Case Study: Queensland broccoli in Japan Japan has become Queensland's third-largest overseas market for broccoli after just one season of exports, injecting $1 million into Queensland. The Queensland Government and Horticulture Innovation Australia work to help Queensland's vegetable growers capitalise on the lower Australian dollar and reduced tariffs under the Japan-Australia Economic Partnership Agreement. International commercial agreements In addition to traditional investment attraction activities, the Queensland Government places a heavy emphasis on supporting commercial arrangements with international companies. These agreements facilitate the sharing of expertise, new technologies and research, building essential capabilities within Queensland's workforce. The Queensland Government's network of international representation is committed to facilitating opportunities to develop durable commercial agreements with high-profile firms. 5 Current Australian trade agreements • ASEAN-New Zealand FTA ⚫ Chile FTA • China FTA • Japan Economic Partnership Agreement • Korea FTA • Malaysia FTA ⚫ New Zealand Closer Economic Trade Agreement • Singapore FTA • Thailand FTA • United States FTA Under negotiation Read more at www.dfat.gov.au • Trans-Pacific Partnership • Australia-Gulf Cooperation Council FTA Australia-India Comprehensive Economic Cooperation Agreement • Environmental Goods Agreement • Indonesia-Australia Comprehensive Economic Partnership Agreement • Pacific Agreement on Closer Economic Relations • Regional Comprehensive Economic Partnership •Trade in Services Agreement International partnerships The Queensland Government recognises the importance of international partnerships and has established a number of international agreements to increase trade and investment opportunities. Queensland has established sister-relationships with Shanghai, China; Saitama, Japan; Gyeonggi, Korea; Central Java, Indonesia; and South Carolina and Texas in the USA. Sister relationships establish high-level diplomatic and cooperative relationships and can be used to facilitate the development of business, social, technological and cultural links. They are particularly important across Asia, as they signify Queensland's willingness to cooperate and build strong and enduring relationships. The Queensland Government will continue to pursue sister agreements that contribute to the Queensland Government's economic growth strategy. Case Study: Queensland-Chinese Academy of Sciences (Q-CAS) Collaborative Science Fund Q-CAS is an Advance Queensland initiative under Queensland's strategic science agreement with the Chinese Academy of Sciences. The Q-CAS Collaborative Science Fund seeks to foster new scientific partnerships in key areas of joint interest that deliver economic, social and environmental benefits for Queensland and China. Priority areas for joint research are agricultural biotechnology and food production (including food safety), human health (including immunology and neuroscience) and energy. The recipients of the 2016 Q-CAS round can be found at advance.qld.gov.au. Queensland Trade and Investment Strategy 2017-2022 37
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