Territory Stories

Budget Paper No5 Northern Territory Economy 1998/99



Budget Paper No5 Northern Territory Economy 1998/99

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Tabled Paper 382


Tabled papers for 8th Assembly 1997 - 2001; Tabled papers; ParliamentNT




Tabled by Michael Reed


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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effects of regional economic problems such as those experienced in East Asia. Increasing service exports is one way of improving the stability in the export market. Tenders for the $1.5 million development of Stokes Hill Wharf as a cruise ship terminal are expected to be called early in 1998. This facility will provide Darwin with the ability to increase the service exports that accrue from visiting cruise ships. The completion of Stage One of the East Arm Port Development will also provide impetus to increase shipping services and freight volumes to and from Darwin. The increased capacity of the Port, and the Darwin to Alice Springs railway, will 17 International Trade 0 50 100 150 200 250 300 350 400 Middle East Other Europe South East Asia North East Asia Japan North America $ million 32% 16% 16% 16% 15% 4% 1% Figure 3.3 NT MAJOR TRADING PARTNERS 1997-98 Exports 0 20 40 60 80 100 120 140 160 Middle East Other Europe South East Asia North East Asia Japan North America $ million 22% 19% 15% 3% 22% 9% 11% Source: ABS Foreign Trade Statistics, Treasury Imports

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