Territory Stories

Annual Report 1998/99 Trade Development Zone Authority

Details:

Title

Annual Report 1998/99 Trade Development Zone Authority

Other title

Tabled Paper 1647

Collection

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

Date

1999-11-25

Description

Deemed

Notes

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.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/294976

Citation address

https://hdl.handle.net/10070/395518

Page content

Domestic marketing of the Darwin Trade Development Zone has continued during 1998/99 and the results are encouraging. Many inquiries have been received this year from Australian-based manufacturing and service operators who view the Northern Territory port capital as an important stepping stone into the Asian markets. Understandably, real capital investments and developments on the ground could take some time to materialise. Inquiries have also come from companies operating in South East Asia where the monetary crisis has continued to have a significant impact on trade and business dealings. However, while the Northern Territory appears an attractive proposition for such operators because of its political stability and economic strength, it is not in a position to offer the same types of financial incentives available in South East Asian trade zones. Northern Territory Government initiatives to upgrade vital transport infrastructure and bolster growth of the mining, oil and gas and primary industry sectors, through multi million dollar commitments, will ensure healthy benefits for the Trade Development Zone, and for the Territory economy as a whole, during the coming decade. 3


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