Territory Stories

Annual Report 1998/99 Trade Development Zone Authority



Annual Report 1998/99 Trade Development Zone Authority

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Tabled Paper 1647


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






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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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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