Territory Stories

Driving international engagement and economic opportunities for the Territory

Details:

Title

Driving international engagement and economic opportunities for the Territory

Member

Manison, Nicole Susan

Political affiliation

Australian Labor Party

Collection

Media Releases for 14th Assembly 2020 -; Media Releases; ParliamentNT

Date

2022-03-28

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT)

Language

English

Subject

Economic development; International commerce

Publisher name

Northern Territory Government

File type

application/pdf

Use

Issued as a Media Release

Copyright owner

Northern Territory Government

Parent handle

https://hdl.handle.net/10070/860162

Citation address

https://hdl.handle.net/10070/860164

Related items

https://hdl.handle.net/10070/860163

Page content

Pathway to Success To drive sustainable growth in the Territory, it will be important to focus on diversifying our exports and export markets. Seek diverse and ambitious partnerships to capitalise on market trends Support opportunities for value-adding industries such as manufacturing and processing, including through Sustainable Development Precincts Build and grow relationships with the Australian Government, foreign government representatives, in-country industry bodies and sectorial specialists Leverage Australias existing and expanding network of bilateral and multilateral agreements to assist Territory businesses gain access to international markets. There are clear gaps to address in international market demand that links to the Territorys available and accessible capability and resources. The Northern Territory Government will work with industry to understand these gaps and to identify competitive and sustainable goods/services propositions that can be: 1) capitalised upon and 2) extended out of current industry interests. This will be key in maintaining momentum and securing diversified and resilient trade portfolios across sectors. To bridge these gaps, we will need to stretch our ambition and collaborate across sectors to innovate in our response to these markets and offer a competitive landscape for doing business, while also highlighting the unique points of value that speaks to Why the Territory. Australias formal international agreements on investment and trade (including Free-Trade Agreements) present opportunities for Territory businesses to enter, and trade in overseas markets. There is a key role for the Northern Territory Government to advocate for consideration of the Territory in the development and implementation of these formal agreements, as well as supporting Territory businesses to understand the new opportunities created through the agreements. INTERNATIONAL ENGAGEMENT STRATEGY 21


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