South Australia is intending to bolster its trade relationship with the United States by spruiking export credentials, promoting local brands in the US market and attracting further investment in the defence and space sector.
Premier Steven Marshall has embarked on a 10-day trip in the US to help push SA’s export opportunities and attract more US investment, with a focus on defence, space, food and wine industries.
During the visit, it’s understood Mr Marshall will take part in roundtable discussions with company CEOs, high-ranking government officials and policy experts in Los Angeles to attract interest and further investment in SA.
The visit is part of the annual G’day USA in Los Angeles, where Australian ideas, invention and talent are promoted to audiences across the US.
SA is one of the Australian states sponsoring the 10-day event which will include the high profile G’day USA Los Angeles Gala on January 26.
The US is SA’s second-largest trading partner, with more than 400 SA firms currently exporting their products and services to the US.
“The United States is a crucial trading partner for our state,” Mr Marshall says.
“We need to make sure we make the most of any opportunity to promote our trade and export potential and create better access for South Australian businesses to US markets.
“The United States is already our second-largest export destination, and as the biggest investor in South Australia, the US already has a considerable presence in our state.
“I want to use this trip to drive further investment from the United States in South Australia and bolster the economic growth set in motion by our government.”
Mr Marshall says the US will be a “crucial investor” in SA’s space sector with the establishment of the Australian Space Agency in Adelaide, helping the local space industry reach its full potential.
He told reporters earlier this month that the State Government was committed to opening a trade office in the US, with trade offices also opening in Tokyo, Malaysia and the Middle East this year.
SA opened a new trade and investment office in Shanghai in November 2018.
Industry in focus: Trade and Investment
Throughout the months of January and February, the state’s trade and investment industry will be explored as part of I Choose SA.
South Australia is in a prime position for trade and investment opportunities as we have a 24-hour connection to international markets and a prime reputation for our premium products and services. Read more trade and investment stories here.
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