Local trade and investment opportunities will be the focus this week when the South Australian Government hosts a visiting high level business delegation from the United States.
Coordinated by Investment Attraction South Australia (IASA), the delegation led by Acting US Ambassador James Carouso, includes senior representatives of 12 high profile US companies with a presence in Australia including Hewlett Packard Enterprise (HPE), Boeing, 3M, Nova Systems, General Electric, Tesla and CISCO Systems.
The participating companies cover sectors as diverse as health industries, creative industries and technologies, advanced manufacturing and energy and will take part in a series of official meetings, market briefings, investment roundtables and site visits.
""The US is an active investor in South Australia,""
said Investment and Trade Minister Martin Hamilton-Smith.
""Just last week we saw the world’s largest aerospace company, Boeing announce plans to establish a new regional hub in South Australia and create 250 new highly skilled technical and advanced research jobs.""
""The Acting Ambassador has expressed interest in learning more about our university sector during his visit, their commercialisation arms and how they are partnering with the private sector.""
""The visit provides a great opportunity to showcase Adelaide as a key innovation hub and delegates will meet with a range of start-ups and entrepreneurs during their visits to Tonsley and Adelaide Smart City Studio.""
Site visits will include the Tonsley innovation district, Adelaide Smart City Studio and the South Australian Health and Medical Research Institute (SAHMRI). Delegates will be looking for opportunities for local collaborations.
The United States is Australia’s second largest trading partner – with a total of $70.2 billion in two-way trade. In 2015-16, exports to the US from South Australia were valued at $1636.3 million, an increase of seven per cent on the previous year. Key South Australian exports to the US include agribusiness, defence, automotive and electronics sectors.
The US is also Australia’s most significant investor, accounting for 28.4 per cent ($860.3 billion) of the nation’s total foreign investment stock (inbound) and 28.6 per cent ($594.4 billion) of our total overseas investment stock (outbound) as of December 2015.
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