New South Wales Government unveils new trade & investment strategy

Key Takeaways

• The New South Wales Government has released a new trade and investment strategy ahead of a trade mission to the Republic of Korea and Japan.
• The ‘NSW Trade and Investment Strategy 2035’ is a ten-year plan with clear targets to grow and diversify the State’s exports and attract investment to develop and strengthen new and existing industries and drive long-term economic prosperity.

The strategy provides a clear path towards a more productive and resilient economy targeting the following investment related outcomes by 2035:

1. Support the creation of 30,000 direct full time equivalent jobs through NSW Government investment attraction activities.  The aim is to increase the number of jobs created through NSW Government investment attraction activities to an average of 3,000 per year.
2. Attract $25 billion in investment to NSW, with $17.5 billion into the Industry Policy Missions.  Targeting investment outcomes in the NSW Industry Policy missions (Housing, Net Zero & Energy Transition, and Local Manufacturing) will be crucial to unlocking NSW’s economic potential, achieving the missions, and supporting government priorities.

The Strategy prioritises the missions of Housing, Net Zero & Energy Transition, and Local Manufacturing. Additional focus sectors where there are compelling trade and investment opportunities include agrifood; defence and aerospace; life sciences and healthcare; digital technologies; international education; and mining equipment, technology and services.

For more information, see article below.

https://www.nsw.gov.au/ministerial-releases/bold-new-trade-and-investment-strategy-launched-ahead-of-trade-mission-to-republic-of-korea-and-japan