State and Local Government Unite for Trade & Investment

The State Government and Queensland’s 77 Local Councils have formalised an agreement to work to boost Queensland’s trade and investment.

container ship at port and cargo planePremier and Minister for Trade Annastacia Palaszczuk and Local Government Association of Queensland President Mark Jamieson says the Memorandum of Understanding (MOU) between the Queensland Government’s global business agency, Trade and Investment Queensland, and LGAQ would give small and medium businesses greater support to expand into international markets.

The Premier says Local governments understand the positive impact that export success and investment can have on local economies.

“Queensland exports are booming. In 2017, Queensland has posted a record $69.6 billion – an increase of more than $16.9 billion over the 2016 record.”

“The aim of this MOU is to improve support and coordination of state and local trade and investment activities, such as trade missions, and to provide help to regional councils, including training, cultural understanding, and in-market support when travelling overseas or hosting inbound investment delegations.”

The LGAQ has recently hired a senior trade and investment advisor to work with the State’s 77 local councils.

LGAQ President and Sunshine Coast Mayor Mark Jamieson says local councils had a deep knowledge of their local economies and how they could benefit from more and better trade and investment activities.

“They know which local businesses want to export or have the capacity to expand into overseas markets. They understand the importance of being on the front foot in attracting investor interest in their regions which means competing in the global market using all the tools and resources they can muster.”

The MOU is designed to result in stronger collaboration with the State Government in promoting and coordinating trade and investment opportunities.