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Economic Cooperation

 

Economic Cooperation

THE AUSTRALIAN ECONOMIC OUTLOOK

Australia is a country rich in natural resources and characterized by a high economic drive, thanks to the export of raw materials and the increasing integration with the emerging Asian economies.
Australia is now the thirteenth economy in the world and is also in its twenty-sixth consecutive year of economic growth, it has recorded for some time economic growth rates above the average of the OCSE economies.
Australia is located in the center of the Asia-Pacific region which is the most vibrant area with the highest rates of economic growth worldwide.
Furthermore, Australia is a country open to international trade as shown by the recent conclusion of many free trade agreements with China, South Korea and Japan.
Especially in recent years, there have been substantial launches of investment programs, particularly in the infrastructure sector.
We, therefore, envisage significant opportunities for Italian companies.
In this regard, the inter-change data is encouraging; showing a continued growth mainly driven by Italian exports.
In 2016, the interchange amounted to 4.1 billion Euro, Italian exports in particular reached a record high of 3.6 billion Euros.
More than 180 companies operate in Australia and there are excellent prospects to further strengthen the economic-commercial relations especially in certain sectors; these being machinery defense, infrastructure, energy, mining, agriculture and the consumer goods of high and medium quality sector.
The reciprocal flow of investments is still modest and should be strengthened.
For more information please visit InfomercatiEsteri, the new portal for exporters and investors. For export issues, please contact the Italian Trade Agency Office in Sydney (sydney@ice.it).


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