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Australia - Opportunities for British Business   Scott Strain   Director of Trade, Australia and New ZealandUKTI Australia...
Why Australia?   • You’ll feel at home immediately:           – Over 1,000 UK companies and more Brits than in any other c...
Australia – an economic snapshot                                                      Australia       UK  Population      ...
UK/Australia trade links• UK exports to Australia grew by  over 60% from 2007 - 2011 (to  more than £10 billion)• UK’s ove...
Australia – UK’s top export sectorsUKTI Australia - Opportunities for British Business   6
Australian opportunities: low carbon   • Ratified Kyoto protocol in 2007 and     introduced a price on carbon on July 1   ...
Australian opportunities: e-commerce   • Australians spent around £7 billion     online in 2011   • Online sales grew 90% ...
Australian opportunities: healthcare   • Rated as the best Healthcare     market in the Asia Pacific region for     doing ...
Australian opportunities: ports   • 99% of Australia’s exports by sea   • High demand for Australian                      ...
Australian opportunities: oil and gas   • UKTI estimates £85bn invested in     Australian O&G in 2012   • Designated as UK...
Australian opportunities: financial services   • Emerged from the global financial crisis     relatively intact   • Financ...
Australian opportunities: ICT   • ICT contributes 4.6 % of Australia’s GDP     (AU $82 billion) IBSA Dec 2010   • Building...
How can UKTI Australia help British companies?   • Find local contacts to help your     business grow   • Help you attend ...
What next?   • Ask questions at the end of this     webinar or     follow the conversation on LinkedIn   • Keep in touch w...
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UKTI Australia opportunities for british business

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  • Best market based on market size, structure and risk (Business Monitor International)
  • UKTI Australia opportunities for british business

    1. 1. 1
    2. 2. Australia - Opportunities for British Business Scott Strain Director of Trade, Australia and New ZealandUKTI Australia - Opportunities for British Business 2
    3. 3. Why Australia? • You’ll feel at home immediately: – Over 1,000 UK companies and more Brits than in any other country – Very similar business, legal and regulatory culture • Best performing OECD country economically, with good growth prospects • Strong Australian dollar making UK goods and services more affordable • Closely linked to fast growing Asia-Pacific nations • Massive opportunities for UK companies in oil and gas, health, ports, infrastructure, ICT, education, low carbon, financial and business services • Economic webinar on 5 December or read our latest economic briefing * ONS Pink Book 2012UKTI Australia - Opportunities for British Business 3
    4. 4. Australia – an economic snapshot Australia UK Population 22.5 million 62 million Global GDP ranking 13th 7th GDP growth est. 2012 3% 0.6% GDP per capita ($US 2011) $40,800 $36,600 Ease of doing business (World Bank 2011) 15th 4th Unemployment (Sept 2012) 5.1% 8% Land mass – sq kms 7 692 000 000 295 000UKTI Australia - Opportunities for British Business 4
    5. 5. UK/Australia trade links• UK exports to Australia grew by over 60% from 2007 - 2011 (to more than £10 billion)• UK’s overall exports contracted first half of 2012, to Australia rose• 7th biggest market for services exports and 18th largest for goods• UK is 2nd biggest foreign direct investor in AustraliaUKTI Australia - Opportunities for British Business 5
    6. 6. Australia – UK’s top export sectorsUKTI Australia - Opportunities for British Business 6
    7. 7. Australian opportunities: low carbon • Ratified Kyoto protocol in 2007 and introduced a price on carbon on July 1 2012 • Needs to double renewable energy use by 2020 to meet legally binding Renewable Energy Target (RET) • Recently announced it will link its new carbon price to the EU carbon trading scheme by 2018 • Webinar on Low Carbon Opportunities FreeDigitalPhotos.net on 26 Sept @ 9.30am, contact eleanor.ashton@fco.gov.ukUKTI Australia - Opportunities for British Business 7
    8. 8. Australian opportunities: e-commerce • Australians spent around £7 billion online in 2011 • Online sales grew 90% from 2010 to 2011 • Opportunities in sporting and outdoor goods, cosmetics and beauty products, books, media and fashion • Goods under $1,000 bought overseas do not attract 10% GST • Webinar on 4 October at 9.30am, contact Richard.Harper@fco.gov.uk FreeDigitalPhotos.netUKTI Australia - Opportunities for British Business 8
    9. 9. Australian opportunities: healthcare • Rated as the best Healthcare market in the Asia Pacific region for doing business • Australian healthcare industry currently generates revenue of A$92 billion (£57 billion) per year • Forecast to rise to A$113 billion (£70 billion) within five years • Healthcare webinar on 18th October or contact joe.dodd@fco.gov.uk or read our healthcare sector briefing FreeDigitalPhotos.netUKTI Australia - Opportunities for British Business 9
    10. 10. Australian opportunities: ports • 99% of Australia’s exports by sea • High demand for Australian FreeDigitalPhotos.net resources (particularly commodities) has driven large ports investment • £100 billion investment needed into new logistical infrastructure • Read more about opportunities in the Australian ports sector • Webinar on 22 November • Contact antonia.yendell@fco.gov.uk for more informationUKTI Australia - Opportunities for British Business 10
    11. 11. Australian opportunities: oil and gas • UKTI estimates £85bn invested in Australian O&G in 2012 • Designated as UKTI High Value Opportunity for 2012 • Australian upstream oil and gas industry expected to grow at two to three times the rate of the economy for at least the next 15 years. • Read more in the oil and gas sector briefing • UKTI Webinar on 25 October @ 9.30amUKTI Australia - Opportunities for British Business 11
    12. 12. Australian opportunities: financial services • Emerged from the global financial crisis relatively intact • Finance and insurance is the largest sector in the Australian economy, worth more than £83 billion in 2011 • Australia has world’s fourth largest asset pool due to ‘superranuation’. Assets reached approx £900 billion June 2011 • Contact melena.dirou@fco.gov.uk for more information FreeDigitalPhotos.netUKTI Australia - Opportunities for British Business 12
    13. 13. Australian opportunities: ICT • ICT contributes 4.6 % of Australia’s GDP (AU $82 billion) IBSA Dec 2010 • Building v fast broadband network to cover 95% of population (in 8-10 yrs) – At A$35.7 billion it’s the most expensive infrastructure project in Australia’s history • Opportunities in e-Health, e-Learning, digital entertainment, e-commerce for mobile • Internet usage in Australia is 90% penetration (5th best in the world) FreeDigitalPhotos.net • Contact Jim.Thompson@fco.gov.uk for more informationUKTI Australia - Opportunities for British Business 13
    14. 14. How can UKTI Australia help British companies? • Find local contacts to help your business grow • Help you attend trade fairs and missions • Carry out in-depth research on the market to your specifications • Product launches and PR and marketing support • Whatever you need to succeed in FreeDigitalPhotos.net the market!UKTI Australia - Opportunities for British Business 14
    15. 15. What next? • Ask questions at the end of this webinar or follow the conversation on LinkedIn • Keep in touch with the latest Australian business opportunities • Attend our industry specific webinars • Follow us on twitter @uktiaustralia • Get in touch with me scott.strain@fco.gov.uk FreeDigitalPhotos.net • Now introducing ‘Your Australian Business’UKTI Australia - Opportunities for British Business 15

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