Small business boost from Logan trade ties with overseas
The Chamber of Commerce and Industry Queensland (CCIQ) congratulates the Logan City Council on its trade delegation to Asia and strategy aimed at strengthening ties with other countries.
CCIQ Director of Advocacy Nick Behrens said the Asian Century offers enormous opportunity to the Queensland Business Community.
“The Queensland economy stands to reap enormous benefits from the China-Australia Free Trade Agreement (ChAFTA), according to CCIQ,” he said.
“The bilateral trade agreement with Queensland’s largest trading partner will deliver a significant boost for Queensland’s minerals, textiles, tourism and education export industries, and the state’s economy more broadly.
“Queensland’s minerals, textiles, tourism and education sectors will be the immediate beneficiaries of the elimination of tariffs on key exports, giving Queensland businesses a head start in competitive international markets.
“It makes sense that the Logan City Council is now leveraging off this new opportunity.”
Mr Behrens said CCIQ welcomes the delegation and believes it will no doubt strengthen Queensland’s economy by driving greater growth and prosperity through key economic partnerships in both Taiwan and China.
“For example, Queensland’s exports to China were valued at $11.4 billion, representing one quarter of Queensland’s total exports and 14.1 per cent of Australia’s total exports to China,” he said.
“As the largest export market for Queensland’s commodities a trade delegation to China means greater opportunity for Queensland exporters, giving many Queensland producers a significant competitive advantage.
“The delegation will unquestionably deepen and broaden our relationship with one of the world’s fastest growing economies.”
Logan moves to the world stage for global investment links
A new engagement strategy will strengthen the City of Logan’s economic ties with other countries over the next five years.
The Global Connections Strategy 2016-2021 will focus on attracting international investment, continuing Sister City relationships, promoting education services, and identifying export opportunities for our local businesses.
City of Logan Mayor Luke Smith (pictured, below) said now was the perfect time for Council to capitalise on its connections with businesses who have already expressed interest in investing in Logan.
“Logan is perfectly positioned to become South-East Queensland’s second CBD and with international businesses already thriving in our area, now is the time to market our city as an ideal place for businesses to invest,” he said.
“We are already established as a perfect location for freight and logistics and with our large manufacturing base, we will be heavily promoting the advanced manufacturing sector and putting a greater emphasis on digital technologies.”
Mayor Smith said he will be leading a Council delegation to China and Taiwan next week to boost international business interest in the City of Logan.
“Our delegation will be meeting key government and business figures during a two week visit to build trade and investor relations across the manufacturing, tourism, commercial and export sectors,” he said.
“This visit is also critical to re-energising our longstanding relationships with Taoyuan in Taiwan and Suzhou and Xuhui District in China so that Logan continues to benefit from the shared history and goodwill created by those connections.”
City Treasurer, Councillor Trevina Schwarz, said Council had resolved to continue its Global Connections Strategy 2016-2021 to further strengthen the City of Logan’s economic ties with other countries.
“Council’s proactive approach to selling our city to the world has already proved successful, attracting almost $153 million in investment and 520 jobs to our city since we first established the Global Connections Strategy five years ago,” Cr Schwarz said.
“Since 2012, Logan has attracted investment from at least 10 countries, including the United States, China, Taiwan and Europe.
“Investors from those countries have invested in commercial and retail property, as well as employment areas such as manufacturing, warehousing and distribution.
“This visit will promote Logan as a business-friendly city with great resources and a ready and willing workforce.
“We have already developed international relationships and now need to capitalise on these opportunities by continuing the dialogue and expanding our reach into new markets.”