Northern Australia has to promote itself to Asia, investment forum hears

Global growth has moved to Asia, and Australia has to promote what it’s got when looking for investors to develop the north, government ministers and leaders have said at the conclusion of a major investment forum in Darwin.

The Northern Australia Investment Forum wrapped up in Darwin after three days of meetings between about 250 international investors examining investment opportunities in Australia’s north.

The forum followed the release earlier this year of the federal government’s white paper on developing northern Australia – the region above of the Tropic of Capricorn – and making it an “economic powerhouse.”

The federal trade minister, Andrew Robb, said Australia had to focus on capitalising on change, and “the centre of gravity for global growth has moved … to Asia” with a growing middle class.

“That is an opportunity of enormous dimension, but we’ve got to be ready for it, and part of that is we have to sell what we’ve got here.” For the full article click here 

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