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2. Presentation for UKTI Southwest on
Australia & New Zealand Business
opportunities
Scott Strain
Director of Trade, Australia and New Zealand
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3. Why Australia & New Zealand?
• 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 & NZ 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
• Free trade agreements with China, the ASEAN nations and Singapore
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4. Australia & NZ - an economic snapshot
NZ Australia UK
Population 4.4 million 22.5 million 62 million
Global GDP ranking 55th 13th 7th
GDP growth est. 2012 2.3% 3% 0.6%
GDP per capita ($US 2011) $36,648 $40,800 $36,600
Ease of doing business (World 3rd 15th 7th
Bank 2011)
Unemployment (Sept 2012) 6.5% 5.1% 8.1%
Land mass – sq kms 263,310 7 692 000 242 000
000
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5. Australia – A brief geographical overview
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6. 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 Australia
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7. Australia – UK’s top export sectors
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8. UK New Zealand trade links
• UK is 3rd largest foreign direct
investor in New Zealand (2011)
• UK is NZ’s 7th largest trading partner
• UK export of goods to NZ in 2011
totalled £667 million
• UK exports to NZ primarily from the
automotive, pharmaceutical and
power generating equipment
sectors
UKTI New Zealand – Opportunities for British Business 07/11/2012 8