Boosting exports for Australia’s services sector

27 November 2019

Photo: Australian Trade Commission

The Morrison Government will continue to focus on boosting Australia’s services exports, releasing its initial response to the first industry-led Services Exports Action Plan.

Developed in close partnership with industry, the Action Plan recommends key measures designed to strengthen the competitiveness of Australian services exporters.

Minister for Trade, Tourism and Investment Simon Birmingham welcomed the recommendations and said the Government’s response addresses three primary areas of focus; supporting business to go global, removing barriers facing exporters abroad, and simplifying regulation at home.

"Our services industries including education, telecommunications, and professional and financial services continue to enjoy strong growth, with services exports reaching record levels of $97 billion last financial year and growing at over 10 per cent per annum,” Minister Birmingham said.

“There is enormous potential for Australian businesses to build on the current momentum of growth particularly in high-growth industries such as defence and space.

"Our Government continues to provide more export opportunities for our services exporters through improved global market access. Our trade agreements, including with Indonesia, Hong Kong and Peru which passed through the Parliament this week, are major wins for our services exporters and will open up new doors including to the dynamic Asian region.

“Removing non-tariff barriers remains a focus as do our continuing red-tape initiatives that have delivered $5.8 billion in savings since 2013.

“Advancing services exports will best be achieved through a partnership with business, and we’ll continue to work with industry as they focus on boosting our economy and creating more jobs through commercial wins in the services sector internationally."

The Government’s response, and the industry-led Services Exports Action Plan, can be found at: Services Exports Action Plan.

The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.