UKTI Australia opportunities for british business

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UKTI Australia - Opportunities for British Business 2

Australia - Opportunities for British Business

Scott StrainDirector of Trade, Australia and New Zealand


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 2012


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 7 692 000 000 295 000


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


Australia – UK’s top export sectors


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 on 26 Sept @ 9.30am, contact [email protected]

FreeDigitalPhotos.net


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 [email protected]



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 [email protected] or read our healthcare sector briefing FreeDigitalPhotos.net


Australian opportunities: ports

• 99% of Australia’s exports by sea

• High demand for Australian 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 [email protected] for more information



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 @ 9.30am


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




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)




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 the market!


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 [email protected]

• Now introducing ‘Your Australian Business’

