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Australia means opportunities
2013. 3. 21
대한상공회의소
Australia Key Facts
Economy US$1.5 Trillion GDP o 4th largest in Asia Pacific region
o 80% services economy
Population 22.8 million
Culture Multicultural, multiracial,
multilingual
Aboriginal heritage
Geography World’s 6th largest country o 7,682,300 sq km
o coastline 36,735 km long
Climate Temperate – but varied
Political
Environment
Democratic / Westminster system
Federation formed in 1901
Three tiers of government
o Commonwealth
o 6 States and 2 Territories
o Local Government
Australia – means opportunities
Australia Means Opportunities
Opportunities
Innovation
Australia – means opportunities
Growth With 22 years of uninterrupted growth, Australia’s
diverse economy is set for continued expansion,
creating opportunities for investors in a low-risk
environment with strong connections to Asia’s
economic dynamism.
• Australia’s economy has experienced 22 years of continued economic growth.
• Australia is the only country to consistently rank in the top five of the world’s most resilient economies since 2008¹.
• IMF growth forecasts: [October 2012]
– 3.0 per cent growth in 2013; and
– 3.2 per cent annual average real GDP growth between 2012 and 2017 reflecting the highest anticipated growth amongst major advanced economies
• AAA Sovereign Credit rating by S&P, Moody’s and Fitch.
¹ IMD World Competitiveness Yearbook 2012
A resilient growth economy
Australia – means opportunities
Australia is a globally significant economy –
US$1.5 Trillion GDP
Australia – means opportunities
• A diverse economy
A diverse economy
Australia – means opportunities
Innovation Australia’s proven track record and commitment
to world-class innovation makes it the ideal
location to develop new ideas and bring
them to life.
Government & Business
Investment in R&D
R&D Tax Incentive
Resilient Growth Economy
Location in high growth Asian region
Diversified economy
Strong trade links and engagement
Multicultural, multilingual society
Quality Education System
Highly Skilled, innovative workforce
IP Protection
Quality Research
Institutions & Centres
World class research
Easy & safe business environment
Stable democratic political environment
Entrepreneurship & track record
Early adopters
Enabling IT infrastructure
5 Global innovation precincts
Top universities
Access to capital
Strategic Government Leadership
Innovative Business & Industries
OPPORTUNITIES
Australia’s Research and Innovation Framework
Australia – means opportunities
• Expenditure of US$9 billion in 2011-12 on science, research and innovation
• Generous R&D Tax incentives and strong Intellectual Property protection
Australian Government Commitment
Key Institutions
• Australian Research Council (ARC)
– Centres of Excellence
• National Health and Medical Research Council
• Cooperative Research Centres (CRCs)
• Chief Scientist’s Office
• Department of Innovation
• Research and Scientific Infrastructure
• Higher Education Funding and support
• Government grants and support initiatives
Australia – means opportunities
– An Australian invented The black box flight recorder
– The bionic ear was invented by Dr Graeme Clark at the University of Melbourne
– High speed WiFi802.11 was developed by the CSIRO
– Google maps was invented in Sydney by Jens and Lars Rasmussen
– The Gardasil Cervical Cancer Vaccine was developed in conjunction with Queensland University
– Flu treatment drug Relenza (Zanamivir) was developed in Australia by Biota Holdings, CSIRO, Monash University and GSK
– Australian, Dr Martin Green, known as the “father of photovoltaics”, holds a world record for solar cell efficiency
Did you know the following are
Australian innovations?
• Boeing 22 year partnership with the CSIRO
• Bayer collaboration with the CSIRO to develop a
new generation of crops
• Canon 20 years of R&D in Australia with the CSIRO,
USydney and UNSW
• IBM collaborating with the UMelbourne developing
sequencing technology using supercomputers
• GE an R&D alliance with the CSIRO to address
global challenges - aging population, water
conservation and clean technologies
Examples include
Australia – means opportunities
• Growing investment in Research & Development
Growing investment in Research & Development
Australia – means opportunities
Australians are early adopters
Smartphones
TABLETS
Wireless Lan
High Definition
Smart TVs
Broadband Internet
3 D
T e c h n o l o g y
PVRs
eReaders
Mobile Banking
“It is a well known fact Australians are early adopters of
technology and with mobile device technologies
continuing to converge, consumers are using their
mobile phones and netbooks to download, store, and
transfer more multimedia content such as music, video,
and photos than ever before”
Richard Clarke, ANZ National Sales Manager,
Lexar Media, Computerworld.
Social Media
Online payments
Australia – means opportunities
Talent Australia’s multilingual workforce is one of the
most educated in the world. Investors can access
highly skilled, innovative workers who are equally
at home in both western and Asian cultures.
• Highly Skilled Workforce
Highly Skilled Workforce
Australia – means opportunities
• A diverse multicultural labour force
A diverse multicultural labour force
Australia – means opportunities
• Australia has a great quality of life
Australia has a great quality of life
Australia – means opportunities
Location Australia is strategically located within the high
growth Asian region and bridges the world’s
major time zones.
Well-established trade networks in the highest
growth region
Australia – means opportunities
1st step for expansion to Western Europe and
North America
Australia – means opportunities
• 60 years of two-way trade growth with Asia
60 years of two-way trade growth with Asia
Australia – means opportunities
Australia is a top destination for Foreign Direct
Investment
2010
South Korea
China
Canada
Hong Kong
USA
+62%
+41%
+32%
+23%
+20%
2011
Luxembourg
Canada
UK
Switzerland
Netherlands
+61%
+35%
+28%
+10%
+9%
China +89%
Singapore +29%
Belgium +20%
Canada +18%
USA
UK
Japan
Netherlands
Switzerland
$122.4 billion
$69.7 billion
$52.3 billion
$32.9 billion
$23.0 billion
• Foreign Direct Investment stock in
Australia grew 6.6% to A$507 billion
in 2011¹. ¹ Australian Bureau of Statistics, International
Investment Position, 2011 (released 3 May 2012)
• Top 5 Countries investing in Australia:
• CAGR$ since 2006:
• Foreign Direct Investment flows year on
year growth in 2010 and 2011 came from:
Australia – means opportunities
Service the world
Australia – means opportunities
Business Australia makes it easy to do business in one of
the world’s most transparent and well-regulated
business environments.
Australia makes it easy to do business
Australia – means opportunities
• A sophisticated financial services sector - over A$5 trillion in assets banking, capital markets (ECM, DCM, M&A), risk management – A$3.2 trillion Banking Industry
– A$1.3 trillion domestic market capitalisation with 1,959 listed entities
– A$1.9 trillion funds management industry
– A$ is 5th most traded currency globally
• 16 domestic banks and more than 40 foreign banks for business banking, includes leading banks from Asia, Europe and North America
• Banks are some of the most secure in the world and remained profitable through the financial crisis
Sophisticated capital markets provide access to
finance
Australia – means opportunities
Opportunities
Tourism Infrastructure in
Australia
• A$96bn industry ($140bn target by 2020)
• Globally, Australia is … – 48th for arrivals
– 7th for tourism receipts
– 1st for spend per visitor1
• Highest Occupancy Rates in OECD2
– Perth 86.0%
– Sydney 85.1%
– Brisbane 80.8%
– Melbourne 80.5%3
• RevPAR to grow 4.3% pa as demand continues to outstrip supply3
• Aviation capacity to increase 50% by 20204
1 World Tourism Organisation (UNWTO)
2 OECD, Tourism Trends and Policies 2010 and
3 Deloitte Access Economics, Tourism and Hotel Market Outlook.
4 TFC cited in Tourism Research Australia (2011), State of the Industry
Proposed $2.6bn Elizabeth Quay
redevelopment project in Perth Australia – means opportunities
Clean Technology in
Australia
• An industry poised for growth
• Government policies – Carbon price
– RET 20% by 2020
– R&D Tax offset
– $10 billion Clean Energy Finance Corp
– $3.2 billion Renewable Energy Agency
– $1.2 billion Clean Technology Program
• Abundant and diverse resources – 90% of land absorbs over 1,950 KWh of sunlight per
metre per year
– Non-volcanic geothermal resources with temps up to 280ºC
– Strong westerly winds up to 10 mps in southern Australia
– Wave energy capacity estimated at 170,000 MW
Australia – means opportunities
Infrastructure in Australia
• Public Infrastructure – A National Infrastructure Construction Schedule
www.nics.gov.au
– Roads, rail, ports, airports and social infrastructure
– Private financing for 25 years
• Strong Fundamentals – Population growth
– High urbanisation rates -> congestion
– Freight transportation growth
– Aging population
• Freight projections to 2030 – Truck traffic to grow 50% to 8.5 billion kms
– Rail freight to grow 90% to 445 billion tonne kms
– Shipping containers to increase by 150% to 15.4 million
– Air freight to grow over 100% to 11.4 billion tonne kms
Australia – means opportunities
Biotechnology in Australia
• Industry revenue A$6.7 billion 2012-13e¹ • 6th largest market globally¹ • Industry employment over 16,000¹ • ~470 biotech companies, majority in human therapeutics¹ • R&D expenditure of US$583million in 2011² • Quality universities, public and private research institutions
• Active drug development pipeline
– 1275 registered clinical trials in AUS/NZ, 2012³ – A$1 billion clinical trials p.a.⁴ – Clinical trial FDI A$450 million⁴
• Quality research infrastructure
– Australian Synchrotron
– Advanced life sciences super computing facilities
– Dedicated proteome centre
• R&D tax incentives
• Robust regulatory framework
¹ IBIS World, Biotechnology in Australia, August 2012 ² Ernst&Young, Beyond borders Global biotechnology report 2012 ³ www.anzctr.org.au, database statistics, cited February 2013 ⁴ Department of Innovation, Clinically Competitive: Boosting the business of clincal trials in Australia, 2011
Australia – means opportunities
Digital Economy & ICT in
Australia
• A$63 billion ICT industry expenditure (2013f)
• Scientific discoveries and developments – The 802.11 technology behind Wi-Fi
– ‘Gi-Fi’ – Giga-bit wireless
– Open Kernel Labs software deployed in over a billion mobile phones
– The Ultrasound Scanner
– Google Maps
• Roll out of the National Broadband Network – Up to 100 mbps over fibre, wireless, satelite to 100% of
premises
• FDI: R&D facilities by Google, Canon, Citrix, Unisys and SAP
• R&D Tax incentives, National Strategy for a Digital Economy
• KEY Sub - Sectors – Cloud computing and digital infrastructure
– Advanced ICT Research & Development
– Remote automation, simulation and visualisation
Australia – means opportunities
Agricultural Science, Food
Technology and Processing
• The A$210 billion Australian agricultural sector is positioned to meet increased global demand
– Stringent food safety protocols
– Global leader in food safety
– Large areas of arable land
– Diversity – temperate, varied climate
– Global top 5 producer of barley, beef, wine and meat
– A strong track record of Innovation and R&D
– Export ready - 60% of all processed food is exported
• An open FDI environment
– significant foreign investment in dairy, sugar and red meat processing
– 99% of all investments in 2010 were approved
Australia – means opportunities
Oil and Gas in Australia
• Unconventional Gas – Large, untapped reserves of shale and CSG
– Estimated shale gas resources sufficient to meet domestic gas usage for 400 years
– Proven plus probable reserves of CSG estimated at more than 130 years of production life
• Oil and conventional gas – $28 billion (annually) industry contributes 58 per cent
of domestic energy
– 7 “mega” LNG projects committed and over 29,000km of pipeline
– LNG, gas and petroleum account for over 70 % value of committed projects
– world’s fourth largest exporter of LNG
– LNG exports projected to increase threefold by 2016–17
Australia – means opportunities
• Australian food safety record attracts Korean food giant
• CJ Nutracon was established in 2006, in rural Queensland, Australia - the ideal disease-free country
• The facility’s location is in close proximity to Australian beef producers and is situated in one of Australia’s top food regions and has easy access to coastal ports
• Australia’s reputation for food safety has assisted CJ NutraCon in building consumer confidence in its home market
“It is well known that Australia has a clean environment, and this is important for us to ensure our products are fresh and of the best quality.” • Mr Jay Jeong, Managing Director, CJ NutraCon
Australia – means opportunities
How We Help
The Australian Trade Commission, in cooperation with State and Territory governments, provides free and confidential assistance
– National coordination of Australian government investment services
– Information on the Australian business and regulatory environment
– Market intelligence and investment opportunities
– Identification of suitable investment locations and partners in Australia
– Advice on Australian government programs and approval processes
How we can help you
Austrade’s Investment Network
Australia – means opportunities
Want to learn more? www.austrade.gov.au/invest
www.austrade.gov.au/korea