MOU to boost trade and investment
The LGAQ and the Queensland State Government have signed a memorandum of understanding that formalises the agreement to work with councils to boost trade and investment.
Premier and Minister for Trade Annastacia Palaszczuk and LGAQ President and Sunshine Coast Mayor Mark Jamieson said the Memorandum of Understanding (MOU) between the Queensland Government’s global business agency, Trade and Investment Queensland, and LGAQ would give small and medium businesses greater support to expand into international markets.
“We are also keen to make sure regional councils are well-equipped to identify and promote regional investment opportunities,” the Premier said.
“Local governments understand the positive impact that export success and investment can have on local economies. By working together, we can further strengthen Queensland’s export performance.
“For its part, the LGAQ has recently hired a senior trade and investment advisor to work with the State’s 77 local councils and with TIQ.”
LGAQ President and Sunshine Coast Mayor Mark Jamieson said local councils had a deep knowledge of their local economies and how they could benefit from more and better trade and investment activities.
“They know which local businesses want to export or have the capacity to expand into overseas markets,” Mayor Jamieson said.
“They understand the importance of being on the front foot in attracting investor interest in their regions which means competing in the global market using all the tools and resources they can muster.”
The MOU is one of the key initiatives of the Advancing Trade and Investment: Queensland Trade and Investment Strategy 2017-2022, launched by the Queensland Government last year.
The strategy aims to increase the state’s share of national overseas exports to 22 per cent and boost the number of Queensland Government-assisted investment outcomes by 20 per cent by 2022.
Local Government Association of Queensland
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