NSW is open for business and ready for business. NSW is open for business and ready for business. Our State is Australia’s Asian centre with a multi-cultural workforce and strong connections to the Philippines. The 2011 Census recorded over 70,000 Philippines-born people living in NSW. The Philippines-born and Filipino community is one of the fastest growing in Australia. NSW is Australia’s economic engine room boasting a highly innovative, productive and diverse economy. If NSW was a country, its economy would rank as the seventh largest in Asia. NSW is home to 11 universities, more than half the workforce is tertiary qualified, and close to one third of Sydney’s population speaks a language other than English. I am proud that NSW is unquestionably Australia’s best State to do business. That is why more than 40 per cent of the top 500 blue chips call it home. I hope in the future you will do business in NSW as well. Barry O’Farrell MP Premier of New South Wales
Australia’s largest and most diverse economy
The NSW State economy is the largest and most diverse in Australia, with the total value of goods and services produced in the State higher than for many national economies in the Asia Pacific. Services comprise 85 per cent of NSW’s industry output, highlighting the strength of the State’s knowledge-based business services, ICT and creative industries.
NSW dominates the nation’s information media and telecommunications industries, as well as the tourism-related accommodation and food services, and arts and recreation services industries. NSW also has the largest retail, transport, postal and warehousing, construction and administrative and support services industries.
HONG KONG SINGAPORE
NSW rated by S&P and Moody’s
A$64
MALAYSIA
NSW
NSW economy is larger than Hong Kong, Singapore and Malaysia
billion
NSW finance industry economic contribution in 2011-12
Australia’s economic powerhouse Sydney is recognised the world over as a major financial centre. With a time zone similar to its ASEAN neighbours, NSW bridges the close of the US and the opening of European markets. Finance and insurance is the largest industry in the State, making up 44 per cent of the national financial and insurance services industry. Forty-eight of the 63 international financial institutions with operations in Australia have chosen Sydney as their Australian headquarters. With a total value of US$1.67 trillion, Australia now has the third largest pool of investment fund assets in the world and the largest pool of funds in Asia, which is larger than Australia’s GDP.
Australia’s economy – both during and since the GFC – has become recognized as one of the world’s most resilient. Your currency is now the world’s fifth most traded and regionally – if not globally – has assumed the kind of safe haven status that was once almost exclusively assigned to the US dollar. Peter Grauer, Chairman of Bloomberg.
Infrastructure for the future Infrastructure development is a major focus for NSW. The NSW Government will invest A$59.6 billion in infrastructure to 2013–16 with a range of projects including motor ways and highways, transport and hospitals. The Government welcomes foreign investment in infrastructure projects. Australia is a world leader in the successful use of Public Private Partnerships (PPPs). The NSW green building industry is an ideal partner for developing green projects globally. Central to the success of the State’s green building industry is the world-leading National Australian Built Environment Rating System (NABERS). Established in 1998 by the NSW Government, this tool is now used across Australia to rate and compare the environmental performance of commercial offices, shopping centres, hotels and data centres.
A$59 billion
NSW Investment in infrastructure over the next 4 years
The Government welcomes foreign investment in infrastructure projects. Australia is a world leader in the successful use of Public Private Partnerships (PPPs).
Top flight education and research NSW is a significant exporter of educational services and research and development expertise. Educationrelated services are currently the second largest export earner for NSW after coal. The State has the largest research sector in Australia, a country ranked first in the Asia Pacific for the quality of its research institutions, and eighth worldwide by the World Economic Forum survey. NSW has outstanding research capacities across a variety of areas including food safety and security, environmental management, climate systems, communications technology, agriculture, health and medical research.
NSW is home to world-class universities, with the University of Sydney and the University of New South Wales ranked in the world’s top 100. Businesses in NSW invest A$6.3 billion in R&D each year and NSW dominates the IT and creative industries with close to 40 per cent of the nation’s creative and digital workforce calling Sydney home. The NSW Government is pursuing initiatives to ensure that research outcomes are co-developed with the State’s leadingedge companies, as well as the major international firms that call NSW home, to improve the competitiveness of their products and services.
A$6.3b
invested in R&D each year by business in NSW.
Education Tocal College is a Registered Training Organisation operated by the NSW Department of Primary Industries (DPI). The college is a specialist provider of education, accredited training, and workforce development solutions in agriculture and natural resource management.
The NSW Government is pursuing initiatives to ensure that research outcomes are co-developed with the State’s leading-edge companies, as well as the major international firms that call NSW home, to improve the competitiveness of their products and services. Tocal College courses are renowned Australiawide for their practical training, development of industry-relevant skills and experience in general agriculture, beef cattle, dairying, rural business management, sheep production, cropping and conservation and land management.
As a leader in full-time and part-time agricultural courses, short courses and distance education, Tocal College has 121 full-time internal graduate students and 229 external graduate students. More than 3020 participants choose to study from the 50 plus short courses on offer.
A safe and secure food source The A$12 billion NSW agriculture industry produces some of Australia’s finest food, wine, grain and wool. NSW has the most diverse agricultural production of any State in Australia, because of its varied climate, ranging from sub-tropical, to alpine, to semi desert. Up to 10 million tonnes of wheat is produced each year in NSW. Other major agricultural exports from the highly productive State include, beef, cotton, wool and wine. NSW is determined to maintain its strong reputation as an industry leader and is actively managing the State’s natural resources for future generations.
10m
tonnes of wheat is produced each year in NSW.
Clean Energy NSW is the smart choice for companies looking to position themselves in the low carbon economy of tomorrow.
The State also has in place a waste and environment levy to reduce waste disposal and an increased recycling target from 26 to 66 per cent by 2014.
The State is home to a wide range of cleantech businesses that are not only leading the country, but also the world, in helping reduce energy consumption.
NSW established the world’s first mandatory greenhouse emissions trading scheme in 2003. With the State’s strengths in financial services, NSW is well positioned to capture emerging carbon market opportunities in the Asia Pacific.
NSW has set a target for 12 percent of Sydney’s water to be recycled by 2015 - that’s 70 billion litres of water every year – and for 4,000 GWh of annual electricity savings by 2014.
12 percent of Sydney’s water to be recycled by 2015.
How can we help? NSW Trade & Investment is the NSW Government’s economic development agency. We are your first point of contact for advice on doing business in NSW and can provide you with: > information to assist business planning > intermediary support with telecommunications, recruitment, training, property and other business service providers > help with site selection and advice on issues affecting projects > assistance with government regulations and approval processes > advocacy within government > introduction to business and industry associations and networks > introductions to NSW exporters and suppliers > support on a case-by-case basis
Trade & Investment
Sydney Office Level 47, MLC Centre, 19 Martin Place, Sydney, NSW 2000 GPO Box 5477, Sydney NSW 2001 Australia Tel: +61 2 9338 6600 Fax: +61 2 9338 6950
www.sydneyaustralia.com