Precise Investors

Latest News

Greater role for high-margin services and technology: Ciobo

Australia’s reliance on high-volume commodities to drive trade performance creates a boom in the good times, but can also make this country vulnerable to the volatility of world markets.

The future, says Minister for Trade, Tourism and Investment, Steven Ciobo, will include a diversified export effort, with the high-margin services and technology sectors playing a greater role – sectors that are often driven by small and medium-sized enterprises (SMEs).

“Australia’s trade landscape is changing; we’re seeing a real growth in services exports, with a 9.5 per cent increase from 2015 with a total export value of $71.5 billion (£57.75 billion).

“We are committed to setting up Australian SMEs in the tech and digital sectors with the best possible resources to enable them to compete on a global basis. I’m seeing some of the greatest opportunities for export in the start-up and innovation space.”


This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

one × five =