none

GIVING REGIONAL BUSINESS ACCESS TO GLOBAL MARKETS A KEY PRIORITY

22-08-2015
by 
in 

Support for the deepening of global connections for regional business in Victoria should be a key priority, says the Victorian Employers' Chamber of Commerce and Industry (VECCI).

At its recent Victoria Summit 2015 – Regional Victoria, in Bendigo, VECCI chief executive Mark Stone said regions should focus on new business opportunities that will benefit the local economy, and the state more widely.

VECCI’s Victoria Summit 2015 policy paper, Regional Victoria Means Business, contains a number of recommendations to support regional global business connections including:

·       Develop a strategy and action plan to leverage regional opportunities created by Free Trade Agreements and assist Victorian regional SMEs to take advantage of these.

·       Fund a new $5 million Regional Trade and Investment Ready Program, delivered by industry, to identify and support Victorian regional SMEs seeking inward investment. 

·       Allocate $2 million to create a Regional Small Business: Global Opportunities promotion and information campaign to raise awareness among regional small business of export opportunities.

·       Grow the Victorian Jiangsu Business Program to help regional businesses develop new links, capabilities and mutually productive trade and investment opportunities with counterparts in China.

·       Accelerate the Food to Asia Action Plan to capitalise on Free Trade Agreements and stimulate employment in agribusiness and agrifood research, processing and distribution.

·       Expand successful models of regional leadership and development in communities that would benefit from a more structured leadership framework.  This will help enhance local vision and provide further support to locally driven strategic development, along with inter-regional collaboration.

The Victoria Summit recommendations will form the basis of VECCI’s regional business agenda into 2016 and beyond, including for VECCI’s 2016-17 state budget submission and the next federal election.

“We cannot expect Victoria’s economic performance to be strong without vibrant, outward looking and competitive regional business,” said Mr Stone.

Related news & editorials

  1. 18.06.2018
    18.06.2018
    by      In
    Queensland-based electronics design and manufacturing company, Hetech, is collaborating with selected local engineering companies to increase its design capacity of up to 20 engineers.
    With defence projects such as the LAND400: Phase 2 arriving in Queensland, collaboration between local engineers... Read More
  2. 15.06.2018
    15.06.2018
    by      In
    The NRMA has chosen Australian-made electric vehicle chargers from Brisbane-based Tritium to equip its $10 million network planned for New South Wales and the ACT. The network, which will be the largest in Australia, will comprise 40-plus charging stations that will be free to use for NRMA members... Read More
  3. 14.06.2018
    14.06.2018
    by      In
    Australia’s Collins Class submarine fleet is set to receive significant sonar upgrades this year in a project led by Raytheon Australia and Thales Australia.
    In announcing the commencement of the upgrade programme, Minister for Defence Industry, the Hon Christopher Pyne MP, said that as the... Read More
  4. 14.06.2018
    14.06.2018
    by      In
    Australian-founded Ainsworth Game Technology has expanded globally since being established in 1995, today representing the fifth-largest gaming manufacturer in the USA. The company boasts a new state-of-the-art US$40 million facility in Las Vegas, which produces thousands of gaming machines per... Read More