22 key investors from a variety of industries across Australia will travel to Washington, D.C. to take part in the SelectUSA Investment Summit from June 18-20, 2017. The Summit is the highest profile event to connect global companies and U.S. economic development organizations (EDOs) to facilitate business investment in the United States.
“We are entering a new period of economic revival in the United States,” said U.S. Secretary of Commerce Wilbur Ross. “This is an exciting time for global companies to explore the U.S. market and find partners that can help them create a footprint, expand operations, and achieve growth. There is no better place to make those connections than this Summit.”
Australia is the 12th largest foreign direct investor in the United States, with a total stock of over $45 billion in 2015. From toll roads, to retail, to energy infrastructure, to defense, Australian investment employs almost 100,000 American workers across the United States.
During his April 2017 visit to Sydney, U.S. Vice President Mike Pence announced to Australian business and government leaders that “the United States is far and away Australia’s largest economic partner – not just in the region, but across the entire world. All told, our economic partnership is worth a stunning $2 trillion – and investment has grown by 50 percent in the last three years alone.”
“We are thrilled to welcome 22 Australian business leaders to the Summit next week,” said Jim Carouso, Chargé d’Affaires at the U.S. Embassy in Canberra. “As the United States’ premier FDI event, the SelectUSA Summit brings business opportunities and resources from across the United States together in a single place, enabling participants to complete what would otherwise be weeks of work in fewer than three days.”
To date, representatives from 51 U.S. states and territories and more than 65 international markets have registered for the 2017 Investment Summit.
It is worth noting that the benefits of trade and investment between the United States and Australia flow both ways. The more than 1,000 U.S. companies currently operating in Australia employ over 300,000 Australian workers. Trade in goods and services between the United States and Australia in 2016 exceeded $62 billion, a near doubling of bilateral trade since the Australia- U.S. Free Trade Agreement went into force in 2005.
Learn more about the Investment Summit and see the Summit agenda here: http://www.selectusasummit.us/
Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investors. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps investors find the information they need to make decisions; connect to the right people at the local level; navigate the federal regulatory system; and find solutions to issues related to the federal government. For more information, visit www.selectusa.gov.