Posted on 09. Jun, 2010 in Victoria

A Latin America Trade Roundtable hosted by the Brumby Labor Government has this week marked Victoria’s increased focus on building more trade, investment and cultural links with the region to boost jobs in key local industries.

Industry and Trade Minister Jacinta Allan was joined at the roundtable last night by ambassadors and representatives from the Governments of Argentina, Brazil, Chile, El Salvador, Mexico, Peru, Venezuela, and Uruguay.

Ms Allan said the Brumby Labor Government had commissioned research into the business opportunities for Victoria in Latin America to identify more specific export opportunities that would help boost jobs back in Victoria.

“This is being fed into the development of our Latin America Vision Statement which will be launched shortly,” she said.

“The Vision Statement will provide Victorian exporters as well as cultural and sporting organisations with an insight into the opportunities on offer in Latin America.

“The research will look at opportunities in a broad range of areas including but not limited to international education, urban planning and event management.”

Ms Allan said Victoria would work to develop strong trade links with Central and South America as it had with the fast growing economies of China and India.

“Latin America is emerging as one of the most significant economic powerhouses in the world and is predicted to one of the driving forces of the global economy over the next 40 years,” Ms Allan said.

“Victoria’s two-way merchandise trade with Latin America has more than doubled over the last five years to over $1.5 billion while investment is also growing significantly.

“Several Victorian companies have already established significant business operations in Latin America – from BHP Billiton to Gekko Systems while Latin American investment in Victoria includes JB Swift and Mission Foods.”

Comments are closed.