Minister for Trade and Investment Andrew Robb has today announced a major new initiative to promote deeper business links with the United States, the world’s largest economy.

The inaugural Australia-US Business Week (AUSBW) will be staged across six major cities in the United States in February 2016. A series of high-level events will focus on trade, investment, innovation and tourism

“This event will be the premier business-to-business component of the Government’s efforts to strengthen our commercial ties with the US, a global leader in innovation and our top two-way investment market,” Mr Robb said.

AUSBW will begin on February 22, taking in cities including Boston, Chicago, Houston, Los Angeles and San Francisco. It will culminate in New York on 25-26 February. 

Mr Robb will lead a significant delegation of Australian companies from agribusiness and food science, digital technology, medtech, tourism and resources and energy in a series of market briefings, investment roundtables, industry summits and site visits. 

The program will showcase the capability of both countries and provide a forum to discuss possibilities and challenges presented by innovation and disruptive technologies.

“We already have a strong commercial relationship with the United States, anchored by the Australia-US Free Trade Agreement, but technology is creating new possibilities and our global architecture is changing thanks to Australia’s landmark free trade deals with Asia and also the Trans-Pacific Partnership (TPP) Agreement,” Mr Robb said. 

AUSBW builds on the Government’s efforts to bolster its resources in the US, both to attract investment and to help Australian business collaborate and scale up innovative enterprises.

Today Mr Robb also announced the appointments of former investment banker Alastair Walton as Australia’s new Senior Trade Commissioner and Consul General to Houston and former Tasmanian Irrigation CEO Chris Oldfield who will be our Senior Trade Commissioner and Consul General to San Francisco. 

These appointments will help ensure the success of AUSBW, which is part of an expanded series of Australia Week trade missions and promotional events funded in the 2015-16 Budget.

AUSBW follows Australia Week events in China and India and will complement other public and economic diplomacy initiatives in the United States, including the flagship G’day USA program. Next month Mr Robb will also lead a significant business mission to Indonesia.  

AUSBW will also build on Austrade’s work with the CSIRO in leveraging Australian ideas and innovation, growing partnerships and building entrepreneurial success.

Companies interested in participating In Australia-US Business Week can access more information from the Austrade site at www.austrade.gov.au/ausbw2016

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