Govt plans Industry Statement to set future directions

Statement to set future directions to maintain momentum for decades ahead

Industry Minister Ian Macfarlane has announced a "landmark development" in setting the future policy direction for Australian industry.

Mr Macfarlane said the Government's new Industry Statement, to be finalised by early next year, will set the policy directions to maintain the country's present economic momentum over the next 20 to 30 years.

State-by-state roundtables

"(W)e are now entering an era of true globalisation, of communications advances that mean business without borders and the need for industry sectors to become regular contributors to global supply chains" Mr Macfarlane said. "We have a window of opportunity now, while our economic performance is so strong, to determine what comes next and build a foundation to ensure our strong business momentum is maintained," he said.

Mr Macfarlane will hold a series of state-based business roundtables, from the end of this month, to draw out company and industry association opinion.

Issues paper

An issues paper will be circulated to focus the roundtables of matters including:

1. export directions;

2. development of global linkages;

3. support for innovation;

4. new industry sector emergence; and

5. better creating value.

“There are many new challenges facing our industries, including the rise of low-cost competitors like China and India. The Statement will be a considered plan to tackle the challenges while also highlighting opportunity." Mr Macfarlane said. “The next decade will be pivotal to Australian industry. Now is the time to consolidate all that has been achieved in recent times while adjusting to powerful new trends in the global market".

First roundtable - Sydney

The first business roundtable will be convened in Sydney on 26/07/2006 and public submissions are also invited.

12 July, 2006

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