South Australia’s Trade & Investment Strategy to 2030 launched
The most comprehensive strategy of its kind has been launched today aimed at attracting investment and increasing exports amid global trade uncertainty.
South Australia’s Trade and Investment Strategy to 2030 is designed to coordinate effort across government and industry to boost the state’s economic growth through improved export and investment outcomes in global markets where South Australia has competitive advantages.
This includes emerging markets such as India, the fastest growing economy in the world, and Southeast Asia, home to a rapidly expanding middle-class.
Clear objectives to capture a larger share of national exports and to attract high-impact investments leading to the creation of more jobs are outlined within the strategy:
- Increasing exports as a percentage of South Australia’s economic output from 15.4 per cent to 18 per cent
- Increasing investment as a percentage of national Foreign Direct Investment share to five per cent and increasing the diversity of the source countries
- Increasing the number of South Australian exporting businesses and increasing the diversity of exporters across sectors
- Improving trade and investment outcomes for First Nations, regional and women-led businesses
- Increasing the number of South Australian jobs linked to export and investment.
Up to 230,000 South Australian jobs are linked to exports, while 23,650 jobs have been created through $20.1 billion in capital investment in the 10 years to 2023-24. Since being re-established, Invest SA has attracted close to $3 billion of investment into South Australia.
Led by the Department of State Development, the Trade and Investment Strategy to 2030, details a set of strategic pillars, programs and initiatives – including the recently announced $3.9 million Global Wine Growth Program.
The two-year export program, co-designed with industry and in partnership with the South Australian Wine Industry Association (SAWIA), will provide an uplift in support for local wine exporters as ongoing challenges continue to impact the global trading environment.
The wine sector, a key industry for South Australia, will drive offshore engagement through targeted business missions, supported by government and industry partnerships, leveraging major events and utilising government trade advisory services.
Other key sectors identified within the Strategy include food and agribusiness, renewables, defence and space, tourism, mining and mineral processing, international education, critical and emerging technologies, health and medical.
Learn more about South Australia’s Trade and Investment Strategy to 2030