News

Special Joint Chambers Event with The Hon. Gladys Berejiklian MP

10 November, 2017 | Sydney

The Spanish Australian Chamber of Commerce, La Camara, was pleased to provide members and non-members the opportunity to attend this exclusive event with the NSW Premier, The Hon. Gladys Berejiklian MP, in her inaugural address to Sydney’s International Business Community.

This event was organised by the The American Chamber of Commerce in collaboration with The Australian British Chamber of Commerce, German-Australian Chamber of Industry and Commerce and the French Australian Chamber of Commerce.

The Premier addressed ‘The NSW Boom and How Trade Will Benefit the State’. New South Wales is in an enviable position. In 2015-16 New South Wales enjoyed economic growth of 3.5 per cent, outpacing every other state and territory in Australia.

The outlook remains strong. Business investment, public infrastructure and dwelling construction are all exhibiting strength, lifting construction activity and employment in the State to record levels. Service exports are also contributing strongly to economic growth, underpinned by overseas visitors and international student enrolments.

The NSW economy will continue to benefit from low interest rates, a lower Australian dollar, strong demand from Asia, above trend population growth and an historically large infrastructure and residential construction pipeline. The key drivers of growth in the near term are forecast to be overseas exports, dwelling investment and public capital expenditure.