500,000 Jobs thanks to EU investment (Parliamentary Secretary for Trade)

Media release

23 November 2009
 
Parliamentary Secretary for Trade, Hon. Anthony Byrne MP, today acknowledged the value of Australia’s ongoing relationship with our biggest trade and investment partner, the European Union (EU), for its contribution to 500,000 extra jobs in the Australian economy.

 
Speaking at an Austrade-hosted meeting with EU Ambassadors, Mr Byrne said it was not widely known that the European Union is the largest foreign direct investor in Australia, indeed Australia’s largest overall source of foreign investment.

 
“At the end of 2008, for example, European nations had invested 34 per cent of Australia’s total FDI, or about A$133.2 billion,” said Mr Byrne.

 
Full media release:
http://www.trademinister.gov.au/parlsec/releases/2009/ab091123.html

 
ENDS
 

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