Report: US-Australia investment relationship tips A$1.47 trillion
17 Aug 2017
The Australian Treasurer, Scott Morrison MP, has launched the Indispensable economic partners: The US–Australia investment relationship report, tweeting ‘it is a timely reminder of the deep ties we have with the United States’.
Produced by the United States Studies Centre at the University of Sydney (USSC) with support from the American Chamber of Commerce in Australia (AmCham), the report is a comprehensive analysis of the investment relationship between Australia and the US, its largest direct investor.
Simon Jackman, USSC CEO, says the report is a key part of a broader effort to help Australians understand the depth and importance of Australia’s economic relationship with the US.
‘The stories of numerous American corporations and their investments in Australia – as well as Australian companies investing in the United States – highlight the long history and ongoing value of the investment relationship,’ he says.
The cumulative two-way investment relationship between the US and Australia is worth more than A$1.47 trillion – almost as large as Australia’s gross domestic product.
Niels Marquardt, AmCham CEO, described the US–Australia investment relationship as ‘unsurpassed but under-appreciated’.
‘This may be the “Asian Century”, but this study also helps unpack how American investment has made it possible for Australia to benefit so much from opportunities in Asia,’ he says.
‘It is safe to say that, without American investment, technology, talent and equipment, Australia’s engagement with Asia would look significantly different.’
Read the report for a historic overview of US foreign direct investment into Australia, company case studies on leading US companies (including Google, Cisco, Costco and Boeing), survey results from academic and business leaders, an overview of the importance of US capital markets to Australia, and unique infographics and economic charts.