Promoting Victoria On The World Stage

Treasurer Tim Pallas today began a two-week international visit to promote Victorian industry and infrastructure investment opportunities, and discuss the latest economic trends and considerations with key global partners.

In co-operation with the Victorian Funds Management Corporation, Mr Pallas will visit China to meet with global ICT solutions provider Huawei at their global headquarters, to tour the facility and discuss the latest ICT trends.

Travelling on to London and then New York, before finishing in Chile, the visit will provide for one-on-one engagement with key players in the international business community, helping to generate further overseas investment interest in Victoria.

Mr Pallas will also meet face to face with international credit rating agencies to provide an update on Victoria’s positive economic growth story and the progressive policy development of the Andrews Labor Government.

Victoria’s economy is currently the powerhouse of the nation – with final demand growing faster than any other state and creating more jobs than every other state combined.

The most recent data released by the Australian Bureau of Statistics shows that Victoria’s State Final Demand grew by 4.5 per cent in the year to March 2017 – almost triple the national average.

Prudent management of the state’s finances and the Labor Government’s record investment in infrastructure is allowing the Victorian economy to go from strength to strength.

The visit follows an extensive tour of metropolitan and regional Victoria during the past eight weeks to discuss the Victorian Budget 2017/18 initiatives and the ongoing economic growth of Victoria with business and local government leaders.

Quotes attributable to Treasurer Tim Pallas

“This is an opportunity to promote Victoria’s economic prosperity and strength on the world stage with key overseas investors.”

“We have to ensure we remain closely in touch with and take advantage of the latest global investment, technological, political and economic trends, to further boost our state’s flourishing economy.”