Australia seeks to boost services exports

·1-min read

The Morrison government wants to boost Australia's service industry exports beyond traditional successes in education and tourism.

Trade Minister Dan Tehan wants to help businesses find new overseas markets that will drive growth and create jobs.

"Our government is supporting Australia's services businesses to capitalise on untapped export potential," Mr Tehan said on Tuesday.

He said Australia had long benefited from its expertise in a wide range of sectors including architecture, engineering and legal services, health and finance, to digital communications and logistics.

"The Morrison government will continue to work with industry to boost our international competitiveness and assist Australian businesses to succeed in global markets," Mr Tehan said.

He said Australia was boosting trade and investment ties with India through a new business exchange program.

The scheme aims to provide businesses in both nations with market insights and connections to foster commercial partnerships.

"Australia and India already share common values, interests and histories and the Australia India Business Exchange will strengthen that friendship," Mr Tehan said.

India was Australia's eighth largest trading partner and third-largest market for services export in 2019/20, with two-way goods and services trade totalling $26.2 billion.