Ian Goodenough (Moore, Liberal Party) Share this | Link to this | Hansard source

The Australia Singapore Exchange Conference is being held in Perth this Friday, with delegates from Singapore travelling to Western Australia to network with representatives from the WA business community. Our objective is to strengthen the trade and investment relationship between our nations. On behalf of the parliament, I would like to acknowledge the exemplary work of the organising committee of the Australia Singapore Exchange Conference, in particular Paul De La Cruz, Susan Toby, Nicholas Tay, Christopher Byles, Clinton Cheng , Louise Wang, Faith Tay, Henry Heng and Roy Yeo.

In 2015, Australian investment in Singapore reached $67 billion, whilst Singaporean investment in Australia amounted to $98 billion. In terms of services, Singapore is our fourth largest trading partner, with international services amounting to $9.7 billion annually. Singapore is our 11th largest trading partner in terms of merchandise trade, with combined imports and exports totalling $13 billion in 2015-16.

I look forward to delivering a keynote address at the conference, promoting sectors of the Western Australian economy which are attractive for Singaporean investments, including mining, resources and energy, hospitality and tourism, retail and wholesale, property development and land subdivision, agriculture, food processing, agribusiness and fisheries, and the development of northern Australia.

Tony Smith (Speaker) Share this | Link to this | Hansard source

In accordance with standing order 43 the time for members' statements has concluded.