8 October 1995
"With the backing of the Government and industry, NTIOC has become one of the major international business forums in the Asia-Pacific region," Senator McMullan said.
"NTIOC provides a forum for key business executives from around Australia and the region to exchange information and ideas and to do business.
"The result is new global business opportunities for Australian companies and their regional counterparts.
"An independent survey conducted after last year's conference, and subsequent feedback from Australian overseas missions, indicates that flow-on business from NTIOC was worth many hundreds of millions of dollars."
The 1994 NTIOC Conference was attended by 1300 people, including specially-hosted international delegations. One country's delegation estimated that new business worth $500 million over five years could result from last year's conference
Senator McMullan said that feedback from the international delegates indicates how impressed they are with Australia's approach to doing business in Asia.
"It is particularly pleasing that international business visitors left NTIOC'94 with a greater understanding and appreciation of the level of technological innovation in Australia's manufacturing and services industry.
"And, significantly, the survey shows how serious the visiting delegations are about doing business with Australia," Senator McMullan said.
"Many of the international participants at NTIOC'94 have made return visits to Australia to pursue business opportunities identified at the time."
NTIOC'95 is focusing on nine key markets: Brazil, Hong Kong, India, Indonesia, Japan, People's Republic of China, The Philippines, South Africa and the United Kingdom.
Nine key industry sectors will be featured at NTIOC'95:
- building and construction
- environmental technology and services
- food processing and distribution
- global financial services
- health services and medical equipment
- mining technology, services and equipment
- information services - multimedia, information technology and software
- telecommunications
- and transport infrastructure (ports, roads, aviation, rail).
Industry-specific delegations from Korea (environment technology), Taiwan (multimedia) and Malaysia (health) will also attend.
NTIOC'95 will also include special sessions on regional development and Northern Australia.
Keynote speakers include:
- The Hon. Mr Trevor Manuel, South African Minister for Trade and Industry
- His Excellency Dr Haryanto Dhanutirto, Indonesian Minister for Communications
- The Hon. Mr P Chidambaram, Indian Minister of State for Commerce
- Dr Victor Fung, Chairman of the Hong Kong Trade Development Council
- and Ms Gloria Tan Climaco, Chairman of Sycip Gorres and Velayo, one of Asia's largest accounting houses.
Further information:
Senator McMullan's office: John Flannery, (06) 277 7420
NTIOC Secretariat: David Jones, (06) 261 2201