NSW will shift away from a dependence on coal and international education exports over the next decade under a new trade and investment strategy aimed at diversifying the state economy and attracting $2.5 billion more in annual investment.
Launched on Saturday, the strategy formalises the Labor government’s attempt to reverse the upward trend of export product concentration over the past decade and rounds out new linked innovation, industry and trade policy.
With the three plans now in place attention turns to the upcoming state budget and what measures the Minns government will announce to support the policies.
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Disappointing to not see any health or medical product investment represented here, as a major value add industry of Australia’s that has multiple benefits- economy, jobs, health of Australians and mitigation of an ageing population; it makes sense to include this industry in an investment strategy for true long term benefits.