NSW to open international office in the US

20 October 2011

The NSW Government plans to open an international business office in the United States in the next few months, Deputy Premier and Minister for Trade and Investment Andrew Stoner said.

"The NSW Government is strongly focused on expanding our international markets as part of our commitment to rebuilding the State’s economy. We must promote NSW in our established markets as well as in emerging markets," Mr Stoner said.

"The largest of the established markets is the United States which, as Australia’s largest foreign direct investor, delivers substantial value to the NSW economy and opportunities for its further growth.

"The San Francisco office will drive investment and promote exports and the research and development capabilities of our key industry sectors. These include digital services, ICT and financial services where we have a competitive advantage."

Mr Stoner said San Francisco was the ideal US location for the NSW office because of emerging industries concentrated around venture capital and ICT hubs in Silicon Valley. The San Francisco Bay area and Silicon Valley are home to more than 4,000 information technology firms, including many industry leaders.

"Establishing an on-the-ground presence will allow the NSW Government to effectively promote, access and maintain key corporate and government relationships and match NSW strengths to opportunities in the US."

NSW has international offices in Guangzhou and Shanghai in China, Mumbai in India, and Abu Dhabi in the United Arab Emirates.