Investments
Australia is very open to foreign investments and actively encouraging foreign companies to enter and operate in the country. In fact, more than 840 international companies are headquartered in Australia for the region of Asia. Such companies like IBM, NEC, Philips, and Compaq are based in Australia.
The country is aware of how important the role of investment is in stimulating economic growth, developing competitive industry, creating new jobs and boosting exports. The volume of foreign investment in Australia on 31 December 2010 amounted to US 1.97 bln.
Similarly, Australian investments abroad are crucial for the development of regional and international marketing strategies and provide Australian companies access to global business connections. The volume of Australian investment abroad amounted to US 1.18 bln in 2010.
Australia's investments (31 December 2010)
Level of Australian investment abroad (US$m) 1,185,704
Level of foreign investment in Australia (US$m) 1,967,806
Top five foreign investors in Australia (2010)
1. United States
2. United Kingdom
3. Japan
4. Singapore
5. Netherlands
Top five Australian investment destinations (2010)
1. United States
2. United Kingdom
3. New Zealand
4. Canada
5. Germany
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