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Australia Forges Stronger Business Ties with Bay Area CEOs; Government in Q&A with Rich Karlgaard on Why Australia is Investment and Business Expansion Hot Spot.


Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--June 7, 2004

Australia is stepping up its profile in the U.S. buoyed by the recent signing of a Free Trade Agreement and a glowing KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 report that says Australia is the best place to do business in the Asia Pacific. (www.competitivealternatives.com)

As part of this effort, Australia's Minister for Industry, Tourism and Resources Ian Macfarlane Ian Macfarlane is a name shared by several people:
  • Ian Macfarlane (politician) (born 1955), an Australian politician
  • Ian Macfarlane (economist) (born 1946), an Australian economist and former governor of the Reserve Bank of Australia
  • There is also
 will be guest of honor at a CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  dinner co-hosted by Rich Karlgaard Rich Karlgaard is publisher of Forbes magazine since July 1, 1998. Before that, he was editor of Forbes ASAP.

A native of Bismarck, North Dakota, he graduated from Stanford University, with a B.A. in Political Science.
, Publisher of Forbes Magazine in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , June 8, 2004.

Karlgaard will conduct one of his renowned Q&A style interviews with Macfarlane MacFarlane or Macfarlane is a surname shared by:
  • Alan Macfarlane (born 1941), a professor of anthropological science at Cambridge University
  • Alexander Macfarlane (mathematician) (1851-1913), a Scottish-Canadian logician, physicist, and mathematician
, a first for an Australian Government member, in front of a select guest list of CEOs representing Bay Area businesses and investment houses.

According to Robert Hunt, Senior Investment Commissioner for North America, Australia offers unmatched advantages to U.S. firms wanting to expand their operations in the Asia Pacific region.

"Some of the benefits U.S. firms have experienced first hand in Australia include: a robust economy with attractive investment tax arrangements, a great market for technology; a highly educated, English speaking population with strong cultural and business commonalities and ties with the US; a skilled multilingual workforce; strong IP protection and US style laws and business practices," Hunt said.

"Australia is also strategically located in time zones that span the Asian and US business day."

"The highly educated workforce and Australia's international reputation for excellent science and focus on R&D in tech and biotech also has immense appeal for U.S companies in emerging technology sectors looking to Asia."

About Invest Australia - USA

Invest Australia is Australia's national inward investment agency, set up by the Australian Federal Government in 1997 to attract productive foreign direct investment into Australia to support sustainable industry growth and development. Invest Australia has investment advisory specialists in 11 locations around the world, including San Francisco and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, to provide investors with on-the-ground support and investment advice. Since 1997 Invest Australia has helped a wide range of international businesses invest in Australia and, today, is currently working with companies on projects with potential investment in Australia of more than USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
$60 billion.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 7, 2004
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