Visit to advance India, Singapore trade links

by WA Government News | Apr 13, 2015
  • Premier to meet senior Government and industry representatives across mining, oil and gas, financial services and science
  • Will meet Prime Minister of Singapore

Premier and State Development Minister Colin Barnett will visit India and Singapore this week to further advance Western Australia’s trade and investment relationship with both countries.
Mr Barnett will travel to both Mumbai and New Delhi, and will meet senior national and provincial government officials, along with leading Indian resource companies including petroleum company Tata Petrodyne Ltd and the National Mineral Development Corporation, India’s biggest iron ore producer.
“India offers many economic opportunities for WA, particularly as it seeks to diversify its energy supplies, with liquefied natural gas imports growing at an average annual rate of 22 per cent over the past 10 years,” he said.
“This is an exciting time to visit India given the interest by Indian companies in WA’s resource sector.”
The Premier’s visit will also include meetings with several Australian and international financial service providers.
While in Singapore, the Premier will deliver the keynote address at the In the Zone Singapore forum, an offshoot of The University of Western Australia’s annual In the Zone conference in Perth that highlights WA’s strong economic and business links across Asia.
“The Western Australian Government established a trade and investment office in Singapore in 2012 and I look forward to returning to this global corporate and financial centre to build on our already close ties,” Mr Barnett said.
During his visit the Premier will meet Singaporean Prime Minister Lee Hsien Loong.

Fact File

  • Singapore is WA’s fourth biggest trading partner, with total trade valued at nearly $10 billion in 2014
  • The State’s total trade with India was valued at $1.9 billion in 2014
  • WA is home to nearly 29% of all Australia’s Singaporean-born residents. India is the State’s fourth biggest source of overseas-born residents
  • The Premier will meet major Indian companies including Petronet LNG and Reliance Industries Ltd

Also in this section