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Australia's Innovation Opportunity is Now
Australia and the United States have entered a new era, one that will be defined by innovation and collaboration.
The Indo-Pacific is the world's most dynamic region. Over the next decade, technology standards, safeguards, speed, and supremacy will determine how businesses operate and interact for the next century. Artificial intelligence, clean energy technologies, quantum computing, and space are among the key sectors that will shape our future national security and economic prosperity.
AmCham is calling for expressions of interest
to join an immersive and engaging experience - the 2023 Innovation Trade Mission. This deep-dive into the innovation ecosystems of Silicon Valley, California and Denver, Colorado will give delegates unique opportunities and unparalleled access to pioneers on the technological frontiers. This program will provide members with the chance to look around corners to identify trends, explore technologies, build relationships, and generate partnerships.
The Innovation Trade Mission follows on from the second annual AmCham Alliance Summit in Washington DC and New York, which recently returned to Australia after engaging deeply with the White House National Security Council, Biden Administration, Congress, US Chamber of Commerce, and senior stakeholders in policy and industry.
Led by Boeing President (Australia, New Zealand, and South Pacific) Maria Fernandez and Google Vice President (Government and Public Policy Asia Pacific) Michaela Browning, the delegation heard from a range of government leaders and industry titans, and one message stood clear - Australia has never been held in such high regard in the United States.
One hundred years of mateship, a thriving economic relationship, and generational investments in the future of the alliance have culminated in the most advantageous position in history for Australian businesses to engage with the world's largest economy. The time is now to capitalise on the momentum of the alliance and visit the epicentre of innovation and invention.
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Ambassador Kevin Rudd speaks with delegates at the Embassy of Australia
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US Under Secretary of Commerce for International Trade Marisa Lago addresses delegates at the US Chamber of Commerce
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[Right to left] Senior Advisor to the Secretary of Defense for AUKUS Abraham Denmark joins the White House National Security Council's Dr Mira Rapp-Hooper (Director for Indo-Pacific Strategy) and Luke Collin (Director for Japan and Australia)
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[Left to right] Dr Brendan Nelson (Boeing), General David Petraeus (KKR), April Palmerlee and Vice Admiral Sir Nicholas Hine (Babcock) at the Babcock Dinner at the historic Decatur House
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Over the coming weeks, AmCham is proud to offer unparalleled access to opportunity at exciting upcoming events across Australia with those at the forefront of Australian policy and industry innovation, including:
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SYDNEY
- Minister for Industry and Science the Hon Ed Husic MP
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MELBOURNE
- President of BHP Australia Geraldine Slattery
- ADELAIDE
- SA Department for Industry Innovation and Science CEO Adam Reid
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BRISBANE
- Queesland Chief Entrepreneur Julia Spicer OAM
We look forward to seeing you at an AmCham event soon.
Kind regards,
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April Palmerlee, Chief Executive Officer
American Chamber of Commerce in Australia
E [email protected]
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AUSTRALIA A TOP INVESTMENT DESTINATION: NEW MINTERELLISON SURVEY REVEALS
Foreign investors are largely bullish on Australia’s prospects as an investment destination, according to a recent survey by MinterEllison.
In a new study of nearly 200 international executives from North America, the Asia Pacific, and Europe, slightly over half of respondents said that Australia is among the top investment destinations outside their home markets, behind only the United States and Europe. 51% said they will increase their investments in Australia in the coming year. Slightly under half say that their investments will be driven by digital transformations.
The United States is the largest foreign investor in Australia, with a record A$1.09 trillion invested last year, representing nearly a quarter of total foreign direct investment.
The Australian Taxation Office (ATO) recently launched a new Online services for foreign investors. This service will help foreign investors and their representatives manage obligations relating to Australian investments. A new Register of Foreign Ownership of Australian Assets came into effect on 1 July 2023 with a variety of new reporting obligations.
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TAKE YOUR TEAM TO CHICAGO FOR A FULL-DAY WORKSHOP WITH JIM COLLINS
AmCham Australia is partnering with the Growth Faculty to present the inaugural Good to Great Immersion Workshop
in Chicago, Illinois on 17 October 2023.
This is the first time Jim Collins will present a full day workshop for a group of CEOs and their teams who are highly motivated to implement and understand the application of the Good to Great concepts and Jim’s full body of work on what makes great companies tick.
AmCham Members receive a special discount. Click here to learn more and find tickets.
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MEMBER SPOTLIGHT: UNITED AIRLINES
In April 2023, United Airlines announced the largest-ever South Pacific flight network expansion to and from the United States, giving Australians more options travelling directly to the United States. United Airline's flights between the United States and Australia/New Zealand will increase by 40 per cent.
From October 28 2023, United will provide two daily flights between San Francisco and Sydney, and deploy its largest plane, the 777-300ER, adding almost 100 extra seats to each flight between Melbourne and San Francisco.
This week, United Airlines regional manager for Australia, New Zealand and Tahiti, Tim Wallis, sat down with Travel Weekly to discuss the new Agent on Demand service, investment in Sustainable Aviation Fuels, and more. Click here for the full article.
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AmCham Member
Babcock Australasia appoints new Chief Executive Officer,
Andrew Cridland.
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AmCham Members Aspen Medical and Western Sydney University commended in Joint Communique from Prime Minister Anthony Albanese and Indonesian President Joko Widodo.
PHOTO: Anthony Albanese [Linkedin]
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AmCham Member Cicada Innovations
launches Jumar Bioincubator, Australia's newest incubator focused on nurturing biotech ventures.
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AmCham Member Fleet Space Technologies awarded $4 million Demonstrator Program contract under the Moon to Mars initiative to harness seismic data at the Moon's South Pole
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AmCham is pleased to welcome our newly appointed members of the Councils of Governors. AmCham's Governors are important contributors to the Chamber and provide advice to the Board of Directors and Executive Team.
NEW SOUTH WALES
• Katrina Troughton, Managing Director, Adobe
• Tim Wallis, Regional Manager ANZ and Tahiti, United Airlines
QUEENSLAND
• Greg Johnson, CEO, Youngcare
SOUTH AUSTRALIA
• David Christian, Chief Operating Officer, SkyCity Entertainment Group
WESTERN AUSTRALIA
• Margaret Watroba, Director, Atlas Iron
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AmCham's Policy Committees contribute to a wide variety of submissions and consultation processes to advocate for our members. Recent submissions and papers include:
• Public Country by Country Reporting Consultation
• Multinational tax integrity – denying deductions for payments relating to intangible assets connected with low corporate tax jurisdictions Consultation
• Health Technology Assessment (HTA) Policy and Methods Review
• Australia’s Foreign Investment Climate Position Paper
AmCham members can view these submissions on our website at this link.
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AmCham Australia honours the life of Simon Crean, Chair of the European Australian Business Council, who passed away on 25 June 2023.
Simon was a deeply respected and admired Australian, and leader in politics, academia, and business. Under his leadership, the EABC and AmCham worked closely on our shared goals of advancing Australia's trade and investment relationships with our key international partners. Australia is a stronger and more connected global economic partner thanks to Simon's efforts.
On behalf of AmCham and our members, we offer our condolences to Simon's family, friends, and colleagues.
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I’m delighted to welcome these
new members and here are links to their websites:
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