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European Australian Business : 2008
67 of information-intensive industry sec- tors, including information technology, multimedia, scientific research, educa- tion and health research and services. Tasmania has the best access to ports of any state or territory in Australia. Almost 99 per cent of imports and exports pass through Tasmania’s deep water seaports of Hobart, Burnie, Port Latta and Bell Bay. These ports link Tasmania to the Aus- tralian mainland and the wider world. Tasmania’s sea-freight tonnage is ap- proaching 15 million tonnes a year. Modern, twin passenger-cargo provide daily sailings between Devonport in north-western Tasmania and Mel- bourne. In addition, over 600 flights carry pas- sengers and airfreight to and from the four Tasmanian airports each week. Air services have recently been extended south with a new Antarctic link opening from Hobart, Tasmania’s capital. Tasmania’s industries appreciate the short freight times to other Australian states and international markets through these regular, fast and ef- ficient services. An extensive, well-maintained road network provides reliable internal transport and all major centres are serviced by efficient public transport. The freight rail system has branch lines to many of the major resource processing plants, providing transport for bulk freight, such as coal, timber and cement. Another significant enticement for pro- spective investors is Tasmania’s loyal, highly-skilled and stable workforce. Tasmania outperforms all other Aus- tralian states in the labour retention and has the best industrial relations record of all states. Staff turnover in Tasmanian operations is typically 15 per cent lower than that experienced in other states. Tasmania has a stable yet dynamic economy. It has experienced low lev- els of inflation and interest rates over the past 10 years. The state’s recent economic perfor- mance has been characterised by significant growth in household spend- ing, state final demand and gross state product. Tasmania has benefited from a remarkable growth in private invest- ment, currently 25 per cent above the long-term average. Tasmanian education facilities provide an extensive range of subjects, with key expertise in hospitality, Antarctic and Southern Ocean studies, environment and wilderness studies, aquaculture, agriculture, fisheries and the arts. Although the majority of Tasmania’s $3.8 billion worth of exports annually is destined for Asian markets, the state’s reputation for excellence increasingly sees it export into Europe. Tasmanian firms are selling tulip bulbs into Holland and truffles into France. These unlikely exports are occurring because they are based on the same quality imperative applied to all Tas- manian exports. Tasmania is unashamedly an island of difference and it is these contrasts that are providing many enterprises with a winning edge in the competitive environment of the 21st century. Investors from all over the world, including Europe, are joining those enterprises and capitalising on Tas- mania’s winning edge. If you would like to learn more about investing in, or trading with Tasmania contact the: Department of Economic Development P: + 61 3 6233 5888 E: email@example.com www.development.tas.gov.au tasmania