Committee held first public hearing on trade and investment growth

THE Joint Standing Committee on Trade and Investment Growth held its first public hearing in Canberra today.

The committee is inquiring into Australia’s trade and investment relationship with Indonesia.

The Department of Education and Training appeared before the committee to discuss the education sector.

This is an important sector, which contributed over $19 billion to Australia’s economy in 2015-16 through the export of education-related services, which are one of Australia’s largest service exports. Further, Indonesia is Australia's eighth largest source country for international students, contributing $619 million into the economy.

Education is, therefore, a vital component to Australia’s overall trade, and, an area where growth opportunities should be examined.

Chair of the Committee, Mr Ken O’Dowd said, “In addition, there are broader social and cultural benefits of international education including developing a skilled workforce, international collaboration, opening up new markets for Australian businesses, and building cultural awareness.”

The hearing was audio webcast live at aph.gov.au/live. 

Interested members of the public may wish to track the committee via the website. 

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