THE QUEENSLAND government is leading a trade mission to Singapore and India with a goal to strengthen bilateral ties with the two nations.
Minister for trade Ros Bates is in India and Singapore this week, with an agenda designed to “push Queensland’s fresh start” in the trade space.
India was Queensland’s largest coal export market in 2024, valued at $12.8 billion and representing 95% of Australia’s coal exports to India.
And Singapore was Australia’s sixth largest source market for foreign investment in 2023, valued at $141 billion, of which $39 billion was foreign direct investment.
Minister Bates said the trading relationships between Queensland and the two economic powerhouses would play an essential role in creating jobs to combat skills shortages.
“India is Queensland’s fourth largest goods export market and Indian leaders understand how important Queensland is to their future energy needs and economic growth strategies across a variety of sectors,” Minister Bates said.
“This trade mission to Singapore and India underlines the important opportunities for Queensland companies in the region, highlighted by BioAsia 2025, in Hyderabad.
Hyderabad’s BioAsia 2025 promotes investment and collaboration in health industries such as biopharmaceuticals, digital health, medical devices and advanced therapeutics.
“With 10 leading Queensland health-tech and life sciences companies and research institutions taking part in BioAsia 2025, this is an important opportunity to demonstrate Queensland innovation and contribute to better global health outcomes.”
Governor of Queensland Jeannette Young will join Minister Bates on the Indian leg of Queensland’s trade mission.
