Australian capability in Food Technologies (FoodTech) will be showcased to global investors visiting the Gold Coast during the Commonwealth Games.
Trade Minister Steven Ciobo said the Commonwealth Games present a great opportunity for Australian food innovators to differentiate their exports from that of global competitors.
“As global demand for food grows, particularly in Asia’s expanding middle class, Australian talent can seize on opportunities,” he said.
The event is part of Austrade’s Global Foodtech Innovation Mission held on the Gold Coast, Brisbane, Sydney, Melbourne and Adelaide from April 9-13.
FoodTech brings together investors and leading food innovators, featuring new food ingredients, applications and technology developed by more than 60 Australian companies and researchers.
It is a growing industry in Australia, building on a history of innovation in agriculture and adding to our global reputation for producing safe, healthy food, Mr Ciobo said.
“New techniques under development can boost yield and nutritional content but investment is needed to help realise our full potential.”
Mr Ciobo said Australia offers innovative packaging and processing technologies, making supply chains more transparent and efficient and ensuring products retain freshness.
“As well our strong innovation capability, international investors benefit from Australia’s network of free trade agreements and strong business ties with Asia, Europe and North America.
“The Turnbull Coalition Government is working to attract more investment into Australia to create new jobs and drive economic growth, and the agribusiness and food sector is one of our national priority areas.”
Mr Ciobo said Australia has strong innovation capability and a hard-earned reputation as a stable and secure investment destination.
“International investors can benefit from Australia’s network of free trade agreements and strong business ties with Asia, Europe and North America.”