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FDI increases to US$508 billion in Australia

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Australia's share of world foreign investment increased by 0.6 percent to almost three percent last year, indicating Australia's growing importance in the international economy as a high-return investment market. Partially driven by the strength in the Australian dollar and high interest rates, foreign direct investment reached US$508 billion in 2010, according to UNCTAD's World Investment Report 2011. The Australian Government's commitment to developing the National Broadband Network along with continued growth in the mining and resources boom has boosted the value of investment projects in Australia to more than A$830 billion, according to a Deloitte Access Economics Report. The majority of Foreign Direct Investment in Australia comes from the United States of America, the United Kingdom, Japan, the Netherlands and Switzerland.

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