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- United States, Asia-Pacific Partners Look at Ways of Fostering Trade and Economic Growth
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- Featured Trade Event: Executive-Led Water and Wastewater Industry Trade Mission to Australia
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Featured Trade Event: Executive-Led Water and Wastewater Trade Mission to Australia
Melbourne, Australia. (photo © Sara Winter/iStock)
Executive-Led Water and Wastewater Industry Trade Mission to Australia
September 12–15, 2011
Sydney, Brisbane, and Melbourne, Australia
This trade mission will provide numerous opportunities for U.S. suppliers of water and wastewater treatment equipment and services to explore the Australian market. A senior Department of Commerce official will lead the mission, which will include business-to-business matchmaking with local companies, market briefings, and networking events.
Australia faces many concerns regarding water management and wastewater treatment, with some regions facing critical water shortages. The country spends an estimated $4.2 billion each year in this sector, with capital equipment accounting for 20 to 30 percent of that amount.
Opportunities for U.S. firms exist in a number of areas, including desalination technology, trenchless technology, nondestructive technology, smart metering systems, biofiltration systems, presses for conversion of water or sludge waste, oxidation systems, filtration equipment for industrial waste applications, flow meters for wastewater measurement, water recreation systems, and water solutions for oil and gas mining.
Australia is an excellent market for U.S. firms. It is the 14th-largest export market for U.S. goods. In 2010, the United States recorded a trade surplus of $12 billion with Australia, which is one of the largest trade surpluses the United States has with any country. The U.S.–Australia free trade agreement, which has been in effect since 2005, allows substantially all U.S. products to enter Australia duty free. Since implementation of the agreement, U.S. exports to Australia have grown 56 percent.
The cost to participate in the trade mission is $2,500 for large firms and $2,000 for small and medium-sized firms (with 500 employees or fewer). There is a $450 fee for each additional company representative, regardless of company size. Mission participants are responsible for travel, lodging, most meals, and incidentals. Applications must be received by July 15, 2011. For more information about the trade mission, visit its Web site or contact Lisa Huot of the USFCS, tel.: (202) 482-2796; e-mail: firstname.lastname@example.org.
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