Aus­tralia open for busi­ness

Townsville Bulletin - - NEWS -

PRIME Min­is­ter Mal­colm Turn­bull has used Vegemite diplo­macy to urge Bri­tish cor­po­rate chiefs to in­vest in Aus­tralia.

About two dozen of the UK’s top ex­ec­u­tives at­tended a busi­ness break­fast — com­plete with tubs of Vegemite on the ta­ble — at the Aus­tralian High Com­mis­sion in Lon­don yes­ter­day.

Mr Turn­bull — who has been in Ger­many, France and the UK talk­ing up trade and investment — said Aus­tralia had avoided a hard land­ing from the end of the min­ing investment boom.

“The re­silience of the Aus­tralian econ­omy, be­cause of our com­mit­ment to free trade and open mar­kets, en­abled us to power ahead,’‘ he said. One of the CEOs at the event was San­jeev Gupta of the Lib­erty House Group, the con­sor­tium which has bought em­bat­tled Ar­rium steel in South Aus­tralia.

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