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17 per cent jump in export earnings from tourism



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ffiAjkfk The Hon. John Moore, MP Minister for Industry, Science and Tourism

M e d i a

Release

28 March 1996 6/96

17 PER C EN T 1UMP ΪΝ EXPORT EARNING S F R O M T O U R IS M

The tourism industry generated $13.1 billion in export earnings in 1995, up 17 per cenl on 1994 figures, Federal Minister for Industry, Science and Tourism, John Moore, announced today. 1

Tourism accounted for one in every eight export dollars earned by Australian industry and was responsible for more than 60 per cent of all services exports.

M r Moore said the figures highlighted the growing impact of the industry on Australia's economy.

"All our forecasts point to tourism continuing to grow by an average of 10 per cent a year to the year 2003 — what other industry can boast such an impressive outlook?"

M r Moore said that one of the Federal Government's key aims was to ensure that increased international visitor numbers translated into increased profitability for Australian tourism businesses. .

"Giving tourism operators a better deal under the Export M arket Development Grants Scheme, reducing taxation compliance costs and other burdens associated with doing business, and encouraging a more flexible industrial relations framework w ill mean that tourism operators can look forward to higher returns with lower outlays."

M r Moore also welcomed yesterday's announcement by Transport Minister, John Sharp, of a breakthrough in air service negotiations between Australia and China, saying it would help Australia better tap China's enormous potential as a tourist m arket

Under the new agreement, each country's airlines w ill be able to increase services between Australia and China from one service a week to up to 13 services a week by 1998. More than one airline from each country will also be able to service Perth and Brisbane, as well as Sydney and Melbourne.

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"Last year tourist arrivals from China grew by 43 per cent and if that level of growth continues, the previous agreement would have been hopelessly inadequate," M r Moore said.

"With rapid economic growth and rising disposable income in China, outbound tourism is expected to boom and it is essential that Australia is in a position to capture a large share of that market.

"The previous arrangement, which hadn't been successfully renegotiated since 1984, would have seriously damaged our ability to compete and I am extremely pleased to see a new arrangement in place."

Media inquiries: Paul Malone, Minister Moore's Office, (06) 277 7580 Further information: Keith Maxted, DIST, (06) 279 7226

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