Queensland is in a Manufacturing Sweet Spot
Queensland’s status as a manufacturing hub has been confirmed by the recently released Manufacturing in Queensland report by the Queensland Productivity Commission (QPC) and again highlights the state’s diversity, comparative advantages and delivery of products.
The Queensland manufacturing sector is worth $19.2 billion in economic output employing 170,000 people with 45% of those working in the sector doing so outside of Brisbane.
CCIQ General Manager of Advocacy Kate Whittle said, “it is important we continue to make the case for tax reform as well as seeking clarity around state procurement to drive further growth within the sector.
“The manufacturing sector is critically important to Queensland’s economy as a source of jobs, exports, investments and innovation.
“Manufacturing is the fifth largest sector in the Queensland’s economy,” Ms Whittle said.
The manufacturing sector remains a key driver in diversifying the state and national economies at a time of transition.
“By leveraging the strength of Queensland’s small and medium manufacturers, we can build upon the sector’s success and chart a course for a strong and diversified 21st century economy in Queensland.”
“The rest of the world is rapidly changing and Queensland needs to adapt to find our place in what is an increasingly globally competitive marketplace,” Ms Whittle said.
The report from the QPC can be found here.
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