Australia’s jobs future: the rise of Asia and the services opportunity
This report demonstrates that by 2030, services can become Australia's number one export to Asia in terms of total value added, in the process supporting a million Australian jobs. This can be achieved by closing just half of the gap between our level of services engagement with our Asian regional neighbours and our traditional Western trading partners.
These jobs can be generated through increases in direct exports of services from Australia, expansion of offshore operations by Australian services businesses, and services industries supporting growth in Australian exports of goods.
Goods, particularly resources and agricultural products, will continue to be the cornerstone of Australian exports. Exports of services will, however, play a growing role in generating jobs and wealth, complementing those cornerstone industries.