The Bay Area-Silicon Valley and Australia - An Expanding Trans-Pacific Partnership

This report is intended to inform and Australia is deeply invested in the United States as well: inspire public and private sector leaders to harness more than 10,000 Australian firms sell to or operate in technology and leverage the bi-lateral relationship to the United States, and trade with Australia supports in help Australia and the Bay Area emerge stronger from total more than 300,000 US job. [...] for Australian tourists, and California is the leading US state destination.26 Prior to the COVID-19 crisis, travelers ■ Australian and Bay Area universities and research from Australia had access to 87 weekly nonstop flights labs are exploring collaborations that better and 28,000 nonstop seats to and from Australia through leverage talent, reduce duplication of effort, and San Francisco and Los. [...] 1 Australia Performs in the Global Economy In the first quarter of 2020, Australia’s economy abundant natural resources contribute to mining leading performed among the best in the world, with GDP with a 1991–2019 CAGR of 4.5%—that matches having fallen just 0.3% in that quarter in the midst of the growth rate of healthcare—while agriculture, the global coronavirus pandemic.1 Like other countries. [...] and R&D.8 The levels of innovation activity by these ■ Almost 82% of businesses use social media in their firms, the extent of their public, private, and academic marketing, and nearly 72% use it to communicate with network collaborations, and the institutional and customers. [...] Total trade in goods and services for for visitors to California in 2018–19, with Australian 2018–19 encompassed A$24.7 billion in Australian visitors spending US$952 million.9 exports to the US and A$51.6 billion in imports from the US, for a A$26.9 billion (US$19.6 billion) US surplus.11 Major US imports from Australia include beef, pharmaceuticals, optical and medical instruments, and The most.