Firm action is needed now to remove unnecessary regulatory burdens on business and incentivise US investors to choose Australia as their preferred destination.
Foreign investment plays a vital role in Australia’s economic prosperity by bridging the gap between what Australia saves and invests every year (equivalent to ~4% of GDP on average over the past few decades). The success of the US and Australian economies are particularly intertwined, with US activity in Australia contributing around seven per cent of our total annual economic output.
In 2021 widespread uncertainty from a confluence of events – most notably the COVID-19 pandemic — has motivated businesses to reevaluate their organisational structures and foreign operations.
Australia should capitalise on this changing environment to position itself as a prominent destination for US investment and to increase our share of outward US investment, particularly in the Asia-Pacific region.
Download this PwC Australia and AmCham report that outlines the practical recommendations to reduce regulatory burdens to US investment, driving forward the government’s deregulatory agenda and supporting the country’s post-COVID-19 economic recovery.