Business and Investor Delegations

In reply to Mr WHETSTONE (Chaffey) (25 June 2025). (Estimates Committee A)

The Hon. J.K. SZAKACS (Cheltenham—Minister for Trade and Investment, Minister for Local Government, Minister for Veterans' Affairs): I have been advised:

In 2024-25, the Department of State Development hosted 83 inbound missions across international, trade and investment. Outcomes included:

A $40 million over five years memorandum of understanding between a South Australian seafood business and China Eastern Airlines.

A $1.4 million investment made to support South Australian medical research.

Over $430,000 of export orders the department is aware of.

Nine inbound buyers committing to importing one new South Australian wine brand within the next 12 months.

Two other significant investment outcomes are confirmed, though commercial-in-confidence, while several discussions are still occurring as a result of Invest SA events held around the 2023 and 2024 Gather Rounds.

Since July 2024, 33 outbound business missions have been delivered to the priority markets of Germany, Korea, Singapore, Malaysia, Thailand, China, India, Japan, the United Arab Emirates and the United States across key sectors including food and wine, space, creative industries, energy and mining and critical technologies. A total of 366 businesses participated in these missions and over $110.1 million in export deals have been reported to the department in the 2024-25 financial year.