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ICT trade gap widening, warns ACS

IT Industry - Market

"The continued growth in ICT revenues within the services sector, particularly ICT enabled services, is spotlighting an area of increasing global opportunity and a primary growth opportunity for Australia's economy.

"We need to pay more attention to this sector – and make it a national economic priority like the other top ten export areas," he added.

According to Parakala, the NBN (National Broadband Network), e-health, e-learning and environment-related matters present export opportunities for Australian companies.

Potential barriers include low levels of investment, e-security failings, and low levels of export awareness among SMEs.

"Through ICT trade Australia can become globally competitive and improve its economic prosperity.

"Trade in computer services is the only area of ICTs in which Australia has a surplus on trade and is clearly an important focus area of local strength," said Parakala.

"There are also areas of electronics production in which Australia is competitive and actively participating in global production systems. What must occur now is that we build and leverage these local strengths."

The full report can be downloaded here [PDF, 2.2MB].