Australia Asia-Pacific Regional Centre for US Companies

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Australia as a Asia-Pacific regional centre for US companies, 2008 (US$ billion)

US companies such as Chevron and ConocoPhillips poured capital, technology and know-how into creating a regional supply chain to Asia, for resources and energy, finance, biotechnology as well as other industries. These trends occurred as the Australian economy was becoming more international ± with its trade intensity (measured by the ratio of imports plus exports to GDP) increasing from 32 per cent in 1980 to 46 per cent in 2011 as resources shifted to areas of higher productivity, increasing national welfare. FDI plus current account balance) improved markedly in a decade.

The scale of bilateral linkages has expanded significantly. chevron  US$55 billion Gorgon LNG project for example is the biggest ever American investment in Australia, focused on supplying the booming demand for energy, primarily in China, India and Japan. The Australian market has become of regional importance for companies such as GE while Boeing, the world's largest aerospace company is a major supplier to Virgin Australia, Qantas and the defence establishment and its presence in Australia is the company's largest footprint outside the United States.