Niche, high-tech manufacturing a strength for US and Australia

The manufacturing sectors of Australia and
the United States are both in a period of adjustment due to globalisation, but
have certain advantages, the US Consul General has said.

Hugo Llorens, who has been in his role as
the second-most senior US bureaucrat in this country since October last year,
made his comments in an interview with ABC Illawarra last Friday.

“We’re all in a period of globalisation and that makes
rapid change, and we’ve had traditional manufacturing take a hit, but I’m
confident the transformation is going in the right direction,” said Llorens,
who is responsible for NSW, Queensland and Norfolk Island.

“The US and Australia will remain significant
manufacturing countries.”


He said that both countries had particular strength in
high-value, innovative manufacturing, and that targeting niches and partnering
with researchers were sensible thing for business to aim for.


“No one manufactures the whole plane – it’s built in
many pieces and Australia has pieces of the pie on huge industrial products,”
he said.


“Our economic prosperity will be building partnerships
between Australian and US companies and research institutions.”




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