People in Sydney, Australia are always willing to learn and they have shown this amazing quality time and time again. Sydney business students once against showcased their willingness to learn after a recent delegation in one of the top business schools in the area. Students are now hoping for more lectures and events to come.
The University of Wollongong recently opened its doors to a high-powered delegation of Italian corporate financial officers and accountants. These individuals have come to Australia to promote a plan to grow Sydney through quality products and trading. Needless to say, the event was a success in introducing two economies with one another.
UOW Deputy Vice-Chancellor (Global Strategy) and Professor of Economics Professor Alex Frino was one of the main proponents during the event. He invited the Destination Australia delegation to University of Wollongong’s Sydney Business School campus at Circular Quay on Monday. During the event, those in attendance were presented with ideas and knowledge regarding the Italian-Australian trade route and what it could mean for the future.
The visiting delegation was comprised of around 60 entrepreneurs led by the guidance of Dr. Giovanni Parenteil who is the president of the top brass Italian accounting body Associazione Internazionalizzazione Commercialistied Esperti Contabili. It was like a Sydney business park for the attendants as they were able to absorb quite the learning from the well-experienced delegation.
One of the major topics of the delegation was about the major trade imbalance in favor of Italy that had developed during the past years. The Sydney business students also discovered that some of the top exports in Australia include motor vehicles and a slew of luxury goods. Meanwhile, Australia is a top distributor of commodities like wool, coal and wheat to Italy.
“Before 2012, Australians selling goods to Italy could expect to export some $A1 and $1.5 billion worth of goods. But that all changed in 2012, when exports to Italy slumped to around $A600 to $A700 million and it has never really recovered’” Prof Frino said.
Hopefully, the delegation’s visit was just the first of many cooperative outreaches between Australia and Italy. These two economies are starting to grow more and more each year. By introducing students to the concepts of the Italian-Australian trade early on, the nations will be able to promote a healthy growth and synergy between their business sectors. This could in turn lead to the development of more projects in the near future.
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