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  1. Xenophobia jeopardising foreign investment in Australia, Tourism Minister warns Xenophobia could possibly be jeopardising hundreds of millions of bucks in international investment needed by Australia, Tourism Minister Richard Colbeck. Senator Colbeck, that is additionally the minister that is assistant trade and investment, said he was "significantly concerned" about the negative rhetoric surrounding the current sale of Tasmania's Van Diemen's Land farm to a Chinese buyer — specially given the dairy giant is definitely foreign-owned. "Sending messages that are negative on what can just only be referred to as xenophobia really do concern me personally," he said. Senator Colbeck stated the main one million Chinese tourists visiting Australia every year were using that message that is negative with them. "the most questions which are frequent get asked (by international passions) is 'are you truly seriously interested in foreign investment as the rhetoric we hear in the neighborhood shows something else'." Senator Colbeck said big investors from Saudi Arabia while the United Arab Emirates had been questioning whether Australia truly welcomes money that is foreign. "Whenever you are evaluating those who are purchasing amounts of $100 million at any given time they appear really closely at where their funds will probably get," he stated. "clearly they wish to get a return in them investing right here or other places and so our ability to develop our economy in how we're seeking to do it may be restricted to us maybe not being viewed as a welcome spot for international investment onto it but those simple differences (in belief) can be the difference. "we shall require one thing in the near order of a trillion bucks in foreign investment between now and 2050 [to be globally competitive]." "So not just should we welcome investment that is international but we truly need it." Figures show that 1,000 jobs are created with every $1 billion of international money invested here, he said. '44 cents in almost every tourism buck spent in local areas' Senator Colbeck stated the real wide range of Chinese people to Australia rose 21 per cent in 2015 and their expenditure increased 45 % to reach accurate documentation $8.3 billion. Overall, there were 6.9 million international people to Australia 12 months that is last 8 % higher than a 12 months earlier in the day, according to figures released today by Tourism analysis Australia. Total visitor spending climbed an archive 18 % to a new a lot of $36.6 billion. "One associated with the national's priorities is to encourage more investment and visitation in regional areas and I'm thrilled that the Overseas Visitor Survey showed growth that is strong regional tourism," Senator Colbeck stated at the Australian Bureau of Agricultural and Resource Economics (ABARE) seminar in Canberra. "Forty-four cents in almost every tourism dollar is now invested in regional areas and our natural destinations are a asset that is key visits to farms increasing by 14 per cent and visits to national or state parks increasing by 13 percent. "Visits to wineries increased by a massive 37 %, a indicator that is key Tourism Australia's targeted marketing campaign, 'Restaurant Australia', has been successful in advertising our world class meals and wine to the world. "Australia's strong training that is international can be having a great effect on site visitors. "the trip that is total for education site visitors increased by a giant 30 per cent for the season to $8.7 billion."
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