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New SA trade office for Paris

Tim DorninAAP
Paris will be home to a new trade and investment office for South Australia.
Camera IconParis will be home to a new trade and investment office for South Australia. Credit: AAP

South Australia will establish a trade and investment office in Paris with $1.8 million to be allocated over four years in next week's state budget.

The government says the move builds on an election commitment to grow SA's trade representation across the globe.

Trade and Investment Minister Stephen Patterson said an expanded overseas trade and investment office network was critical to growing exports and ensuring the state's ongoing economic and jobs growth.

"In a post-Brexit trade landscape, it's crucial that South Australia has a continued presence in the UK through the office of the agent-general, as well as a strong presence in the European Union through the new Paris office," Mr Patterson said.

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"This will grow our capacity to reach emerging markets in Europe by focusing on two-way trade and investment, and by driving exports in key sectors like hi-tech, creative industries, renewable energy, and space and defence."

Europe is a key market for South Australia, with the European Union routinely in the top five export destinations for local goods and services.

The value of SA exports to the EU exceeded $700 million in the year to April 2021.

And South Australia's relationship with France has been bolstered through the future submarine program to be delivered in partnership with Naval Group.

"We are also anticipating further trade opportunities for our exporters through an expected Free Trade Agreement with the EU and the in-principle agreement struck with the UK, with a focus on South Australia's premium food and wine and agricultural products," Mr Patterson said.

The government said efforts to increase trade in Europe further dovetailed with its $5.4 million wine export recovery and expansion program which is supporting the wine sector while helping to sustain and create jobs.

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