Western Australia has a long standing economic relationship and diplomatic links with Europe. The European Union remains Australia’s biggest investment partner.
According to the Australian Bureau of Statistics, the level of two-way investment in 2015 between Australia and the European Union was $1,580 billion (a 5 per cent increase from 2014), or 31 per cent of Australia’s two-way investment stocks, ahead of the United States with $1,455 billion.
Western Australia continues to benefit significantly from this investment in the resources and services industries. Inbound visitors from the United Kingdom and greater Europe remain the largest source of visitors into the State with more than 250,000 arrivals annually bolstering the hospitality and services sector.
The Office of the Agent-General Western Australia in London was established in 1891 and has played a pivotal role in shaping the State’s economy.