International Profile: U.S.A.
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At the heart of government relations between Australia and the United States is the ANZUS Treaty signed in 1951. This Treaty binds our two countries in mutual cooperation on military and security issues and contains a commitment that both Australia and the United States will act to meet common dangers.
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The USA is Victoria's largest source of foreign investment and accounts for over 30 per cent of our total foreign direct investment. Regional headquarters of ICT companies from the USA include IBM, Hewlett-Packard, Ascend Communications and Motorola.
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Melbourne and Victoria have one of Australia's highest concentrations of ICT businesses. In addition to one of the most sought after lifestyle cultures in the world, Victoria also offers investor a dynamic and thriving business environment. There are around 400 US parented subsidiaries in Melbourne, of which 58 form part of Invest Victoria's Investor Development Program. Recent ICT investments from the US include Miracle Software who on-sell IBM products to small business, employing 50 people and Neurogenix Mantas, who are in bio-informatics. IBM recently announced a 300 person software development centre in Ballarat. Monash University has completed its first student secondments to the ICT industry in Silicon Valley.
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Notable Victorian ICT investment and trade activities in the USA include the Victorian company Invertech has been using the new transit desk facility in San Francisco and has so far secured US$5.7m in export orders for its hi tech R&D services; Spangaro Systems has been using the transit desk in San Francisco and has secured contracts for their chip design services from Silicon Valley companies.
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Our strengths in strategic industries such as advanced manufacturing, biotechnology, ICT and food processing are also attracting significant investment from the US.
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