Science and innovation treaty creates new opportunities

24 February 2017

Australia and New Zealand have signed a treaty to encourage greater collaboration on science, research and innovation.

The Science, Research and Innovation Cooperation Agreement provides a framework for our two countries to work together to create commercial opportunities and improve the lives of our people.

After a year of negotiations, the Minister for Industry, Innovation and Science, Arthur Sinodinos, signed the agreement with his New Zealand counterpart, Simon Bridges, at the Australia New Zealand Leaders’ Meeting in Queenstown on 17 February.

In a joint statement with Prime Minister Malcolm Turnbull, Minister Sinodinos said the treaty formalised “a naturally close and enduring partnership” and recognised the economic and social benefits of merging our “assets, knowledge and resources”.

Trans-Tasman Innovation Ecosystem and collaborative initiatives

Following the agreement, the creation of a trans-Tasman innovation ecosystem will benefit communities in both countries and will grow economic and business opportunities and jobs in new and traditional sectors across the region.

The agreement will also see Australia and New Zealand work together to, for example, tackle chronic disease, advance general health care and improve the accuracy and availability of GPS signals.

The two countries will collaborate on testing GPS technology which, in the future, could provide safety, productivity, efficiency and environmental benefits across regional industries such as transport, agriculture, construction, and resource management.

The flagship agreement will support Australia and New Zealand’s Single Economic Market agenda, which aims to create a seamless trans-Tasman business environment.

The Square Kilometre Array project to build the world’s largest and most advanced radio telescope is a collaboration between ten countries, including Australia and New Zealand, and is an example of the positive results that can be achieved through international partnerships.

Australia and New Zealand are also collaborating on trialling the Satellite Base Augmentation System in both countries.

View the joint Prime Minister Malcolm Turnbull and Minister Sinodinos media release.

Related documents

Share this Page