A Memorandum of Understanding (MoU) has been signed by representatives from the Tasmanian and south west Western Australian members of the national Regional Development Australia (RDA) network to establish a collaborative working relationship.
The MoU has been designed to support economic growth in the regions and marks a significant shift in the way the RDA network operates.
Federal Minister for Regional Development John McVeigh said the signing is the first time in the RDA’s history that an exclusive partnership has been created to enhance regional growth in both communities.
“Despite being on opposite sides of the country, these regions have similarities such as the range of products they produce, the industries in each region, and tourism. The ongoing communication and exchanges about potential business opportunities between RDA Tasmania and RDA South West will benefit both communities,” Dr McVeigh said.
“The key to this arrangement is that, due to the large distance separating them, the two regions rarely compete in the same markets.
“As a result, those involved in sharing information and ideas would not be undermining their competitive advantage,” he said.
Dr McVeigh said the MoU us set to be a major win-win for the industries and communities RDA Tasmania and RDA South West represent.
“If successful this could be the first of many cross-country RDA partnerships,” Dr McVeigh said.
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