LCIA Sydney Symposium Keynote Address
“Australia as a Global Hub”
8 October 2017
Professor Doug Jones AO
- Introduction
It is an honour to have been invited to deliver this keynote to my friends and colleagues of the international arbitration community present on the occasion of this LCIA event in Sydney. I’d like to begin by acknowledging the Traditional Owners of the land on which we meet today, the Gadigal people of the Eora nation, and pay my respects to their Elders past and present.
A number of you are probably still recovering from the lingering jetlag of your lengthy flights into Sydney, and indeed where better to do so than at this splendid office of Herbert Smith Freehills, participating in interactive arbitration working sessions, and listening to a proud Australian speak on “Australia as a Global Hub” in the knowledge that I am the last commitment before lunch.
It is often said that Sydney is Australia’s gateway to the world. In March this year the competitiveness of Sydney as a commercial centre was ranked 8th in the world in the 21st Global Financial Centres Index. In the Asia-Pacific Region, Sydney was ranked 4th, behind Singapore, Hong Kong and Tokyo. And also in March, Australia took the record for the longest run of uninterrupted GDP growth in the developed world, enjoying 26 years or 103 financial quarters since its last technical recession, now 104 as of June.
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