TASMANIA is looking to build its export capabilities with its recently released Tasmanian Trade Annual Action Plan 2023-24.

The nine-page plan aims to increase the value of Tasmanian export trade to $15 billion by 2050.

In the 2021-22 financial year, the value of the state’s exports of goods grew 29.4% to $5.65 billion, according to a statement from Tasmanian Premier and minister for trade Jeremy Rockliff.

The action plan focuses on three areas: trade development; trade connections and events; and international affairs.

Mr Rockliff said the action plan would deliver a co-ordinated, whole-of-government approach to trade activities.

“The action plan streamlines programs, services and engagement through Trade Tasmania, providing support to our businesses and associations on their trade journey,” Mr Rockliff said.

“This means building export capabilities, international trade marketing and developing export-ready connections for Tasmanian businesses seeking to grow trade in national and international markets.”

The Premier said Tasmanian trade is increasing, with annual goods exports at record highs. He said the value of goods exports from the state grew 29.4% in the 2021-22 financial year to $5.65 billion.

“We are delivering on our what matters to Tasmanians by continuing to build a stronger economy, supporting local jobs and building on our premium brand,” Mr Rockliff said.