Post Mission Report

From 7-18 March 2026, an official delegation of the NSW Treasurer, the Hon Daniel Mookhey MLC and the Treasurer’s Chief of Staff, Michael Buckland, travelled to Los Angeles, San Francisco, Washington and New York to represent the financial and business interests of the NSW government, and to attend the Australian Superannuation Summit. The mission was an important way to engage directly with international business and investment institutions.

The United States is the world’s largest economy and a key trade and investment partner for NSW. It is also Australia’s largest source of foreign direct investment, with $210 billion invested as at 2023. For NSW, the US is the third-largest two-way merchandise trading partner ($22.4 billion) and the fourth-largest export market ($4.8 billion)¹.

The purpose of the mission was to engage directly with ratings agencies, US state officials and global institutions as NSW seeks to implement its fiscal strategy. Confidence in the State’s financial management through direct engagement is vital to the ongoing refinancing of debt taken on during the COVID-19 pandemic and the substantial spending that occurred in the few budgets subsequently.

During the mission, the Middle East conflict continued to evolve and thus took on a stronger focus during meetings in Washington and New York. Understanding global reactions and local impacts of the conflict is highly beneficial in building the State’s response to issues such as fuel security.

¹Investment NSW: https://www.nsw.gov.au/departments-and-agencies/investment-nsw/international-network/americas