The Federal Government has released a new report that it says assist the international education sector in developing better ways to access global opportunities.

The Chaney report, prepared by the International Education Advisory Council, was welcomed by Federal Minister for Tertiary Education, Chris Bowen.

"International education provides significant cultural and social benefits for students choosing to study in Australia and long-term benefits for both our country and the countries of origin," Mr Bowen said.

"It is our largest export in the service industry and contributes more than $15 billion a year to the economy.

"The Chaney Report estimates that by 2020, Australia can expect to be hosting an additional 117,000 international students - a 30 per cent increase on today's numbers.

The Chaney Report includes 35 recommendations addressing seven key issues identified as crucial to a sustainable future for international education: coordination across the sector; a quality education; positive student experience; partnerships; the student visa program; data analysis and research in international education; and competition, promotion and marketing.

Mr Bowen said the Government welcomed the recommendations and would establish a Ministerial Coordinating Council on International Education to oversee implementation over the next five years.

"Australia's international education sector has been through a period of change and uncertainty in recent years," he said.

"The Government has responded by improving quality assurance and student welfare arrangements as well as increasing competitiveness through streamlined student visa processing and access to attractive post study work opportunities.

"We will draw on the Chaney Report to develop a five-year strategy for a sustainable and quality international education in Australia."