Trade Talk

29 November 2012

Australia

Dr Emerson: reasons to be optimistic

In his latest op-ed, Trade Minister Emerson outlines why Australians have good reason to feel optimistic about our economic future. Even without a full recovery by the global economy in the next year, Australia’s fiscal position is strong and consumer confidence has reached its highest level in 19 months.

Op-ed: Break away from the herd and show some optimism

Fiftieth anniversary of Australian Export Awards

Fifty years on, and the Australian Export Awards are going strong, showing that our exporters are well-placed to tackle the Asian Century. The Australian Exporter of the Year for 2012 is PWR Performance Products, which provides light-weight radiators, oil coolers and intercoolers for the high-performance racing industry, including NASCAR and Formula One.

2012 Australian Export Award Winners

RCEP call for submissions

The Department of Foreign Affairs and Trade is calling for public submissions from anyone with an interest in Australia’s negotiations under the newly announced Regional Comprehensive Economic Partnership (RCEP).

If you’ve got something to contribute or want to participate in the industry consultation process, visit the RCEP webpage for details.

Australian economy remains resilient

The latest OECD Economic Outlook shows Australia is expected to outperform other advanced economies over the next two years. The report confirms that the Australian economy is resilient in the face of challenging global conditions.

Read the Treasurer’s press release about the OECD Economic Outlook.

World

Future of multilateral trade in a changing world

World Trade Organization Director-General, Pascal Lamy, delivered a speech in Melbourne this week on the future of the multilateral trading system. Key topics included the growing importance of global value chains and the effects of emerging economies on the balance of power.

Speech by Pascal Lamy: Emerging economies have shifted the balance of power in world trade

Trans-Pacific Partnership negotiations In Auckland

The latest round of negotiations on the Trans-Pacific Partnership (TPP) will be held in Auckland next week from December 3-12. This will be the first round with Canada and Mexico at the negotiating table.

More information on Australia and the TPP.

Australia second best place to be born in 2013

The Economist Intelligence Unit has released a new index which assesses the best places to be born in 2013, based on factors such as per capita GDP, political freedom, climate and governance. Australia comes in at number two behind Switzerland, and well ahead of countries like Canada, Germany, the United States and the United Kingdom.

More about the index’s methodology.

Did you know?

Nearly three quarters of Australian car exports(that’s around $1.1 billion worth) went to Gulf Cooperation Council countries – Saudi Arabia, Bahrain, Kuwait, Oman, United Arab Emirates and Qatar – in 2011-12.

Learn more with DFAT’s fact sheets.

More about Australia’s trade.

The latest trade statistics.