19 December 2013
Trade Minister reports progress on Trans-Pacific Partnership talks
Substantial progress was made on TPP negotiations during Trade and Investment Minister Robb’s visit to Singapore for the TPP Ministerial Meeting last week. “Potential landing zones have been identified for a number of outstanding issues” said Mr Robb. The 12 TPP members represent 40% of global GDP.
TM Media Release: Robb advances Australia's interests in TPP talks
Export volumes rise by 6% in 2012-13
Australia’s export volumes grew by 6% in 2012-13 according to the Composition of Trade and Trade in Primary and Manufactured Products publications released this week by DFAT. China remained Australia’s top trading partner accounting for 21.1% of total trade, followed by Japan (11.2%) and the US (8.7%).
TM Media Release: Australia's export volumes on the rise in 2012-13
Australia's G20 presidency: First Sherpa meeting held in Sydney
G20 Sherpas (the senior officials who represent G20 leaders) met on 12 and 13 December to lay the policy foundations for the year ahead. Topics discussed included trade, investment, development and employment. The next Sherpa meeting will take place in March 2014.
Indian student wins Future Unlimited competition
Trade Minister Andrew Robb has announced Uttam Kumar, 22, from India as the winner of the Government’s Win your Future Unlimited competition for international students. Mr Kumar has won 12 months study in Australia, return flights, accommodation, a stipend and the opportunity for an internship.
APEC announces 2014 theme
The theme for APEC in 2014 is “Shaping the Future through Asia-Pacific Partnership”. The theme was proposed by China who will host APEC in 2014.
Negotiators meet for third round of TTIP talks
EU and US negotiators are meeting in Washington D.C. this week for the third round of negotiations on the Transatlantic Trade and Investment Partnership (TTIP). Negotiators will discuss a range of topics including government procurement, energy and regulatory coherence.
Did you know?
Exports and GDP… In 2012 exports accounted for 20.2% of Australia’s GDP. This compares with 13.6% for the USA, 30.2% for Canada, 32.9% for Mexico and almost 60% in Korea.