16 January 2014
Investment focus of visit to the United States
Trade and Investment Minister Andrew Robb is visiting the United States to promote investment and tourism in Australia. Mr Robb will make keynote addresses at four “G’Day USA” events. The US is Australia’s largest investment partner, with the stock of two-way investment exceeding $1 trillion in 2012.
TM Media Release: Investment focus of visit to the United States
Frequently Asked Questions on Investor-State Dispute Settlements (ISDS)
ISDS provisions are one of the most talked about components of Free Trade Agreements. DFAT has sought to answer a number of questions on ISDS with a series of Frequently Asked Questions, including “What is ISDS?” “Why are ISDS provisions included in Free Trade Agreements?” and “Have Australian companies used ISDS?”
DFAT Publication: Frequently Asked Questions on Investor-State Dispute Settlement (ISDS)
Trade in Services Agreement (TiSA) market access negotiations start February
TISA parties will commence market access negotiations at the 17-24 February round. Stakeholders are encouraged to support the development of Australia’s market access requests by providing submissions outlining specific market access interests in TiSA markets.
DFAT Website: Trade in Services Agreement
Changing growth patterns influencing APEC trade
Changing growth patterns and the increasingly complex way goods and services move across borders are impacting cross border trade across APEC. “We are seeing an increase in intermediate goods, intra-industry trade and supply chains” said APEC Secretariat Executive Director, Alan Bollard.
APEC News Release: APEC addressing changing growth patterns: Bollard
World retail turnover driven by overseas investment
Annual turnover for the world’s top 250 retailers rose 4.9% to $US4.3 trillion according to a Deloitte report. Deloitte assesses that 25% of the growth has been driven by investing in overseas markets, including in Australia. Australian retailers, Woolworths and Wesfarmers, were ranked 15 and 19 respectively.
Developing countries and Global Value Chains
This OECD report analyses the factors that affect the competitiveness of developing countries in Global Value Chains (GVCs). The report concludes that participation in GVCs can translate into positive development gains from trade with appropriate policy settings.
OECD Trade Policy Paper: Connecting Local Producers in Developing Countries to Regional and Global Value Chains
Economic and financial trends across Australia and the world
This chart pack from the RBA summarises economic and financial trends in Australia and provides information on developments in our main trading partners.
Reserve Bank of Australia: Chart Pack
Did you know?
Cracking open the bubbly… Australian exporters and importers have been helping revellers celebrate the New Year. In 2012-13 Australia exported approximately $70 million of sparkling wine, with the UK, Japan and the US the top three export destinations. Australia imported approximately $188 million of sparkling wine with France, Italy and New Zealand the top import sources.