Trade Talk, 16 April 2015
16 April 2015
Multiple-entry tourist visas set to drive repeat visits from China
Chinese travellers will be able to make repeat visits to Australia with ease, with a current online visitor visa pilot extended to offer three-year, multiple entry visas to approved applicants. Around 100 million Chinese left China for an overseas holiday last year, a figure that is predicted to reach 200 million by 2020.
Asia's growth key to Australia remaining a mining power
Appetite for Australian resources and energy will remain strong because of demand from the rising middle class in the Asia-Pacific, according to Trade Minister Robb. Latest forecasts project average annual earnings growth of 6% for Australia's resource and energy commodities between 2014-2015 and 2019-2020.
Malaysia trade and business opportunities seminar – Brisbane 30 April, Sydney 4 May
Australia's High Commissioner to Malaysia, Rod Smith, and Senior Trade Commissioner, Susan Kahwati, will discuss business opportunities in Malaysia and how it can act as a springboard to 600 million consumers across the ASEAN region. Businesses are invited to register for the Brisbane and Sydney events below.
Making the most of Australia's new FTAs
Minister Robb launched the government's national FTA seminar series last week in Queanbeyan, NSW. The seminars provide business with the information needed to leverage the opportunities created by the FTAs. The Korea, Japan and China FTAs give Australia preferential access to a market of over 1.5 billion people.
Sweet success! Japan FTA sees high quality raw sugar exported to Japan for first time
Over 50,000 tonnes of high-polarity Brand 1 sugar has been exported to Japan, in a first for the Queensland sugar industry. The Japan-Australia FTA, which came into force on January 15, now enables us to export Queensland's high-quality Brand 1 sugar," said Queensland Sugar Limited's Dougall Lodge.
The Trans-Pacific Partnership Agreement (TPP) negotiations
The TPP will provide higher levels of market access for Australian exports and investment. It will put in place a common set of rules to allow for more seamless trade and investment between countries accounting for almost 40% of global GDP. TPP members account for one third of Australia's total trade.
ABC provides China with a window to Australia
The ABC has broken new ground in China's media market with the launch of its AustraliaPlus.cn portal in Shanghai. Under an agreement reached last year with Shanghai Media Group, a wide variety of Australian content will be cross-promoted and utilised by leading Chinese media outlets.
WTO: Modest trade recovery to continue in 2015 and 2016
Growth in world merchandise trade volume will pick up slightly over the next two years according to WTO economists. Merchandise trade growth is forecast to rise from 2.8% in 2014 to 3.3% in 2015 and 4% in 2016. In the short-term, trade expansion is forecast to remain on par with overall economic growth.
IMF WEO: Uneven global recovery, complex underlying currents
Global economic growth prospects are uneven across major economies, says the IMF's latest World Economic Outlook (WEO). Global growth in 2015 will be driven by a rebound in select advanced economies and a decline in oil prices. Overall, global economic growth is forecast to be 3.5% in 2015 and 3.8% in 2016.
Fashion Week Australia: Industry seeks to broaden its markets
Fashion Week is highlighting the desire of the Australian fashion industry to broaden its markets. "Ultimately, that's what this week needs to be about - driving opportunities for international buyers to see the fantastic product that we have here in Australia," said NSW Minister for Trade, Stuart Ayres.
Australian designer stands out from the crowd
Australian Johanna Johnson is the designer du jour, dressing the likes of Madonna, Pink and Lady Gaga. Despite the continual international demand for her gowns, Johnson is determined to remain in Australia, where she and her team produce unique high quality garments by hand.
Did you know?
It's the 20th year of Australian Fashion Week. The Mercedes-Benz Fashion Week Australia live stream received over 600,000 views globally in 2014, which equals a lot of international eyeballs on Australian designers!