Trade Talk 18 April 2013
18 April 2013
Chinese accreditation a windfall for Australian meat exporters
The Chinese government has accredited 28 Australian meat storage facilities and four red meat plants, paving the way for further meat exports to the country. The accreditation will save meat exporters money by allowing them to consolidate large loads of meat and to adjust export volume in response to demand.
Press release: China deal a boost to Australian meat exporters
Australian business set to benefit from a Guangdong first
The Australian government and Guangdong province have signed a Memorandum of Understanding to establish the Australia-Guangdong Business Co-operation Council, the first such agreement struck by the Chinese province. The Council will streamline business and investment opportunities between the two markets, making it easier for Australian companies to access Guangdong's 100 million consumers.
Press release: Australia-Guangdong Business Cooperation Council
Business and government collaborate ahead of Brisbane G20
The Australian government has launched a dialogue with 27 Australian business leaders in the lead up to the 2014 G20 summit in Brisbane. The dialogue will allow business leaders to bring their perspectives to the summit, contributing to furthering economic relationships between Australia and the rest of the world.
Press Release: Business dialogue to maximise G20 opportunities
Australian economy outpaces peers as world growth forecast is cut
The IMF has lowered its world growth forecast for 2013, predicting world GDP to increase by 3.3% down from the 3.5% predicted in January. This follows a prolonged Euro-crisis and slower than expected US growth. The Australian economy however is predicted to outpace its advanced economy peers with 2013 GDP growth tipped at 3% compared to 1.2% for all advanced economies.
Publication: IMF World Economic Outlook
Stalled EU-Mercosur talks to pick up pace
Trade negotiations between EU and Mercosur are tipped to push forward this year according to sources in Brazil and the EU. The talks, which commenced 15 years ago, stalled in 2004 over agricultural market access amongst other topics. The Brazilian trade minister said that talks have now advanced over halfway on the negotiations roadmap. An agreement would create one of the largest trade pacts in the world, covering over 750 million people.
Bridges Weekly: EU-Mercosur talks to pick up momentum this year
Five candidates advance to next round for DG position at WTO
The Chair of the WTO General Council has announced that five candidates have been selected to proceed to the second round of consultations to replace outgoing WTO Director-General, Pascal Lamy. Candidates from Brazil, Indonesia, Korea, Mexico and New Zealand will participate in the second round of consultations from April 16 to 24 for one of two spots in the final round of consultations.
Did you know?
Gaining Moo-mentum… Australia's meat exports to the world grew by 10% from 2007 – 2012, driven by demand from hungry Asian consumers.