Trade Talk 18 July 2013
18 July 2013
Trade in services agreement – public consultations in Melbourne
Australia is participating in negotiations in Geneva on a plurilateral Trade in Services Agreement (TISA). Public consultations will be held at the DFAT office in in Melbourne on 19 July from 10.30am-12pm. Stakeholders interested in the TISA negotiations are invited to participate.
Australia up four places in Global Innovation Index rankings
Australia was ranked 19 out of 142 countries in the 2013 Global Innovation Index which ranks countries in terms of their innovation enabling environment and their innovation outputs. Switzerland retained the top spot. Australia has moved up four places since the 2012 report.
Global Innovation Index 2013: Global Innovation Index 2013
Polish FM encourages trade relationship during Australian visit
Polish Foreign Minister, Radoslaw Sikorski, has highlighted the success of both Poland and Australia in avoiding recession during the global financial crisis on a recent visit to Australia. During his visit Mr Sikorski met with Foreign Minister Carr and agreed that bilateral trade and investment had room for growth, including in mining.
Austrade Media Release: Poland, Australia focus on mining collaboration
Australian aerospace exporter unveils US expansion
Ferra Engineering is set to open an aerospace manufacturing facility in the US in response to growing international demand for its products. The company specialises in the design, manufacture, assembly and testing of aerospace structure and subsystems and was named Boeing Supplier of the Year in 2011 for the International Category.
Austrade Media Release: Australian aerospace exporter to open facility in the US
ADB cuts Asian growth forecasts
Slower growth in China and weak demand from industrial economies will impact economic growth in East Asia and parts of South Asia according to the Asian Development Bank (ADB). In its most recent report, the ADB has cut the 2013 growth forecast for its 45 developing member countries from 6.6% to 6.3%.
'The curious case of the protectionist dog that has not barked'
This op-ed from the Peterson Institute for International Economics (PIIE) looks at the absence of significant protectionism in industrial countries over the past decade. The author examines how increasing imports to the US from China have not elicited a protectionist response despite a surge in these imports between 1990 and 2010.
Did you know?
Stacks of snails. As the French wind up their national day celebrations it seems Australians have developed a taste for a particular French cuisine. In 2012 Australia imported over $20,000 of snails. This equates to over 1 ton of escargot on Aussie plates!