Trade Talk, 19 May 2016
2016 Foreign Direct Investment Confidence Index
FDI confidence in Australia has improved with our global ranking rising three spots to seven out of 25 economies, according to A.T. Kearney's 2016 survey. The US topped the survey followed by China, Canada and Germany.
An analysis of foreign direct investment into Australia
There has been a marked increase in the importance of East Asia as a source of foreign direct investment, into Australia, a substantial decline in the EU's share of FDI stock, and a modest decline in the North American share, according to Austrade chief economist Mark Thirlwell.
Foreign direct investment key to South Asian regional integration
As at February this year the WTO had received 625 notifications of regional trade agreements and of these, 419 were in force. But South Asia was lagging behind. It remains the least integrated region in the world. Read why in East Asia Forum.
APEC meets in Peru
"Trade is the engine to reduce poverty," Peru's Minister of Foreign Trade and Tourism and Chair of the 2016 APEC Ministers Responsible for Trade Meeting, Magali Silva Velarde-Alvarez said at the start of this week's meeting in Peru. Minister Silva discusses the direction of trade growth and APEC's future trade priorities.
Travel industry gathers on the Gold Coast
More than 2300 travel industry delegates from more than 30 countries met at the Gold Coast this week for Tourism Australia's annual business-to-business event . Australia's inbound tourism sector, already at record levels with international visitor arrivals reaching 7.4 million in 2015 and visitor spend rising 18 per cent to $36.6 billion, is expected to be boosted as a result.
ePing – find out about changes to regulations in your export markets
The UN has developed a free online service 'ePing' that provides email notifications on changes to regulations in your export markets. It covers sanitary and phytosanitary measures, including biosecurity and food safety, and changes to technical barriers to trade, including labelling and certification issues. Businesses are encouraged to sign up to receive customised email alerts.
Who wins and who loses as China rebalances
The second largest economy in the world is shifting its growth model from an export-driven one to one centered on household consumption. As China's economy slows and rebalances, its impact is being felt on an already fragile global economy, and particularly in the rest of the Asia region.
Did you know:
Australia invests more in Germany than Germany does in Australia. Germany was our 7th largest destination for total investment at the end of 2015, with stocks valued at $66.9 billion. In the same year, Germany was our 11th largest source, valued at $41.2 billion.
Upcoming Trade Events
Australian Services Roundtable on Indonesia
Sydney, 27 May 2016
This event, in partnership with Norton Rose Fulbright, has been designed particularly for services firms.
ASR has assembled experts from government and business to bring you the latest market and business information. You will also hear about the status of our current trade negotiations.
Know-How for Inbound Tourism Excellence program
Broome, 26 May I Sydney, 7 June I Melbourne, 14 June 2016
A new program to help businesses connect with the $36.6b international tourism market has been launched by the Australian Tourism Export Council. The Know-How for Inbound Tourism Excellence or KITE program prepares tourism businesses for international readiness, providing market specific insights and specialist topic webinars. Visit the registration page to search for dates and locations.
Trade Articles sourced from non-Australian Government sources do not necessarily reflect the views of the Australian Government.