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Trade Talk, 19 November 2015

Trans-Pacific Partnership Agreement (TPP): Leaders' statement

Prime Minister Turnbull, along with Leaders from the 11 other countries that negotiated the TPP, issued a statement on 18 November 2015 following their meeting in Manila. The statement described the TPP as a comprehensive, balanced, and transformational regional agreement – one that spans the Pacific, strengthens links between three continents, and unites 800 million people. Leaders also said the TPP would support 21st-century commerce and provide ambitious liberalisation of trade and investment.

DFAT: TPP Leaders' Statement – 18 November 2015

Minister Robb leads Australia's largest business mission to Indonesia

Minister Robb led Australia's largest ever trade and investment business mission to Indonesia this week, accompanied by over 360 business people. Mr Robb said it was part of ongoing work to build linkages, mutual interests and trust between the two countries, to boost two-way trade in goods and services, currently valued at A$16b. The Minister also announced that he and his Indonesian counterpart had agreed to resume Indonesia-Australia Comprehensive Economic Partnership Agreement negotiations in 2016.

TIM Media Release: Robb to lead Australia's biggest business mission to Indonesia

EU FTA talks progress

Australia and EU leaders agreed to commence work aimed at launching bilateral FTA negotiations. DFAT has issued an invitation for all interested, including the business community, to make submissions on the potential opportunities and impacts from a future FTA with the EU.

Northern Australia investment showcase in Darwin

Over 350 international investors from 20 countries converged on Darwin this week for the Northern Australia Investment Forum. The Forum showcased over 100 investment-ready project opportunities, including agribusiness and food, tourism infrastructure, resources and energy and tropical medicine. Guidelines for consultation on the $5b Northern Australia Infrastructure Facility were also launched.

Australia's tourism industry breaks record

Tourism Australia's State of the Industry 2015 report shows a record breaking year for our tourism industry with inbound arrivals increasing by 6.6% to 6.6 million for 2014-15. International tourism expenditure also reached $33.4b, the strongest recorded for a financial year since the Sydney Olympic Games.

Business Envoy November edition out now

DFAT's latest issue of Business Envoy explores the economic and market trends in Southeast Asia and what this means for Australian business. It provides the latest perspectives from Australia's diplomatic network, looking at topics such as Indonesia's growing interest in Australian wool, wine opportunities in Lima and more.

DFAT: Business Envoy - November 2015

WTO head calls for strengthening global trading system

Briefing G20 leaders in Turkey, WTO Director General Roberto Azevêdo said that the leaders needed to work collectively to strengthen global trading systems by exploring synergies on trade-related issues. Mr Azevêdo said this in turn will ensure a strong system which will boost growth, jobs and development on a global scale.

WTO: DG Azevêdo urges G20 leaders to strengthen global trading system

Export Council of Australia: International Business Today

The Export Council of Australia's latest edition of International Business Today focuses on Africa and its potential market opportunities for Australian businesses. The publication also explores the impact of the low Australian dollar and what this means for Australian exporters.

ECA: International Business Today: Summer 2015

Qantas to increase flight routes to Asia

Strong growth across Qantas' Asian network will see the carrier increase flights to Hong Kong and Singapore, with capacity to Hong Kong to grow by 2.5% in 2016. Chief Executive Alan Joyce said that there was confidence the low dollar would be positive, strengthening demand for inbound travel into Australia.

Travel Weekly: Network changes for Qantas as demand shifts

Coal seam gas development in Queensland to bring jobs and boost exports

A new coal seam gas development in Queensland is expected to create up to 1,600 construction jobs and increase the State's exports of liquefied natural gas (LNG). Queensland Mines Minister Anthony Lynham said "by the end of the decade, Australia has the potential to be the world's leading LNG exporter".

ABC News: $1.7b coal seam gas development on Queensland's Western Downs gets go-ahead

Did you know…

The Australian passport is the product of a Global Value Chain (GVC). It is assembled in Australia using components sourced from around the world including the US, Japan, Spain, Switzerland and Germany.

Upcoming trade events

North Asia Free Trade Agreements Information Seminars: VIC | QLD

If you are a current or prospective exporter don't miss these free, interactive sessions which explain practical benefits your business could realise from Australia's historic FTAs with our three largest export markets – China, Japan and Korea.

Register: North Asia FTA information seminars

Tourism Australia Industry Briefings: NSW

Tourism Australia is holding its annual series of free industry briefings on latest market insights, business events activity and partnership opportunities. Register now.

Register: Industry Briefings and Webinars

OzUke 2015: Inaugural Ukraine-Australia bilateral relations forum

Discover the market opportunities available in Ukraine with OzUke, a bilateral investment conference series to be held in Melbourne on 25 & 26 November 2015. The event seeks to advance relations between Australian and Ukrainian businesses. Register online.

Inaugural Australia-US Business week

Minister Robb will lead an Australian business delegation for a series of high level trade, investment and tourism events in the US in 2016. The inaugural Australia-US Business week is a major initiative to increase Australia's business links with the world's largest economy. Businesses can register interest online.

Visit the DFAT trade website for more on Australian trade, including FTA updates, the latest trade statistics and the Trade Talk archives.

Trade Articles sourced from non-Australian Government sources do not necessarily reflect the views of the Australian Government.

Last Updated: 19 November 2015
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