Trade Talk, 2 July 2015
New initiative to assist Australian businesses in China
Ministers Robb and Billson announced a ground breaking opportunity for Australian businesses to access new markets in China. Representatives from some of China's most influential online platforms will attend a series of Austrade seminars providing first-hand perspectives on China's internet shopping revolution.
Australia-Singapore comprehensive strategic partnership
PM Abbott has strengthened ties with Singapore this week with a comprehensive strategic partnership that will see increased defence and economic cooperation. Australia and Singapore agreed to review the 2003 Singapore-Australia FTA and highlighted the desire to increase Singaporean investment in Australia.
Release of Australia's aid for trade investments strategy
Ministers Bishop and Robb released the 'Strategy for Australia's Aid for Trade Investments' this week. Priority areas include women's economic empowerment, infrastructure connectivity, and private sector development. By 2020, 20% of Australia's aid budget will be dedicated to aid for trade.
WTO: Reducing trade costs for growth
The heads of major international agencies agreed that reducing trade costs through initiatives such as the WTO's Trade Facilitation Agreement will go a long way to helping poorer countries reap the benefits of the global trading system, at the 5th Global Review of Aid for Trade.
WTO: Behind good trade policies is good research
WTO DG AzevÃªdo, at the 4th annual WTO/World Bank/IMF Trade Workshop this week, highlighted the link between good research, trade policy and growth. AzevÃªdo said "our three organisations are dedicated to creating a strong and more stable economy…We can't do any of that without the research…".
Register now: North Asia FTA information seminar hits Townsville – 16 July
Do you want to learn more about the three North Asia Free Trade Agreements (FTAs)? Register to attend the North Asia FTA information seminar in Townsville on 16 July. The interactive session with Parliamentary Secretary Ciobo will outline practical benefits that you may be able to realise from the FTAs.
Download your copy of Austrade's China e-commerce guide for Australian business
Austrade has produced a free guide for Australian businesses on China's e-commerce (see first article above). Visit the Austrade website and enter your business details to download your copy.
Did you know?
At the end of 2014, the level of total investment in Australia from Singapore was $80.2 billion, up by 17.3% on 2013. Its 2.9% share made Singapore our 5th largest source of investment.