Trade Talk, 20 April 2017
Pacific trade and development agreement concluded
Australia has successfully concluded negotiations with New Zealand and 12 Pacific Island countries in Brisbane today to implement PACER Plus – the Pacific Agreement on Closer Economic Relations Plus. This agreement will drive economic growth and raise living standards in our region. PACER Plus is unique in that it is both a trade and a development agreement.
Business visit to Japan marks 60 year trade and investment milestone
Our commercial and trade policy relationship with Japan is strong and productive 60 years after the Australia-Japan Commerce Agreement came into force, Minister for Trade, Tourism and Investment Steven Ciobo said earlier this week. Minister Ciobo led a business delegation to Japan to support the creation of new export opportunities for Australian businesses and help progress the implementation of the Japan Australia Economic Partnership Agreement.
Australia-US reciprocal recognition of food safety agreement signed
Australian exporters are in a significantly stronger position as preferred suppliers of safe, high quality food to the US after the signing of a bilateral Food Safety Recognition Agreement with the US Food and Drug Administration. The Australian Department of Agriculture and Water Resources welcomed the finalisation of the agreement saying it will result in fewer in-country audits.
WTO predicts trade recovery in 2017 and 2018 amid policy uncertainty
World merchandise trade volumes are expected to rebound in 2017 from a lacklustre performance in 2016 but only if policy shocks do not undermine the expected global economic recovery, the latest WTO trade growth report states. The WTO forecasts global trade will expand by 2.4 per cent this year and between 2.1 and 4 per cent in 2018.
IMF: global economy has 'a spring in its step'
After six years of disappointing growth, a cyclical recovery holds out the promise of more jobs, higher incomes, and greater prosperity going forward, IMF Managing Director Christine Lagarde said in a speech titled Building a More Resilient and Inclusive Global Economy delivered at the European think-tank Bruegel last week.
Did You Know?
Australia's quality food is renowned the world over, including the US, where Aussie exporters sent $3.5 billion worth in 2016, making it our 3rd largest food export market.
Upcoming Trade Events
ECA and KPMG roundtable discussion on Certificates of Origin
Sydney, NSW, 27 April
KPMG has been engaged by the Australian Government to explore options for streamlining the process for the issue and use of ChAFTA Certificates of Origin and Declarations of Origin. A roundtable discussion for interested businesses will be held to share their experiences and make suggestions.
Business SA Export Ready Program
Unley, SA, 27 April
This program has been developed specifically for South Australian businesses and covers the vital elements of exporting. Industry experts facilitate each session. The program also includes an export diagnostic review, as well as resources and tools to get businesses export ready.
ChAFTA Training Program
Logan, QLD, 28 April; Canberra/Queanbeyan, ACT/NSW, 2 May
With the help of a FTA Training Provider Grant, the Australia China Business Council and the Export Council of Australia are conducting a ChAFTA Training Program to train businesses on how to utilise ChAFTA and reap the benefits of a deeper engagement with China.
Free Trade Agreements Information Seminars, SA
Kadina, SA, 1 May; Port Lincoln, SA, 2 May; Mt Gambier, SA, 3 May; Murray Bridge, SA, 4 May
Find out how you can take advantage of Australia's FTAs with China, Japan and Korea at these interactive seminars involving an address by Assistant Minister for Trade, Tourism and Investment, Keith Pitt.
North Asia Free Trade Agreement Workshop
Midland, WA, 9 May
With the help of a FTA Training Provider Grant, the Chamber of Commerce and Industry of WA is offering this course on how West Australian businesses can use the China, Japan and Korean FTAs to improve their global competitiveness, gain significant price advantages on both imported and exported goods and receive preferential market access.
Speed Networking for International Business – India
Melbourne, VIC, 9 May
This Export Council of Australia speed networking event will provide an opportunity to meet a range of experts in banking, freight forwarding and insurance, among others, who can help you along your export journey to India.