Trade Talk, 20 October 2016
Address to the Australian Minerals Industry Parliamentary Dinner
Prime Minister Malcolm Turnbull addressed the Australian Minerals Industry last week acknowledging their ongoing contribution to Australia's prosperity and economic security. Mining net capital stock increased by nearly 300% from 2001-2015 and the opportunity now is for the industry to utilise this as effectively and efficiently as possible. To further assist the industry, the Government is working on opening and preserving new markets and helping businesses compete in an increasingly globalised market, Mr Turnbull said.
Tourism Ministers gather to support industry growth
Trade, Tourism and Investment Minister Steven Ciobo met with State and Territory Tourism Ministers last week in Hobart to advance combined support for our tourism industry. The Ministers considered measures to reach the target of $140b in overnight expenditure by 2020 including Australia-China year of Tourism in 2017; a strategy to attract foreign direct investment into regional tourism products; and, a report card to track investment and regulatory reforms.
Global disruption to international trade barriers
Digital disruption is expected to change the way customers and suppliers connect and the way supply chains are managed, Dynamic Export reports. Technological advances are already reducing market entry cost and risks for businesses, improving connectivity for SMEs and regionally-based businesses. Thanks to this disruption, global customers are more accessible than ever with global e-commerce sales forecast to reach US$2 trillion.
Business Envoy: Brexit edition
The newest edition of business envoy is now available online, with a focus on the Brexit referendum outcome in the United Kingdom. Brexit has generated uncertainty in the financial markets and in the real economy however, while there will be challenges, the opportunities for Australia are significant. The publication also offers insights on the economic impacts of geopolitical events from DFAT's global diplomatic network.
Tourism trade show fact sheets
Tourism operators have a new range of fact sheets they can access to help prepare them for upcoming trade show events. The fact sheets by Tourism Australia provide guidance and ideas to maximise the time operators have with buyers and the media and include topics such as: trade show preparation, meetings and follow up; travel distribution system; knowing your markets; product review and packaging; product and rate information; networking and working with media.
Why safeguarding your IP is a must
With start-ups and SMEs fuelling the growth of Australia's new economy, it's important that businesses remember to manage their intellectual property as a priority to protect their brand or innovation. Innovation is the key to success, and safeguarding IP 'plays a central role if we are gunning for innovation-led growth, especially in effective commercialisation and international trade and expansion.'
Did you know?
HM Queen Elizabeth II opened Sydney Opera House in the presence of The Duke of Edinburgh on 20 October 1973. This iconic Sydney landmark is a popular tourist attraction for international travellers.
Upcoming Trade Events
Business in China forum 2016
Sydney NSW, 21 October 2016
The School of Management, UNSW Business School would like to invite you to the forum on 'Strategic HR Solutions for Australian Firms in China'. The event is designed to help participants develop people management knowledge and skills relevant to setting up or expanding their operations in China.
Business SA: North Asia FTA Training Session for SMEs
Adelaide SA, 24 October 2016
Understand and utilise FTAs – Maximising your export opportunities and benefits in China, Japan and Korea. If your business is one of the thousands that may be underutilising FTAs, Business SA now offers training to demystify the whole process. Business SA's FTA training sessions are developed and delivered by industry experts with extensive exporting experience in China, Japan and Korea.
Ai Group: North Asia FTA Training Session for SMEs
Adelaide, Albury, Ballarat, Bendigo, Brisbane, Canberra, Melbourne, Newcastle, Sydney
Monday 24 October 2016
This live seminar will help SMEs understand how different elements of an FTA can help support business objectives. This session covers tariff reduction schedules in FTAs, understanding HS codes and the different Rules of Origin for three different markets, transporting goods and international payments.
Victorian Chamber of Commerce and Industry: North Asia FTA Training Session for SMEs
Dandenong VIC, 25 October 2016
Whether you're a seasoned exporter or are exploring export opportunities for the first time, understanding the China-Australia Free Trade Agreement and the rules you need to comply with is integral to your success. This workshop will give you in-depth knowledge of ChAFTA and allow you to develop effective strategies to expand your market reach in the world's largest consumer market.
ABARES Regional Outlook conference
Griffith NSW, 26 October 2016
Theme: Investing in agriculture – growing our future. ABARES one day conferences are an essential part of their delivery of commodity forecasts and research results directly to regional communities.
Sustainable Economic Growth for Regional Australia 2016
Albany WA, 26-28 October 2016
A conference on regional issues, SEGRA, assists regional, rural and remote Australia to source and identify the techniques, skills and issues they need to achieve successful economic growth and development.