Trade Talk, 21 May 2015
Minister leads Australian business delegation to PNG
Minister Robb led a business delegation to PNG this week, promoting further commercial engagement and investment. The visit coincides with the PNG Business Forum, the major bilateral business meeting between the two countries. PNG is forecast to become one of the world's fastest growing economies.
DFAT rolls out the red carpet for the fashion industry
Australian fashion industry representatives travelled to Canberra last week to meet with Foreign Minister Julie Bishop at DFAT. The forum explored opportunities to strengthen links and promote the expertise in this dynamic and valuable creative sector which contributes $12 billion in trade annually.
ADB expands its Trade Finance Program in Nepal following earthquake
The Asian Development Bank is expanding its Trade Finance Program in Nepal by an additional US$40 million. The funds will help banks finance much needed imports to support the reconstruction response to the recent earthquake.
Australia-EU trade and investment takes centre stage
Australia will compete at the Eurovision Song Contest in Vienna this weekend, the first time Australia has competed in the contest's 60 year history. The EU and Australia are significant trade partners, with EU investment in Australia supporting over 350,000 jobs. The EU accounts for 13% of Australia's total trade.
Australian Government helps Fijian chocolate exports
Funding from the Australian Government is helping a Fijian company export its high-quality chocolate internationally. The chocolate is made in the "world's purest chocolate factory," using just two ingredients. The company has successfully exported to the US and is looking to a build presence in Australia and NZ.
Did you know?
Australians Olivia Newton John and Gina G have previously competed for the UK at Eurovision. The UK is Australia's second-largest source of foreign investment and seventh-largest trading partner.