Trade Talk 3 August 2017
Award-winning FTA Portal expanded
The FTA Portal provides free and accurate information on tariffs, helping Australian businesses identify opportunities in specific markets. The portal now includes information on using FTAs to trade with China, Japan, South Korea, Malaysia, New Zealand, Singapore, Thailand, the United States, Chile, Indonesia, Vietnam, Philippines, Brunei, Cambodia, Myanmar and Laos.
Japanese Investment in Australia
Minister for Trade, Tourism and Investment Steven Ciobo launched Japanese Investment in Australia: A Trusted Partnership, which shows how one of Australia's oldest economic partners is building on established ties to support the next wave of innovation and growth. The report recognises and celebrates the significant role of Japanese investment in Australia's economy. Importantly, it also looks to the future and to new areas of investment cooperation emerging with Japan.
Confidence among Aussie exporters grows
The latest Efic's Exporter Sentiment Index, which was released by the Minister for Trade, Tourism and Investment Steven Ciobo, shows confidence about international opportunities has grown among Australia's small business exporters. All key indicators have lifted significantly since the last survey in February 2017.
Horticulture trade push – a taste of what's to come
Australia's horticulture industry is embarking on the biggest trade drive in its history, with a plan to significantly grow exports by 2025 across a number of commodities. Assistant Minister for Agriculture and Water Resources Anne Ruston today launched the trade push, coordinated by Hort Innovation, complete with the new 'Taste Australia' brand, increased trade shows and funding for research and development and getting farmers ready to export.
Australia's top 15 two-way trading partners for 2016
The Department of Foreign Affairs & Trade's Composition of Trade report for 2016 includes a useful summary of Australia's top two-way trading partners. Composition of Trade concentrates on the major trends in Australia's trade statistics, looking at trends in goods and services (on a balance of payments basis) and merchandise trade (on a recorded trade basis).
Australian and international tourists are spending record amounts across the country, now topping more than $120 billion a year.
Australia and Indonesia move forward with free trade deal
Negotiators are meeting in Canberra this week for the next round of talks on the Indonesia-Australia Comprehensive Economic Partnership Agreement, a free trade deal. The relationship has untapped potential.
IA-CEPA: Increasing Indonesia-Australia Business Opportunities
The Indonesian National Standards Body, Badan Standardisasi Nasional and Standards Australia have embarked on an initiative to support the Indonesia-Australia Comprehensive Economic Partnership Agreement, currently being negotiated between the Governments of Indonesia and Australia. The project aims to identify standards harmonisation opportunities and to promote greater understanding of the role that standards play in underpinning trade between the two countries.
Call for submissions for ChAFTA reviews
DFAT is calling for submissions for the reviews of the services and investment chapters of the China-Australia Free Trade Agreement, as well as the review of the associated Investment Facilitation Arrangement Memorandum of Understanding. Submissions can focus on one or all of these reviews. Especially helpful would be information on specific barriers to investment and services trade faced by business in China, and priorities for any possible future negotiations. To assist preparations, submissions would be appreciated by 1 September, 2017 to chinaFTA@dfat.gov.au
Did You Know?
Australia imported more than 16m pairs of thongs last year. Something to ponder as the temperature plunges in our nation's capital.
Upcoming Trade Events
Negotiating business in China
Dandenong, VIC, 15 August 2017
Understanding cultural differences can provide telling insights and help to facilitate conversations and negotiations. While confusion can often lead to amusing misunderstandings it can also make a serious impact on business relationships. The aim of this workshop is to help you understand the cultural differences in business in order to develop successful relationships in China.
Selling your goods to China
Melbourne, VIC, 31 August 2017
This Victorian Chamber of Commerce and Industry workshop will take you through the key trends and opportunities in China and give you the information you need to export under the China-Australia Free Trade Agreement (ChAFTA). Learn step-by-step how you can take advantage of preferential tariff treatment.
Free trade agreement information seminars
Warrnambool, VIC 21 August 2017
Bundoora VIC, 22 August 2017
Davenport, TAS, 23 August 2017
Find out how you can take advantage of the North Asia Free Trade Agreements with China-Australia (ChAFTA), Japan-Australia (JAEPA) and Korea-Australia (KAFTA). These interactive sessions will give you an opportunity to hear directly on the practical benefits that you may be able to realise from the Free Trade Agreements. Speakers include: The Hon Keith Pitt MP, Assistant Minister for Trade, Tourism and Investment; Michael Dean, Director, Department of Foreign Affairs and Trade; Sally Phillips, Manager, Free Trade Agreements Program, Austrade and more.
Trade Articles obtained from non-Australian Government sources do not necessarily reflect the views of the Australian Government.