Trade Talk 31 August 2017
Delegation to Australia Business Week in India 2017
Minister for Trade, Tourism and Investment Steven Ciobo led a more than 150-strong business delegation to the world's fastest-growing major economy for the second Australia Business Week in India. ABWI 2017 introduced Australian business leaders to potential partners and opportunities and showcased Australian capability that can support India's modernisation program, such as agribusiness, mining expertise, higher education and smart infrastructure.
State and Territory Tourism Ministers focus on China
Minister Ciobo hosted a meeting of state and territory tourism ministers in Beijing this week to focus on working together to attract more Chinese tourists to Australia during our bilateral China‑Australia Year of Tourism. Minister Ciobo said the removal of airline capacity restrictions last year is enabling tourism from China, one of our fastest‑growing and highest‑spending international visitor markets.
Distilling the benefits of FTAs for businesses in the Devonport region
Assistant Minister for Trade, Tourism and Investment Keith Pitt hosted a seminar in Devonport last week to explain Australia's FTAs and how they can help businesses access more than a billion potential customers in North Asia. A local distillery representative spoke to the audience about how FTAs have given the company's whisky sales a boost in China and are paving the way for sales to Korea.
Increased security measures
The Australian Border Force has increased security measures at Australian cargo facilities and international mail gateways following recent counter-terrorism operations in Sydney. The ABF is committed to working with industry to minimise delays in facilitating the movement of people and goods across the Australian border, whilst also maintaining an ongoing high level of security. Visit the ABF website for further news and updates.
Australia hosts TPP Agreement officials' meeting
The latest in a series of discussions to assess options to bring the Trans-Pacific Partnership Agreement into force has taken place, with senior officials from TPP countries gathering in Sydney this week. The TPP will link 11 countries and expand Australia's FTA network to include Canada, Mexico and Peru.
Pouring investment into growing wine exports
Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, and Assistant Minister for Agriculture and Water Resources, Senator Anne Ruston launched the Export and Regional Wine Support Package this week. The package aims to deliver up to 8 per cent per annum value growth across all wine export markets to 2021–22, including 15 to 17 per cent in China and 6 per cent in the United States, and help attract up to 40,000 more international tourists to visit our world-renowned wine regions by 2019-20.
New visa promotes Australia as a work and holiday destination
Minister Ciobo promoted Australia's new work and holiday visa during a recent visit to Singapore. Almost 100 000 of the 383 000 Singaporeans who visited Australia during the year ending March 2017 were between 15 and 30 years of age. Working holiday makers contributed $3.2bn to the Australian economy last year.
G20 aggregate merchandise trade grows for the fifth consecutive quarter
G20 international merchandise trade increased for the fifth consecutive quarter in the second quarter of 2017, although at a slower pace than previously, the OECD reported this week. G20 merchandise trade remains around 10 per cent lower than recent highs in 2014.
Zero tolerance on asbestos
Following the recent detection of asbestos in a number of imported motor vehicles and parts, including brake pads and gaskets, the Australian Border Force, Australia's customs service, is reminding importers that Australia has zero tolerance for asbestos. Products with any level of asbestos, regardless of age, are prohibited for import into or use in Australia. Find out about the assurances you need and requirements for testing.
Working with Papua New Guinea to support prosperity in our region
This DFAT blog entry by Australia's Ambassador to the Asia Pacific Economic Cooperation Forum focuses on a day spent with a delegation of 55 Papua New Guinean officials who will lead and contribute to PNG's hosting of APEC in 2018. APEC provides a platform to deliberate on collective responses to the core economic and trade challenges confronting our region.
ICC-WTO Small Business Champions initiative
The WTO and International Chamber of Commerce are calling for proposals from businesses and private sector organisations on innovative, practical ideas to help micro, small and medium sized enterprises participate in international trade. The Small Business Champions Initiative aims to raise awareness of the barriers that MSMEs face in doing business across borders, highlight the experiences and success stories of those already trading, facilitate access to critical information and raise skills for export market diversification.
Did You Know?
India has one of the world's largest and youngest workforces and by 2030 it is predicted to become the world's third largest economy.
Upcoming Trade Events
Indian Economy and Business Update: Major Policy Initiatives and their Impacts
Canberra, ACT, 4 September 2017
This Australian National University event will bring together distinguished economists and policymakers from India and Australia to review some of India's recent economic policy changes, assess their prospects for success and understand their implications for Australian economic policy.
North Asia Training Session for SMEs: Cultural Awareness – Negotiating Business in Japan
Melbourne, VIC, 7 September 2017
This Victorian Chamber of Commerce and Industry workshop is targeted to SMEs to help them understand the cultural differences to develop successful relationships in Japan. It will focus on enhancing negotiation skills and understanding customer needs. VECCI is also providing seminars on cultural awareness for our other North Asian FTA partners, China and Korea.
JCU Asian Market Forum 2017
Townsville, QLD, 8 September 2017
The theme of year's Asian Market Forum is 'Agriculture, Investment and Innovation'. Participating Queensland businesses and industries will learn about trends and opportunities in Asian markets, receive trade and investment advice and meet with potential investment partners. Individual sessions will focus on the Chinese, Japanese, Indian and Singaporean markets.
Understanding FTAs and Understanding China
Adelaide, SA, 11 September 2017
Business SA's FTA training sessions are developed and delivered by industry experts with extensive exporting experience in China, Japan and Korea. Presenters will explore in detail the Northern Asian FTAs, how best to use them and how to understand the key cultural dynamics and differences of China.
8th Annual Northern Territory Major Projects Conference 2017
Darwin, NT, 18-19 October 2017
This event is the largest major projects and infrastructure event in the Territory and is supported by the Northern Territory Government.