Trade Talk 31 October 2013
31 October 2013
Services key focus of Trade Minister's US visit
Services will be a key focus of Trade Minister Andrew Robb's visit to the US this week. The Minister will participate in the Global Services Summit and meet with government and business figures on the WTO, the TPP and Trade in Services Agreement. The services sector generates close to 70% of Australian GDP.
TM Media Release: Services key focus of Trade and Investment Minister Robb's US visit
Australian tourism industry on track for growth
Trade Minister Andrew Robb outlined the government's plans to support the tourism industry during a tourism conference in Canberra. Mr Robb stated the Government's commitment to "freeze the Passenger Movement Charge, scrap the Carbon Tax and help employers find workers with the right skills".
TM Media Release: Australian tourism industry on track for growth
Tourism Report: International visitor arrivals to hit 7 million by 2014-15
International visitor arrivals to Australia are forecast to grow 5.6% in 2014-15 to 7 million, propelled by growth in Asian markets including China and Malaysia. The Tourism Research Australia report also forecasts Australian outbound departures will grow 2.9% in 2014-2015 to 9.1 million.
Tourism Research Australia Publication: Tourism Forecasts, Spring 2013
APEC actions to spur growth and job creation
A recent APEC policy analysis shows member economies are advancing trade liberalisation and regional economic integration to spur growth and job creation. The analysis outlines members' commitments to reducing tariffs, breaking down non-tariff trade barriers and improving connectivity.
APEC Publication: Analysis of APEC actions to meet new economic conditions
WTO releases 2012 trade and tariff data
The WTO has released its annual package of trade and tariff data which provides a comprehensive overview of trade developments in 2012. A publication dedicated to trade in services has been released for the first time while another publication has been expanded to measure trade from global value chains.
WTO Publications: WTO releases annual package of trade and tariff data
Did you know?
Pumpkins and Broomsticks… It appears Australian exporters have been helping people worldwide to celebrate Halloween. In 2012-13 Australia exported more than 55,000 brooms (and brushes) and more than 1.5 million kg of pumpkins.