Trade Talk, 5 November 2015
Trans-Pacific Partnership Agreement (TPP): Release of text
Trade and Investment Minister Andrew Robb has welcomed the release of the TPP text. "Today's release honours that commitment and provides the Australian public with an opportunity to examine the text and more fully understand any areas of the negotiation that are of interest to them," Mr Robb said.
- TIM Media Release: Text released for historic trade pact (TPP)
- DFAT: FTA text and associated documents
TPP Outcomes: Wine
The Winemakers' Federation of Australia has welcomed the TPP as an opportunity to grow wine exports and attract future investment. In 2014, 45% of total Australian wine exports (valued at $837m) went to TPP countries.
- Winemakers' Federation Australia: Wine export growth tipped under 12-nation trade pact
- DFAT: Outcomes: Goods market access
Trade and investment with the APEC Region
DFAT's latest statistical publication, The APEC Region Trade and Investment 2015, focuses on Australia's goods and services trade with APEC as well as our investment relationships with APEC members. In 2014, the value of total trade in goods and services with the APEC region increased 4.2% to $482.5b.
Explore Australia's trade with the world
Visit DFAT's interactive Australia's Trade at a Glance website and explore Australia's trading relationship with the world. The site provides a snapshot of our 2014 trade data including our major trading partners, the G20, APEC and now also the Association of Southeast Asian Nations (ASEAN) group.
Lonely Planet ranks Australia in its top 10 'Best in Travel' list
Australia's reputation as a must-see tourist destination is expected to strengthen with the Lonely Planet declaring Australia the 6th best country to visit. This is a strong endorsement for our tourism industry, which Minister Colbeck said generates "around $100 billion of consumption a year" for the Australian economy.
Media Release: Australia among world's best travel destinations
New exporting guide for small and medium sized enterprises (SMEs)
Thinking of exporting? is a new publication tailored for SMEs at the beginning of their exporting journey. It outlines resources and services available which will help SMEs improve business practises, develop digitally, build business skills, find and access overseas markets, obtain export finance and learn about free trade agreements.
The Treasury: Thinking of exporting?
Australia – the world's most creative economy
According to a new study Australia is the most creative economy in the world, followed by the US, New Zealand and Canada. The study ranked nations on technology, talent and tolerance and claims that these three criteria are closely linked to economic and social development.
WTO: Key trade data
The WTO has released a suite of key statistical publications which provide unique data and snapshots of world trade. In addition to the annual updates, to mark the WTO's 20th anniversary, the WTO's International Trade Statistics 2015 has a special focus on noteworthy trends in world trade from 1995 to 2014.
- WTO: WTO publishes its annual suite of trade and tariff data
- WTO: International Trade Statistics 2015
- WTO: World Tariff Profiles 2015
- WTO: Trade Profiles 2015
- WTO: Services Profiles 2015
Export Council of Australia (ECA) marks three years of supporting Australian exporters
In this update from the CEO, the ECA reflects on the 3 years since its launch and flags upcoming reports and apps covering key markets such as China, Korea and Indonesia. It also notes its upcoming Annual Trade Policy Recommendations, with themes including trade facilitation and growing service exports.
Australia-China healthcare opportunities
The University of Sydney's China Studies Centre, National Australia Bank and the George Institute for Global Health have released a report outlining healthcare opportunities in China in the context of China's recent healthcare reforms and the China-Australia Free Trade Agreement (ChAFTA).
The University of Sydney: Business report: Australia-China healthcare opportunities
Opportunities for Australian businesses in Asia
Asialink Business has launched Country Starter Packs to help Australian businesses access Asia's diverse markets of over 500 million consumers. Asialink Business's CEO also highlights 5 insights from business leaders at the launch, including ChAFTA as a platform for growth and the need to embrace innovation.
Did you know…
In 2014-15, Australia exported over 744 million litres of wine. That's enough to fill nearly 300 Olympic-size swimming pools.
Upcoming trade events
North Asia Free Trade Agreements Information Seminars: TAS | WA
If you are a current or prospective exporter don't miss these free, interactive sessions which explain practical benefits your business could realise from Australia's historic FTAs with our three largest export markets – China, Japan and Korea.
Register: North Asia FTA information seminars
Free Trade Agreement Training Provider Grants
Free Trade Agreement Training Provider Grants are now open for applications. Visit the Austrade website for more information.
Austrade: FTA Training Provider Grant
Tourism Australia Industry Briefings: TAS | SA | NSW
Tourism Australia is holding its annual series of free industry briefings on latest market insights, business events activity and partnership opportunities. Briefings are currently scheduled for Hobart, Adelaide and Sydney in November 2015, with more to be announced.
Register: Industry Briefings and Webinars
Webinar: Business opportunities in Timor-Leste
On 10 November the Australian Embassy in Dili and Austrade will host a webinar on doing business in Timor-Leste. Register now for what will be a stimulating discussion on an emerging frontier market on Australia's doorstep. Follow the links below for more on doing business in Timor-Leste.
Inaugural Australia-US Business week
Minister Robb will lead an Australian business delegation for a series of high level trade, investment and tourism events in the US in 2016. The inaugural Australia-US Business week is a major initiative to increase Australia's business links with the world's largest economy. Businesses can register interest online.
Trade Articles sourced from non-Australian Government sources do not necessarily reflect the views of the Australian Government.