Trade Talk, 6 April 2017
Japan FTA delivers export boom and another tariff cut
Tariffs under the Japan-Australia Economic Partnership Agreement were cut for the fourth time on 1 April 2017. "These tariff cuts continue to give Australian exporters a competitive edge in Japan, our second biggest trading partner" Minister for Trade, Tourism and Investment Steven Ciobo announced earlier this week.
One year to go to Games worth around $2 billion
The Commonwealth Games will be the biggest international sporting event staged in Australia for a decade and the largest ever hosted by the Gold Coast, Minister Ciobo said this week. The Games are expected to provide a significant economic impact, worth an estimated $2 billion.
Helping Aussie businesses with export know-how
The 70th Free Trade Agreement Information Seminar was held in Brisbane this week with a keynote address by Minister Ciobo and trade experts on hand to help businesses understand how they can benefit from the preferential market access under the North Asia FTAs.
Latest monthly trade barometer
The balance on goods and services trade in February 2017 was a surplus of $3.6 billion, an increase of $2.1 billion on the surplus in January 2017 and the second highest trade surplus ever.
Visit to build closer links with Vietnam
Assistant Minister for Trade, Tourism and Investment Keith Pitt is visiting Vietnam this week to promote commercial ties with one of the fastest-growing economies in Southeast Asia. Minister Pitt will also hold talks with senior government and business representatives to explore further trade and investment opportunities for Australian companies.
DFAT's ongoing public consultations on FTAs
DFAT welcomes written submissions from interested people and organisations on FTAs. DFAT undertakes extensive stakeholder engagement to inform whether or not to enter negotiations, FTA negotiating priorities and approaches to work programs under existing agreements.
Did you know?
Between 2014 and 2016 Australian exports to Japan of fresh table grapes increased 5,186.8 per cent to $30.7 million, carrot exports increased 500.2 per cent to $3.4 million and fresh or chilled beef exports increased by 22.5 per cent to almost $1.1 billion.
Upcoming Trade Events
Free Trade Agreements Information Seminar
Wangaratta, VIC, 11 April; Albury, NSW, 12 April
Find out how you can take advantage of Australia's FTAs with China, Japan and Korea at these interactive seminars involving an address by Assistant Minister for Trade, Tourism and Investment, Keith Pitt.
Tourism Industry Council Tasmania: Export Boost Workshop
Hobart, TAS, 11 April
This new Quality Tourism Workshop, Export Boost, has been designed to assist Tasmanian Tourism businesses curious about the domestic and international market but not sure if their business is suitable or 'Export Ready'.
ChAFTA Training Program
Darwin, NT, 11 April and Perth, WA, 12 April
With the help of a Free Trade Agreement Training Provider Grant, the Australia China Business Council and the Export Council of Australia are conducting a China-Australia FTA Training Program to train businesses on how to utilise ChAFTA and reap the benefits of a deeper engagement with China.
Opportunities for the Australian Financial Services Sector in Asia
Melbourne, VIC, 19 April
This North Asia Free Trade Agreements Training Session will outline the improved market access opportunities arising from Australian recent FTAs with Korea, Japan and China and the potential benefits for financial services companies seeking to expand in these fast growing Asian markets. It will also provide an update of the Asian Regional funds Passport and the proposed Government FinTech regulatory `sandbox' initiatives to support industry development.
Introduction to International Education and Free Trade Agreement Workshops
Brisbane, QLD, 21 April
This workshop will offer international education providers a deeper understanding of the international student market, an assessment of export capacity and readiness, and information on how to leverage FTAs to create new opportunities.