Trade Talk 6 August 2015
Upcoming trade events
North Asia Free Trade Agreements Seminars | Canberra 12 August
Register to find out how you can take advantage of Australia's North Asia Free Trade Agreements. These interactive sessions will give you information on the practical benefits that your business could realise from Australia's FTAs with China, Japan and Korea.
Australian technology mission to Brazil
Australian businesses interested in targeting the Brazilian ICT market should register now to be part of the 2015 technology mission to Brazil. The mission is timed to include Futurecom, the main ICT event in Latin America, which attracted 14,500 visitors in 2014, and meet with key industry players in Brazil.
Australia's APEC Ambassador
Ministers have announced Mr Brendan Berne as Australia's Ambassador for Asia-Pacific Economic Cooperation (APEC). Mr Berne will take forward Australia's APEC agenda, including services trade liberalisation, advancing the Free Trade Area of the Asia-Pacific, and promoting the growth of global value chains.
Australia's exports shift to a broader base in 2014-15
In the latest export figures released by the Australian Bureau of Statistics (for June), the value of Australia's total exports in 2014-15 was $319b, a decrease of 4%. Australia's services, manufacturing and rural exports experienced strong growth in 2014-15, cushioning the impact of lower resource export earnings.
Composition of Trade 2014: out now
The latest edition of DFAT's authoritative compendium of statistics on merchandise exports and imports, Composition of Trade 2014, is out now. The publication analyses the growth, direction and commodity breakdown of Australia's trade over the last three years, including data on Australia's top 25 trading partners.
APEC tool to help meet Asia-Pacific need for infrastructure funding
APEC members have introduced a ground-breaking guide to help meet the Asia-Pacific's need for infrastructure funding and build greater capacity for growth in the region. The guide will make it easier to set up public-private partnership and facilitate joint infrastructure projects in APEC economies.
Changes to Business Travel Card to benefit Australians travelling for business
The APEC Business Travel Card (ABTC) has been extended to five years, providing significant benefits to Australians travelling in the region for business. Through a single application, the ABTC will provide successful applicants a five-year, short-stay, multiple-entry visa to participating member economies.
New data shows growth in inbound tourism to Australia
Data released this week shows solid growth in inbound tourism to Australia for the year ending March 2015. Expenditure from the US increased by 14%, China overtook the US as the top market for leisure visitor expenditure and 14 of Australia's top 20 markets had record arrivals during the period.
Record breaking $32.5 billion spent by international visitors to Australia
In the 12 months ending March 2015, international visitors to Australia aged 15 years and over spent a record breaking $32.5b. Leisure travel was the highest earning sector with China the highest value inbound market up 25% to $6.4b.
Australian exporter confidence on the rise: DHL Export Barometer
Australian exporter confidence is at its highest since 2011, according to DHL's 2015 research into export trends. Two-thirds of Australian exporters expect orders to increase over the coming year and more than half saw increased orders in the past year. A growing number of Australian exporters (80%) also import.
Did you know?
Australia's two-way trade with APEC members was over $482b in 2014, accounting for almost 73% of Australia's global trade. In 2014 Australia exported $7.0b worth of beef to APEC countries, up 38% on 2013.