Trade Talk, 9 June 2016
Australia moves up the world competitiveness rankings
Australia rose a place in the IMD World Competitiveness Yearbook, from 18 to 17, moving up the rankings for the first time in five years. Notably Australia jumped from 27 to 12 on economic resilience, Committee for Economic Development of Australia Chief Executive Professor Stephen Martin said.
Tourists spend up big Down Under
International visitor spending continues to register record growth reaching $38b for the 12 months to the end of March this year. That's up 17 per cent or $5.4b according to the latest International Visitor Survey. Chinese visitor spend was up 38 per cent to $8.9b and USA visitor spend was up 22 per cent to $3.6b.
UK pension fund invests in northern Australian agribusiness
UK-based Pension Protection Fund has invested in the North Australian Pastoral Company, acquiring a stake in a consortium led by Queensland Investment Corporation. NAPCO is one of Australia's oldest and largest agribusinesses and beef producers and covers 5.8 million hectares, running about 200,000 head of cattle.
Review of Iran sanctions listings
DFAT invites members of the public to comment on a review of Australia's existing listings of ten individuals and entities designated under Australia's autonomous sanctions in relation to Iran. Details of the listings currently under review and how to make a submission can be found on the DFAT website.
More flights from Brisbane to Taiwan and Canada announced
Taiwanese airline EVA Air is set to more than double its flights between Brisbane and Taiwan with the launch of a five times weekly year round service from October. Also this week, Air Canada launched daily direct flights between Vancouver and Brisbane. Inbound tourism from Canada is growing with the new services expected to further boost the 135,000+ Canadian visitors each year.
Did you know?
Australia imported 51,999 pairs of skis last year valued at $7.5m, up from 48,590 pairs the year before. China overtook Austria as the leading supplier in 2015. According to the stats, we exported 1474 Australia-made pairs last year, up from 957 pairs the year before. The Australian ski season officially opens this weekend. Let it snow, let it snow, let it snow.
Upcoming Trade Events
Know-How for Inbound Tourism Excellence program
Margaret River 21 June I Gold Coast & Albany 23 June 2016
A new program to help businesses connect with the $36.6b international tourism market has been launched by the Australian Tourism Export Council. The Know-How for Inbound Tourism Excellence or KITE program prepares tourism businesses for international readiness, providing market specific insights and specialist topic webinars. Visit the registration page to search for dates and locations.
Medical Science and Health Services Mission Vietnam 2016
Hanoi and Ho Chi Minh City 18 – 22 July 2016
Austrade presents the first medical science and health services mission to Vietnam. This mission aims to provide Australian healthcare businesses the opportunity to be part of Vietnam's emerging healthcare market by allowing them to showcase their capabilities.
Speed Networking for International Business
Western Sydney, 5 July I Griffith, 6 July I Byron Bay, 12 July I Wollongong, 22 July 2016
The NSW Government and the Export Council of Australia invite you to attend a free Speed Networking for International Business program which covers important topics that matter to all international traders. Industry experts discuss topics including managing international freight risks, protecting your intellectual property rights, finance for success and FTAs.
Australian Trusted Trader information sessions
Perth, 14 June I Melbourne, 17 June I Sydney, 21 June I Brisbane, 22 June 2016
Australian Trusted Trader will be open to all Australian businesses involved in international trade from July 1. It is a free and voluntary program that recognises Australian businesses that meet international supply chain security and trade compliance standards. Information sessions are available to help you understand the benefits of ATT and how it can make your international business more efficient. Email firstname.lastname@example.org to register interest or for the Perth event email Sophie.Gillespie@fremantleports.com.au
Trade Articles sourced from non-Australian Government sources do not necessarily reflect the views of the Australian Government.