Trade Talk, 9 March 2017
Indonesia-Australia Business Week
The IABW will help create more export opportunities for Australian businesses by focusing on industry sectors where our expertise matches Indonesian commercial potential, Minister for Trade, Tourism and Investment Steven Ciobo said this week. Minister Ciobo reiterated both countries are working diligently towards concluding the Indonesia Australia Comprehensive Economic Partnership Agreement this year in an interview with ABC radio on 6 March.
Agriculture a prosperity powerhouse
"The gross value of agricultural production is forecast to hit a record $63.8 billion in 2016–17" and "the total value of Australian farm exports has now increased for six consecutive years in nominal terms, up $10 billion dollars from $38.2 billion in 2012–13 to a forecast $48.7 billion in 2017-18" the Acting Prime Minister and Minister for Agriculture and Water Resources Barnaby Joyce said on Tuesday.
March business envoy puts Vietnam out front
Few countries better exemplify the benefits of trade and investment liberalisation than Vietnam, Minister for Trade, Tourism and Investment Steven Ciobo stated in the March edition of business envoy released last week. DFAT's envoy provides Australian business with a direct line to Australia's global diplomatic network, offering perspectives and insights on the economic and market impacts of geopolitical events and trends.
Education technology report
Austrade has released a report on the United States education technology sector. This report should assist Australian education technology organisations considering the US market, and seeking suitable partners, funding sources or collaborators.
New help for Australian businesses to expand internationally
The Australia and New Zealand Banking Group (ANZ) has launched a new digital tool to help Australian businesses plan for international expansion with a one-stop-shop that provides data-driven insights to support export plans. ANZ Be Trade Ready, produced in collaboration with the Export Council of Australia, offers businesses information about benchmarking, forecasting of revenue and capital requirements, as well as access to information on Free Trade Agreements.
2017 Essay Award for Young Economists
The WTO has issued a call for young economists to submit papers for the 2017 WTO Essay Award. The award aims to promote high-quality research on trade policy and international trade co-operation and to reinforce the relationship between the WTO and the academic community. Essays must be submitted by 2 June 2017.
Roberto AzevÃªdo reappointed WTO Director-General
Australia and other WTO members agreed by consensus to appoint Roberto AzevÃªdo for a second four-year term as Director-General. Mr AzevÃªdo, whose second term will begin on 1 September 2017, earlier outlined his vision for the future and took questions from the membership on challenges facing the organization.
Did You Know?
Vietnam was Australia's 15th largest trading partner in 2015-16. Our total trade with Vietnam has been growing at 12.6% per year over the last five years. Our top export in 2015-16 to Vietnam was crustaceans, and top import was telecommunications equipment and parts.
Upcoming Trade Events
North Asia FTA Training Sessions - ChAFTA
Various locations, 15 March - 23 May
With the help of a Free Trade Agreement Training Provider Grant, the Australia China Business Council is conducting a ChAFTA Training Program across Australia to train businesses on how to utilise ChAFTA and reap the benefits of a deeper engagement with China.
North Asia FTA Training Session for SMEs - Agribusiness workshop
Canberra, ACT, 15 March
With the help of a Free Trade Agreement Training Provider Grant, Charles Sturt University's Centre for Customs and Excise Studies will deliver a workshop with a plenary session on Market Awareness and two breakout sessions on Technical Training and Transport and Logistics Management.
Destination Australia 2017
Sydney, NSW 16 March
This year's #DestAus17 will bring together top executives from Tourism Australia and leading international companies to focus on the top global megatrends defining travel in 2017; how Tourism Australia is tapping into high-yield international markets to increase the tourism spend; how global political, economic and demographic trends will affect Australian tourism; the latest travel insights from internet search tools, and key factors in growing demand from Asia's expanding middle class.
North Asia FTA Training Sessions for SMEs – Korea and Japan
Newcastle, NSW, 16 and 17 March
With the help of a Free Trade Agreement Training Provider Grant, the HunterNet Group Training Company will deliver seminars on the Korea-Australia Free Trade Agreement and the Japan-Australia Economic Partnership Agreement. Sessions will focus on understanding the Korean and Japanese markets and how KAFTA and JAEPA can help.
Business SA: Understand and Utilise FTAs
Port Lincoln, SA, 22 March
Business SA's FTA training sessions are developed and delivered by industry experts with extensive exporting experience in China, Japan and Korea and are targeted towards SMEs, export managers, international sales and marketing specialists and logistics and procurement specialists. The sessions will cover the essential elements of FTAs, including tariff classifications and preferential tariff schedules, rules of origin and certificates of origin.