Trade Talk brings you a selection of the latest trade news from Australia and the world.
July exports rise underpinned by diversity in major trading partners
Australian exports rose 1% in July to $27 billion as Australia meets growing demand across its major trading partners. The value of Australia’s merchandise exports to the EU grew 29% in the year to July, exports to the US grew 26% and exports to East Asia grew 3.9%, despite a 1.4% fall in exports to China.
TIM Media Release: New data shows export rise in July
Two countries, one visa for 2015 Cricket World Cup
International visitors to Australia and New Zealand for the 2015 Cricket World Cup will only need to apply for one visa under a new arrangement. Between 26 January and 5 April 2015, New Zealand will grant a visa on arrival to visitors who already hold an Australian visa.
Assistant Immigration Minister: Two countries, one visa for the 2015 Cricket World Cup
Trade and Investment Minister to lead 300-strong business mission to India
Minister Robb will lead a 300-strong business mission to India early next year to boost trade and commercial ties with the world’s second-most populous country. The mission will coincide with Australia Business Week in India to be staged in January 2015.
China FTA discussed at Australia-China Foreign and Strategic Dialogue
The second Australia-China Foreign and Strategic Dialogue took place in Sydney on September 7. Foreign Minister Bishop met with her Chinese counterpart, Wang Yi, to discuss a number of issues, including re-affirming Australia’s commitment to conclude a Free Trade Agreement with China by the end of the year.
FM Media Release: Australia-China Foreign and Strategic Dialogue
China's Wanda Group to develop first five-star beachfront hotel in Surfers Paradise
China’s largest five-star hotel owner, Dalian Wanda Group, is investing US$900 million in a three-tower five-star hotel complex on the Gold Coast. The Wanda Group identified Australia as a priority market for investment following an investment round table during Australia Week in China earlier this year.
Austrade: China’s Wanda Group to develop first five-star beachfront hotel in Surfers Paradise
Why Trade Matters - a US perspective
This paper explores the economic and strategic rationale of an ambitious domestic and global trade agenda from the perspective of the United States. The paper analyses the impact that increased trade has on global growth, development and security.
Brookings Institution: Why Trade Matters
More action needed to move away from market-distorting farm support, says OECD
Government support for agriculture in OECD countries remained on a downward trend in 2013, yet much of this support is still in a form that distorts markets. Support to OECD farm producers was 18% of gross farm receipts in 2013, down from 30% two decades ago. Support in Australia was only 3% in 2013.
OECD: More action needed to move away from market-distorting farm support, says OECD
Did you know?
Australia exports around two-thirds of its total agricultural produce. In 2013-14, Australia's farm exports reached a record high of $41b.
Trade articles sourced from non-Australian Government sources do not necessarily reflect the views of the Australian Government.