Net exports drive economic growth
Australia's exports underpinned solid economic growth in the March quarter of 2016, contributing a seasonally adjusted 1.1 percentage points to total growth in the quarter, according to the latest ABS data. Mining and travel services led the way, with resources exports up 6.4% and travel services exports up 7.7%.
ABS: Media Release
Kimberley Regional Investment Blueprint launched
The Kimberley Regional Investment Blueprint which identifies investment priorities for the development of the region over the next 20 years has been released. Priorities include leveraging foreign investment, maximising flows of foreign investment capital, and attracting foreign investment for the development of land, ports, transport and processing.
Australia's mining prowess on show in Chile
Chile's strong demand for Australia's mining capabilities and expertise was highlighted during the recent Expomin 2016, Latin America's largest mining conference. In Chile our mining, equipment, technology and services are highly regarded, consistently seen as global leaders on price, technology and productivity, Austrade reports.
Seven surprising things you probably don't know about ASEAN
Did you know the number of consumer households in the Association of Southeast Asian Nations is expected to almost double by 2025? To coincide with the World Economic Forum on ASEAN in Kuala Lumpur, the WEF has published an article highlighting ASEAN's economic might and its potential influence on world trade.
WEF: Full Article
WTO issues 2016 Annual Report
The 2016 WTO Annual Report has been published and provides a comprehensive overview of the WTO's 2015 activities. The report highlights major events including the 20th anniversary of the WTO, the Nairobi Ministerial Conference, the 5th Global Review of Aid for Trade, the 2015 Public Forum and the WTO's Open Day.
WTO: Full Report
Did you know?
Australia's total trade with ASEAN was worth $56 billion in 2005. A decade later, in 2015, this had risen to $96 billion. In 2015 our major merchandise export was gold and refined petroleum was the major import. The largest services export was education-related travel, while recreational travel was the largest service import.
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.
Visit the DFAT trade website for more on Australian trade, including FTA updates, the latest trade statistics and the Trade Talk archives.
Trade Articles sourced from non-Australian Government sources do not necessarily reflect the views of the Australian Government.