Trade Talk, 29 January 2015

Trade Talk brings you a selection of the latest trade news from Australia and the world.

29 January 2015

Australian tourism off to a flying start in 2015

Growth opportunities for Australia’s tourism industry are set to take off following a landmark new air services agreement between Australia and China. “This new deal with China will allow Chinese airlines to almost triple their services to Australia over the next two years”, said Deputy Prime Minister Truss.

Joint TIM and DPM Media Release: New air deal with China: 2015 off to a flying start for Australian tourism

AFC Asian Cup to give Australian tourism a free kick

The Asian Cup is likely to be the biggest sporting event in the world in 2015, attracting a television audience of over 1 billion. As Australia heads for the final on Saturday, PricewaterhouseCoopers estimates that the GDP impact from hosting the Asian Cup could be as much as $23 million.

Tourism Australia: AFC Asian Cup to give Australian tourism a free kick

ICTSD: Australia and India Pushing to Clinch Trade Deal in 2015

Australia and India are aiming to conclude negotiations on a Comprehensive Economic Cooperation Agreement this year. As India’s population and economy grows, one of its top trade priorities is energy. In an interview with ABC News, Minister Robb referred to India’s rapid growth as an “enormous opportunity” for Australia.

ICTSD Article: Officials: Australia, India Pushing to Clinch Trade Deal in 2015

Australian colours light up Empire State Building

New York’s iconic Empire State Building has been illuminated in green and gold to mark Australia Day. Foreign Minister Bishop and actor Hugh Jackman took part in a ‘Flicking of the Switch’ ceremony in New York last week. An estimated 215,000 Australians are in the US at any one time.

FM Media Release: Australian colours to light up Empire State Building

Johnson & Johnson subsidiary invests in medical research at Monash University

A subsidiary of Johnson & Johnson has signed a three-year agreement with Australia’s Monash University to undertake collaborative research into autoimmune disease. The collaboration will focus on ground-breaking research at Monash to develop new medicines to treat autoimmune diseases.

Austrade News: Janssen invests in medical research at Monash

Turkish Prime Minister outlines Turkey's 2015 G20 Presidency Priorities

Turkish Prime Minister Ahmet Davutoğlu outlined Turkey’s priorities for its G20 presidency at the World Economic Forum’s 45th annual meeting in Davos. The priorities include an inclusive approach to global growth, investment for growth and implementation of the decisions taken by the G20.

G20 News: Turkish Prime Minister Ahmet Davutoğlu Outlined Turkey’s 2015 G20 Presidency Priorities in Davos

East Asia Forum: The new normal of Chinese growth

The Chinese economy is widely perceived to have entered a ‘new normal’ of economic growth according to the East Asia Forum. Annual GDP growth has slowed to between 7% and 7.5% from the double-digit levels of previous years.

East Asia Forum Article: The new normal of Chinese growth

Did you know?

Australia’s top imports from Turkey in 2013-14 were Personal Travel (Australians visiting Turkey), Tubing and Piping, and Motor Vehicles. Together, these imports were valued at over $260 million.

Last Updated: 29 January 2015