Trade Talk, 9 February 2017

Trade grows jobs, lifts living standards

Prime Minister Malcolm Turnbull advocated the benefits of free trade at a book launch in Parliament House last night. "Successive Australian governments have embraced open trade because they recognised its vital role in lifting living standards." Right around the nation, the benefits from big export trade deals are delivering more investment, more employment, more and better jobs because they are opening up bigger markets to things that we do well, whether it is agricultural produce, whether it is services, whether it is education, whether it is tourism, he said.

Australian economy owes its strength to free trade

Free trade agreements make Aussie exports more keenly priced relative to our full tariff-paying competitors, Minister for Trade, Tourism and Investment Steven Ciobo said during an interview with 2UE's Matthew Tukakithis week. Minister Ciobo underscored Australia's commitment to pursuing open markets had delivered 26 years of continuous economic growth, unmatched by any other developed economy.

China-Australia Year of Tourism

Minister Ciobo and the Chairman of the China National Tourism Administration Dr Li Jinzao launched the China-Australia Year of Tourism on Sunday. Australia will run ministerial trade missions, a business events showcase and sporting, cultural and educational exchanges as part of the year-long two-way program of activities. Inbound tourism from China is already worth over $9 billion but the more visitors we can attract to Australia, the more jobs that will be created, Mr Ciobo said.

Global Macro Conference

The world order is being challenged – economically, strategically and technologically, Minister Bishop said in her speech at the Goldman Sachs Global Macro Conference in Sydney last week.  "History tells us that periods of great change can be disruptive and that means, while the challenges increase, so do the opportunities." Minister Bishop underscored the need for government and corporate leaders to better communicate the role of economic reform and foreign investment in delivering prosperity and supporting jobs, businesses and local communities.

State and Territory 2015-16 trade outcomes released

New South Wales, South Australia, the Australian Capital Territory and Tasmania enjoyed growth in both export volumes and values in 2015-16 according to DFAT's Trade by State and Territory report released this week. All Australian states recorded China in top position as their largest trading partner while Japan led two‑way trade for the Northern Territory and the ACT conducted most of its trade with Switzerland. 

Vegetable industry sets 40% export growth target

Horticulture Innovation Australia and AUSVEG's Vegetable Industry Export Strategy 2020 released last week aims to boost exports by 40 per cent by 2020 and almost double exports within a decade through export training programs, expanding opportunities for overseas buyer-engagement and product development for export success.

FTAs building opportunities for Australian wine

Wine Australia's latest market bulletin examines the impact of FTAs on the wine industry. Following the entry into force of the China and Korea FTAs exports grew by 40 per cent and 63 per cent respectively.  The immediate removal of the tariff on bulk wine through the Japan Economic Partnership Agreement saw growth of 131 per cent over two years.

Mining's 'making our future possible' campaign

A new Minerals Council of Australia campaign launched on Sunday outlines the contribution mining makes to Australian jobs, living standards and economic growth to counter perceptions of a post-boom reduction in the economic importance of the industry and rising anti-business sentiment.

Did You Know?

China's wine import market is growing dramatically. A decade ago just 340 Australian exporters sent $56 million worth of wine to China. Now, 1372 Australian exporters ship $520 million worth of wine to China.

Upcoming Trade Events

North Asia FTA Training Session for SMEs

Port Macquarie, NSW, 15 February 2017

With the help of a Free Trade Agreement Training Provider Grant, Charles Sturt University will deliver this workshop to help small and medium sized agribusiness companies access and utilise Australia's FTAs with China, Japan and Korea. The Program includes raising market awareness, regulatory requirements and supply chain management.

Foreign Policy White Paper Explained

Sydney, NSW, 15 February 2017

Former Secretary of DFAT Peter Varghese will participate in a discussion with the Lowy Institute about the White Paper process and how Australia should position itself to advance its interests over the next decade.

North Asia FTA SME Training Session

Melbourne, VIC, 16 February 2017

This Victorian Chamber of Commerce and Industry 3 hour workshop will take you through the key trends and opportunities in China and give you the information you need to export under the China-Australia Free Trade Agreement. Learn step-by-step how you can take advantage of preferential tariff treatment. This event will be held in Melbourne, Dandenong, Shepparton and Bendigo over the course of the year.

Business SA: Understand and Utilise FTAs

Adelaide, SA, 20 February 2017

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. This event will also be held in Port Lincoln on 22 March.

Free Trade Agreements Information Seminars

Kununurra, WA, 20 February; Darwin (round table), NT, 21 February; and Little Bay, NSW, 3 March

Find out how you can take advantage of Australia's FTAs with China, Japan and Korea at these interactive seminars involving a keynote speech by Assistant Minister for Trade Keith Pitt and sessions run by officials from DFAT, Austrade and other relevant government agencies.

Indonesia Australia Business Week 2017

Multiple Cities, 6-10 March

Minister for Trade, Tourism and Investment Steven Ciobo will lead the second IABW. It will showcase Indonesia's diverse commercial opportunities in five target sectors: the agrifood supply chain – equipment and technology, fintech services and technologies, vocational education and training, water and sustainable urban design, and tourism destination development and promotion. Each sector will offer its own seminars, roundtables, site visits and opportunities to meet and network with Indonesian business, industry and government.

Register

Last Updated: 9 February 2017