Trade Talk, 9 July 2015

Upcoming trade events

North Asia Free Trade Agreements Seminars: Gladstone 15 July ǀ Townsville 16 July

Register to find out how you can take advantage of Australia’s North Asia Free Trade Agreements. These interactive sessions will give you information on the practical benefits that your business could realise from Australia’s FTAs with China, Japan and Korea.

Register: North Asia FTA information seminars

AUSFTA benefits continue to flow 10 years on

On the 10th anniversary of the Australia-US Free Trade Agreement (AUSFTA), 90 per cent of Australian imports enter the US tariff free, 98.4 per cent of US tariff lines will be duty free by 2023. In 2014 $7.5 billion, out of a total $7.6 billion, of US imports into Australia were tariff-free.

TIM Media Release: 10 years of Australian businesses making use of AUSFTA

North Asia FTAs generate benefits for cattle producers

Australia’s largest privately owned cattle producer says Australia’s recent FTAs with China, Japan and Korea are generating benefits. The company has a strong focus on Asian markets and has seen a 38 per cent rise in revenue over the year to March 2015, with cattle numbers up three per cent to 384,000.

SBS News: Cattle firm enjoys trade deal benefits

Collaboration key to unlocking Aboriginal tourism potential

According to a new study, nine per cent of all international visitors experience Aboriginal culture while in Australia. The study encourages small tourism businesses to collaborate in order to deliver more Aboriginal tourism experiences in a sustainable and culturally sensitive manner.

Travel Weekly: Aboriginal Tourism is growing in popularity with visitors Down Under

Business Envoy: July edition out now

In this edition of DFAT’s Business Envoy learn about China’s ambitious ‘One Belt, One Road’ initiative to invest in infrastructure over the next decade, hear from Australia’s Ambassador to China, Frances Adamson, and get the latest perspectives from Australia’s diplomatic network around the globe.

DFAT online publication: Business Envoy

Australia donates $ 1 million to WTO Trade Facilitation Agreement Facility

Australia has contributed $1 million to the WTO’s Trade Facilitation Agreement Facility to help developing countries implement the WTO’s Trade Facilitation Agreement. Australia’s Ambassador to the WTO said implementation of the Agreement will cut costs, contribute to growth and create jobs.

WTO News: Australia donates AUD 1 million for Trade Facilitation Agreement Facility

Azevêdo: WTO members must bring down excessive trade costs

Speaking at the WTO’s Fifth Global Review of Aid for Trade, the WTO DG said members must do more to reduce excessively high trade costs.  Azevêdo urged members to implement the Bali package, including the Trade Facilitation Agreement, and to deliver outcomes at the 10th Ministerial Conference in Nairobi.

WTO News: “Clear and immediate actions within reach” to reduce trade costs

BRICS Trade Strategy: Time for a Rethink

At a time when each of the BRICS’ exports are falling and only India is expected to see faster economic growth in 2015 and 2016, this Global Trade Alert Report from the Centre for Economic Policy Research argues that the trade strategy of the BRICS should be rethought. Download the full the report.

CEPR GTA Report: BRICS Trade Strategy: Time for a Rethink

Invest in Australian tourism today

Australia is the 8th largest tourism market in the world and known as a secure and stable environment for investors. The Australian Tourism Investment Opportunities Database was compiled by state and territory governments and gives examples of opportunities in Australia’s capital cities and growing regional centres.

Tourism Investment: The Australian Tourism Industry is open for investment

Did you know?

Australia exported around $43 million of motor boats for pleasure or sport to the US in 2014. Making the US our largest destination for motor boat exports.

Last Updated: 9 July 2015