30 April 2015
Potential Australia-EU FTA would build economic growth, jobs and prosperity
Minister Bishop met with EU High Representative Federica Mogherini last week to take Australia-EU cooperation to a new level. Discussions focused on enhancing economic growth, jobs and prosperity in Australia and the EU through a potential new Free Trade Agreement.
India will benefit from trade and investment liberalisation
In a recent Op-Ed Minister Robb encouraged India to liberalise services trade and highlighted the enormous benefit India stands to gain from trade and investment liberalisation. Mr Robb noted his focus on concluding the Australia-India Comprehensive Economic Cooperation Agreement.
Investing overseas can help Australian companies remain competitive
Austrade research shows one-third of Australia’s top 2,000 companies hold direct investment in an overseas market. Companies that had invested overseas held investments in an average of 4.5 markets according to Austrade’s ‘Overseas Investment of Australian Companies’ publication.
The rise of Asia and the services opportunities for Australia
Services could become Australia’s number one export to Asia in terms of total value added by 2030. According to a new report, key factors in Australia becoming a major services provider include ensuring an open marketplace, advocating trade liberalisation and dialogue between business and government.
WTO makes progress on remaining Doha Round issues
WTO DG Azevêdo noted that whilst there is still a long way to go on concluding a work programme on the remaining Doha Round issues, progress has been made. Azevêdo said, “We have to maintain our focus on what is doable. We have to be prepared to leave our comfort zones. And we will all have to contribute.”
Public Forum an opportunity to reflect on 20 years of global cooperation in the WTO
The 2015 WTO Public Forum will mark 20 years of global cooperation in the WTO and provide an opportunity to discuss the contribution of the WTO to the world economy. The Forum will focus the role of trade in boosting growth, alleviating poverty, facilitating access to goods and promoting peace.
Economic Diplomacy in action
Economic diplomacy is at the heart of Australia’s international engagement. Newly released case studies showcase the high quality work undertaken by Australia’s diplomatic network to increase prosperity in Australia and around the world.
Did you know?
Education-related travel is Australia’s largest services export to Asia, accounting for 44%.