Trade Talk

7 June 2013

Trade In Services Agreement – Public consultations in Canberra

Australia is participating in negotiations in Geneva on a plurilateral Trade in Services Agreement (TISA). Consultations will be held in Canberra on Monday 17 June at DFAT from 3 – 4:30pm.

Further infomation on the Trade in Services public consultations

National Food Plan to address barriers to export

Australia will invest over $36 million to increase exports of food products and services. The National Food Plan seeks to increase access to export markets through addressing barriers to exports. The Plan includes a strategy for building a globally recognised food and related technologies brand for Australia.

Press Release:  National Food Plan earmarks over $36m to expand food exports

Merchandise trade trends - G7 & BRICS

Merchandise trade growth expanded in most G7 and BRIC economies during the first quarter of 2013 (Q1). The OECD’s trade statistics trends shows that all G7 and BRIC economies except Japan, Russia and South Africa recorded merchandise export growth in Q1, with very strong growth in India (6.8%), China (5.8%) and Brazil (5.1%).

Press Release:  International trade statistics: trends in first quarter 2013

EU-Thai FTA negotiations commence as EU seeks broader ASEAN agreement

Officials from the EU and Thailand have concluded the first round of negotiations for a Free Trade Agreement (FTA) in Brussels on 31 May. Thailand is the fourth ASEAN member state to conduct FTA negotiations with the EU, as the EU works towards a potential ASEAN-EU FTA. EU-Thai two way trade reached nearly €32 billion in 2012.

Press Release:  EU and Thailand FTA Negotiations

Russia: GVCs highlight protectionism as a significant global challenge

Global Value Chains (GVCs) underscore the choice between protectionism and an open global economy according to Russia’s Economic Development Minister, Andrei Belousov. At a G20-OECD conference on GVCs, Belousov said that preconditions, such as the elimination of protectionism, need to be met for the successful development of GVCs.

Speech:  Eliminating protectionism essential for GVCs development

International trade in an era of resource scarcity

The International Centre for Trade and Sustainable Development (ICTSD) examines the effects of resource scarcity on international trade. The article analyses recent price shocks in the resource trade and concludes by suggesting how the WTO can play a greater role in regulating international trade in food and resources.

Op-ed:  International trade in an era of relative resource scarcity

Did you know?

Punching above our weight.  In 2011 Australia accounted for 2.1% of all global exports of agriculture, fisheries, forestry, and rubber despite containing roughly 0.33% of the world’s population!

Visit the DFAT trade portal for more on Australian trade, including FTA updates and the latest trade statistics.