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. Next week's edition will contain information on upcoming consultations in Sydney and Melbourne.
Record Aussie beef exports fuelled by growth in China and Middle East
Exports of beef and veal reached record highs in May, with exports exceeding 100,000 tonnes for the first time according to the Department of Agriculture, Fisheries and Forestry. Exports to China increased fifteen fold on the previous year while exports to the Middle East increased by 47%.
Press Release: Aussie red meat exports reach record high
3rd consecutive trade surplus for Australia
Australia recorded its third consecutive trade surplus in April ($28 million seasonally adjusted), despite a fall in exports and a rise in imports. Rural exports were up by over 2 per cent, with exports of meat rising 3 per cent to $680 million in April.
Press Release: Third consecutive monthly trade surplus
Global trade surpasses pre-GFC levels
Global trade has recovered past pre-GFC levels according to a report released by the Productivity Commission. The Commission also analysed the increase in protectionist measures post GFC, noting that the ‘onset of the GFC was marked by an increase in worldwide protectionist measures and that these measures continue to expand’.Report: Trade and Assistance Review 2011-12
European Commission imposes duties on Chinese solar panels
The European Commission (EC) has imposed provisional anti-dumping duties on Chinese solar panels. An EC investigation into Chinese solar production revealed that China is producing 150% of the world’s consumption of solar panels. The move has split EU member countries according to media reports, with 18 out of 27 members reportedly against the decision.
International Centre for Trade and Sustainable Development: EC imposes duties on Chinese solar panels
WTO Aid for Trade to further Caribbean integration
WTO Director-General, Pascal Lamy has launched a WTO strategy to further trade integration in the Caribbean as part of the “Aid for Trade” program. In a speech delivered in Haiti, Lamy stated that “intra-Caribbean trade stands at just 13% (of total trade) which is on average, 46 % below its trade potential”.
Myanmar unveils $500 million tourism plan
Myanmar has unveiled a tourism master plan in an effort to attract more foreign tourists to the country. The US$500million plan focuses on improving tourism infrastructure in an environmentally sustainable way. The plan forecasts visitor arrivals to increase to 7.5 million by 2020, a seven fold increase from current numbers.
Asian Development Bank: Myanmar Unveils $500 Million Tourism Plan
Did you know?
A Sizable Surplus. Australia’s largest ever monthly trade surplus (seasonally adjusted) was recorded in June 2010. The surplus was a staggering $AUD2.7 billion!