Trade Talk, 1 October 2015

Upcoming Trade Events

North Asia Free Trade Agreements Information Seminars: 07 October Elmore VIC

*SPECIAL EXPRESS SEMINARS AT ELMORE FIELD DAYS* Current or prospective exporters: don’t miss these free, one hour interactive sessions explaining the practical benefits your business could realise from Australia’s historic FTAs with China, Japan and Korea, our three largest export markets. Choose from three sessions – 0900; 1100 or 1300.

Register: North Asia FTA information seminars

Women in Global Business (WIGB): 13 Oct Darwin | 14 Oct Alice Springs | 16 Oct Brisbane

Australian women interested in exploring business opportunities in China and India are invited to register for the 2015 WIGB speaker series. Hear from experienced speakers with specific market expertise on both the challenges and successes of their export journeys.

Register:  Speaker Series: Women in Global Business – Unlocking India and China opportunities

Indonesia Australia Business Week 2015: 17-20 November Jakarta

Minister Robb will lead an Australian trade and investment mission to Indonesia from 17 to 20 November.  The mission aims to enhance bilateral relationships through high-level political and commercial exchanges, and promote Australia and Australian capability. Register interest by 16 October.

Register: Indonesia Australia Business Week 2015

Trans-Pacific Partnership Agreement (TPP) negotiations

Minister Robb is in the United States this week to participate in a ministerial meeting of TPP parties. The ministerial will aim to conclude the 12-nation deal. The TPP promises to deliver new market access for Australian goods, services and investment, and enhance access to global and regional value chains, including for SMEs.  The agreement is also expected to cover a range of so-called 21st century issues, such as e-commerce, to reflect the contemporary realities of the global economy.

TIM Media Release: Robb departs for crucial regional trade pact (TPP) talks

The slowdown of global trade

Since the global financial crisis, global trade growth has largely been slowing - from an average of 7% per year pre-2008 to an average growth of 3.4% between 2012 and 2014. This report by CSIS examines the reasons for the slowdown, and the role of government policies in boosting economic growth.

Cracking the nut market in China

The value of Australia’s nut industry is expected to expand as a result of China’s growing appetite for almonds, pecans and macadamias. According to this ABC article, the sales forecast for almonds alone is expected to hit $600m in 2015-16. Demand for Australian nuts is expected to be further stimulated when the China Australia Free Trade Agreement comes into force.

ABC News: Chinese consumers going crazy for Australian nuts

More Aussie beef on South Korean plates

The Land reports on the growing taste for Australian beef in Korea, as demand for imports continues to rise. This, combined with lower tariffs under the Korea-Australia Free Trade Agreement, is good news for Australian beef exporters.

The Land: South Korea’s beef appetite grows

Did you know?

Australia is the largest supplier of beef to South Korea, supplying 50.6% (US$847 million) of their total imports in 2014.

Last Updated: 1 October 2015