Tabling of the Trans-Pacific Partnership Agreement (TPP)
Minister Robb tabled the TPP and accompanying National Interest Analysis in Parliament on 9 February. Mr Robb said that the TPP was the most significant global trade and investment agreement since the Uruguay Round and it was open to other Asia-Pacific economies to join in the future, which will further amplify its benefits. The TPP will now be considered by the Joint Standing Committee on Treaties (JSCOT).
Welcome to Chinese visitors celebrating Lunar New Year
Minister Colbeck has welcomed the number of Chinese tourists who chose to visit and celebrate the Lunar New Year in Australia this week. China has an important role in Australia’s tourism industry, with Mr Colbeck saying that by 2020, Chinese overnight visitor expenditure in Australia is expected to exceed $13b.
Ecotourism opportunities in Christmas Island National Park
Opportunities are available for tourism operators, in partnership with Parks Australia, to explore possible commercial ecotourism ventures within the Christmas Island National Park. The park has potential to add to the growing market for nature-based tourism in Australia, with over 5 million international tourists undertaking a form of nature-based activity in 2014.
Vietnam seeks Australian expertise in agribusiness R&D and education
Austrade reports that the rapid growth of Vietnam’s agribusiness sector has increased demand for qualified expertise in both agribusiness R&D and education. Australian businesses are encouraged to examine these opportunities, with exporters invited to attend the Australian Agribusiness Research and Innovation Showcase in Hanoi 25-27 April 2016.
4 things to know about the new era of global trade
This World Economic Forum article explains how, in the new era of slower world trade growth, companies and governments should adjust strategies to capture value. Areas of focus include the customer’s need for ‘fast products’, multilayer global manufacturing and supply platforms, international e-commerce and repurposing of goods.
5 tips to grow your Chinese business networks in the Year of the Monkey
In celebration of the Lunar New Year, this Business Insider article examines how Australian businesses can strengthen and grow their Chinese business networks. It highlights the following 5 tips: respect the local festivities and public holidays; maintain face and harmony; practise guanxi; invest in relationships; and understand Chinese business etiquette.
Did you know…
Oranges are a popular fruit to display during Chinese New Year, symbolising wealth or gold. In 2015, Australia’s exports of fresh/dried oranges to China were worth over $37 million.
Upcoming trade events
The China Update: Business Opportunities for Australia | 16 February-09 March 2016
In the lead up to Australia Week in China (AWIC) 2016, Austrade, the Australia China Business Council and PwC will be holding seminars on the opportunities for business engagement with China. The seminars will provide the latest information on China and the AWIC program from leading business, industry experts and government representatives.
Australia Week in China 2016 | 11-15 April 2016
Led by Minister Robb, AWIC 2016 will consist of trade, investment, education and tourism promotion events designed to highlight the commercial opportunities available in China. The program will feature trade and investment seminars, roundtables, site visits, product showcases and networking opportunities with Chinese business, industry and government.
Trade policy workshops: Advancing trade development in Australia | 9 May | 13 May | 23 May | 27 May 2016
These practical one day workshops by the Australian Institute of Export coordinate the industry’s voice on key issues affecting trade in order to facilitate positive outcomes for exporters and importers. The workshops cover topics such as trade policy and the WTO, advancing trade development and trade promotion and improving trade facilitation.