Latest international investment figures released
The level of foreign investment in Australia increased $153.3b (5%) to reach $3,192.4b for the year ended 31 December 2016 and the United States remained the leading investor country, with investments totalling $860.9b. The level of Australian investment abroad reached $2,170.8b for the same period and the leading investment destination country was also the United States, with investments totalling $617.4b.
Australian Bureau of Statistics
Landmark report details Australian investment footprint
Minister Ciobo released a first-of-its kind report profiling the significance and benefits of Australian investment in the US this week. Australia’s Investment Footprint in the US identifies California as home to the most diverse portfolio of Australian investment in the US, spanning 83 industries including manufacturing, retail, finance and wine production.
Business delegation visit to attract more US investment in Australia
Minister Ciobo led a delegation of senior Australian business people leaders on a visit to Los Angeles to promote investment in Australia’s tourism, infrastructure, resources and advanced manufacturing industries. Since the Australia – United States Free Trade Agreement came into force in 2005, two-way investment stock has grown by 128 per cent.
FTA Portal expands to cover more markets
The FTA Portal, a website providing practical and user-friendly information about exporting under Australia’s free trade agreements, has been expanded to cover 14 countries following the addition of information relating to Singapore, Thailand, Indonesia, Vietnam, Philippines, Brunei, Cambodia, Myanmar and Laos. Minister Ciobo said the FTA Portal has attracted more than 60,000 unique users since its launch in March 2016, and is being used around 2000 times a week.
Trade can help energize economic recovery
WTO Director-General Roberto Azevêdo made the ‘forgotten’ case of the benefits of trade and the global trading system in an address to the B20 Summit held in Berlin last week as part of Germany’s 2017 G20 Presidency. The Director-General argued that trade-fuelled growth should be seen as part of the solution to job losses driven by technological innovation and automation.
More flexible finance options for Aussie exporters
Efic has announced new unsecured Small Business Export Loans which are more flexible with loan amounts from $20K up to $350K, conditional approval for up to 90 days, and funds available in as little as nine business days.
Did You Know?
Over 400 Australian parent companies with 1500 individual entities currently registered in the US employ an estimated 180,000 people there.
Upcoming Trade Events
Australia's FTAs - Reduce your costs, grow your business and improve your bottom line
Virtual event, WA, 18 May
This seminar will cover a variety of topics, from the basics of what an FTA is, through to explaining the price advantages and market access they deliver. This is a four-part webinar event with previous sessions available for download. The focus of the 18 May event is how FTAs can assist you with international investment.
Latin American Infrastructure Forum 2017
Melbourne, VIC, 23 May
This Forum will focus on the infrastructure developments taking place across the Latin American region. Presentations, panel discussions and one-on-one meetings will cover topics including the pipeline of projects on offer, strategies for accessing them and what needs to be considered when investing or participating in projects in the region.
ChAFTA Training Program
Wollongong, NSW, 23 May
With the help of a FTA Training Provider Grant, the Australia China Business Council and the Export Council of Australia are conducting a ChAFTA Training Program to train businesses on how to utilise ChAFTA and reap the benefits of a deeper engagement with China.
North Asia Free Trade Agreements Training Session for SMEs
Warrnambool, VIC, 24 May
This Victorian Chamber of Commerce and Industry North Asia FTA Training Session will take participants through the key trends and opportunities in Japan and Korea markets, and provide information needed to start exporting your goods under JAEPA and KAFTA.