Trade Talk 12 June 2014

Trade TalkAustralian Government, Australia Unlimited

Trade Talk brings you a selection of the latest trade news from Australia and the world.

Trade and Investment Minister advances commercial opportunities in North America

Andrew Robb is visiting Canada and the US in conjunction with a CEO delegation led by the Prime Minister. "The focus of the trip is on achieving commercial outcomes with two important trade and investment partners" said Mr Robb. The US is the largest foreign investor in Australia while Canada is the 10th largest.

TIM Media Release: Robb seeks further investment from North American markets

Inaugural Trade and Investment Policy Advisory Council (TIPAC) meeting

Andrew Robb chaired the first TIPAC meeting on Friday 6 June. The council will further the Government's trade and investment agenda. Members discussed a wide range of issues including how Australian companies can better tap into global markets and how to attract a larger volume of foreign investment.

TIM Media Release: Trade and Investment Policy Advisory Council inaugural meeting

Asia Pacific integration drives Australia's two-way trade to equivalent of 42% of GDP

Australia's two-way trade with the world grew by 3.7% to $648b in 2013. Two-way trade was equivalent to 42% of GDP, up from 32% in 1990. Growth was underpinned by Australia's trade with East Asia, which grew 7.6% year-on-year to $367b. Asia accounts for six out of Australia's top-10 trading partners.

Austrade:  Asia-Pacific integration drives Australia’s two-way trade to A$648 billion

Five challenges to Asia's economic future

According to the IMF, Asia’s economy will surpass the US and Europe’s combined in less than two decades. The IMF has identified five challenges for Asia as it pursues sustained economic growth including; the middle-income trap, governance, an aging population, rising inequality and financial development.

IMF: Asia Faces Five Challenges to Its Economic Future

China's growth to moderate with continued economic transformation

According to the World Bank, China’s growth will moderate over the medium term as the economy continues to rebalance. Chinese growth is expected to slow to 7.6% in 2014 and 7.5% in 2015, down from 7.7% in 2013. Australia’s two-way trade with China grew by 20% in 2013.

World Bank:  China's Growth Moderates with Continued Economic Transformation

Debunking attitudes to Foreign Direct Investment (FDI)

Why is FDI so sensitive? Does FDI Work? The Lowy Institute explores these questions and more in this candid piece on Foreign Direct Investment, examining attitudes to foreign investment based on its recent survey and real-life examples.

The Lowy Interpreter:  Foreign direct investment: Ten simple questions

Did you know?

China was the world's largest economy from 1500 until the late 1800s, when it was surpassed by the US. According to data from Angus Maddison at the University of Groningen, its time as the largest economy was briefly interrupted in the 18th century when India took a turn at the top.

Trade articles sourced from non-Australian Government sources do not necessarily reflect the views of the Australian Government.

Last Updated: 12 June 2014