Trade Talk, 14 April 2016

Australia Week in China

As part of Australia Week in China (AWIC) 2016, Minister Ciobo and over 1,000 Australian business leaders have explored trade and investment opportunities made available under the China-Australia FTA. It is anticipated AWIC 2016 will lead to significant outcomes for Australia, acting as a catalyst for increased export sales and investment.

Australia Week in China 2016 explores new frontiers in education and tourism

Australian tourism and international education providers this week have had the chance to examine the opportunities available for their sectors during the AWIC trade mission. China is an important market for these sectors and is our largest source of international students and our highest spending tourism market, Senator Colbeck said.

Canberra business groups strengthen links with Singapore

A new MoU between the Canberra Business Chamber and Singapore Business Federation will open doors for businesses based in the Canberra region. The initiative presents new network opportunities, by connecting local businesses globally, and promoting the expansion of trade between the Australian Capital Territory and Singapore.

World Economic Outlook: Global economy to grow 3.2 per cent in 2016

Global economic growth continues, albeit at a slow-moving pace, according to the IMF’s latest World Economic Outlook (WEO). Driven primarily by emerging markets and developing economies, growth of 3.2 per cent is projected in 2016, strengthening to 3.5 per cent 2017.

Trade growth to remain subdued in 2016

The WTO forecasts that the volume of world trade growth in 2016 will remain subdued at 2.8%, however it is expected to rise to 3.6% in 2017. Risks to these forecasts are mostly downside, such as a sharper than expected slowdown in China, although there are also some upside risks.

Australians doing business in China: Five questions

In this ABC article, four Australian executives share their experiences about running a business while living in China. The executives provide valuable insight into the challenges and opportunities which they encountered and explain the importance of ‘guanxi’, a Chinese concept for networking and relationships.

Did you know...

In 2015, over 136,000 Chinese students studied down under. This was the highest of any nationality and accounted for nearly 28% of all international students in Australia.

Upcoming trade events

North Asia Free Trade Agreements Information Seminars

Nowra & Orange NSW 18 April | Campbelltown NSW 19 April 2016

If you are a current or prospective exporter don’t miss these free, interactive sessions which explain practical benefits your business could realise from Australia’s historic FTAs with three of our largest export markets – China, Japan and Korea. Seminars also occurring in Perth WA, Renmark SA & Darwin NT 27 April 2016.

Register

Know-How for Inbound Tourism Excellence program

27 April – 29 June 2016

A new program to help businesses connect with the $36.6b international tourism market has been launched by the Australian Tourism Export Council. The Know-How for Inbound Tourism Excellence or KITE program prepares tourism businesses for international readiness, providing market specific insights and specialist topic webinars. Visit the registration page to search for dates and locations.

Last Updated: 14 April 2016