Trade Talk brings you a selection of the latest trade news from Australia and the world.
Record number of visitors from China travelling to Australia
Arrivals from China have more than tripled over the past ten years with a record number in 2013-14. Short-term trips from China have grown from 234,000 in 2003-04 to 769,000 in 2013-14 (trend). New Zealand, China, the UK, the USA and Singapore are the top 5 sources for short-term visitor arrivals.
Australian agriculture remains strong despite Russian bans
The Australian Government is working to ensure the continued success of Australian exporters in the wake of the Russian Government’s ban on imports of agricultural products, raw materials and foodstuffs from Australia and others. Australia’s trade with Russia is relatively small, representing only 0.4% of goods total trade 2013.
TIM Media Release: Australian agriculture remains strong despite Russian bans
UK company buys Australian yoghurt brand, builds Asia-Pacific premium food portfolio
UK company PZ Cussons has acquired Australian organic company five:am, expanding its Asia-Pacific presence. “five:am has a strong organic position in the category, and it has Australian provenance credentials” said Alex Kanellis, Chief Executive of PZ Cussons.
Austrade: UK’s Cussons buys organic Australian yoghurt brand, builds Asia-Pacific premium food portfolio
Exporter sentiment positive
Export Finance and Insurance Corporation (EFIC) surveyed 856 exporting SMEs in June and found that exporter sentiment was increasingly positive. The most important overseas markets continue to be China, Oceania/New Zealand and India, and export revenue is making up a larger proportion of overall turnover.
G20 teaching and learning resources for schools
In advance of the G20 Leaders’ Meeting in Brisbane, the Queensland Curriculum and Assessment Authority and the Department of Education and Training, have developed a G20 educational portal for school students. The portal features an interactive G20 map, videos and teaching and learning activities.
Queensland Government: G20 for schools
Australian wheat prices set to rise, as European harvests delayed by rain
The Australian cash price for wheat has jumped more than $10 a tonne as European harvests are hampered by downpours in France and Germany. Growing Asian trade and drought conditions in parts of China are also keeping the price up. Wheat is Australia’s 9th largest export, valued at over $6b annually.
ABC News: Australian wheat prices rise after rain hits European crops, delaying harvests
APEC Officials in Beijing to accelerate global recovery
Senior Officials from across the Asia-Pacific are meeting in Beijing to accelerate trade and global economic recovery. “Economic cooperation in the Asia-Pacific is at a critical juncture” said Li Baodong, Chair of the meeting. “There are signs of recovery but more is needed to keep our region moving in the right direction”.
APEC News: APEC in Beijing to accelerate global recovery
EIU: Business views on FTAs in Asia
The Asia-Pacific is at the centre of the global proliferation of bilateral and regional free trade agreements (FTAs). This report surveyed over 800 companies across the Asia-Pacific and looks at how these agreements are used by business, and whether business understands their potential benefits.
Economist Intelligence Unit: FTAs: fantastic, fine or futile?
Lowy Interpreter: G20 must save the WTO
Head winds ahead of Brisbane G20 Leaders’ Summit include the lowering of forecasts for global growth, economic sanctions and the future of the WTO and multilateral trading system. How should the G20 react to these head winds? It must confront them, argues this blog piece.
The Lowy Interpreter: G20 must save the WTO, among other things...
APEC Photo Contest 2014 now open
The 2014 APEC Photo Contest, reflecting how trade and economic cooperation affects the lives of people in the Asia-Pacific, opened for submissions on Wednesday in Beijing. The winner will receive SGD 2,000 while second and third prize winners will receive SGD 1,500 and SGD 1,000 respectively.
APEC News: APEC Photo Contest 2014 now open
Did you know?
Australia was the world's 4th largest exporter of wheat in 2013 accounting for around 12% of total world wheat exports. Australia's exports totalled 18 billion kilograms or enough wheat to make over 18 billion loaves of bread!
Trade articles sourced from non-Australian Government sources do not necessarily reflect the views of the Australian Government.