Trade Talk, 16 July 2015

Upcoming trade events

North Asia Free Trade Agreements Seminars: Hurstville 22 July

Register to find out how you can take advantage of Australia’s North Asia Free Trade Agreements. These interactive sessions will give you information on the practical benefits that your business could realise from Australia’s FTAs with China, Japan and Korea.

Register: North Asia FTA information seminars

Regional trade key to global value chain participation

In Malaysia for negotiations on the Regional Comprehensive Economic Partnership (RCEP) agreement this week with 16 regional partners, Minister Robb said RCEP would improve participation in critical global value chains. RCEP countries account for almost 30 per cent of global output.

TIM Media Release: Robb pursuing freer trade in Asia Pacific

Trade in Services Agreement (TiSA) negotiations reach milestone

TiSA negotiations reached an important milestone in Geneva last week, with parties agreeing steps towards conclusion of the negotiations, including deadlines for outstanding offers. Mauritius also joined as the 25th TiSA party.

DFAT: Australia hosts 12th Round of TiSA Negotiations

Streamlined trade a step closer

Minister Cash has launched the pilot phase of ‘Australian Trusted Trader’. The programme is expected to boost trade and make Australia more competitive in the global marketplace by offering trade facilitation incentives to businesses that demonstrate secure and compliant supply chain practices.

Assistant Minister IBP Media Release: Streamlined trade a step closer

Call for business and investment ideas in Uluru-Kata Tjuta National Park

The call is out for big ideas for tourism investment in the Uluru-Kata Tjuta National Park, Australia’s iconic tourism destination. The park’s Board is looking for fresh ideas that will help achieve social and economic benefits for the park’s traditional owners. Expressions of interest are open until 30 September.

Joint Media Release: Big ideas for Uluru-Kata Tjuta National Park

New film promotes Indigenous tourism offerings

A new short film, ‘Aboriginal Australia: Our Country is waiting for you’, was launched this week to encourage more visitors to include Indigenous tourism experiences in their Australian holiday. The film, by renowned Australian filmmakers, features diverse Indigenous adventures and immersive cultural experiences.

TA Media Release: Tourism Australia Indigenous short film aims to increase international tourism numbers

TA Video: Aboriginal Australia: Our Country is waiting for you

WTO DG Azevêdo urges development partners to close gaps in trade finance

Speaking at a conference on Financing for Development this week, WTO DG Azevêdo outlined the major gaps that exist in the provision of trade finance. Speaking on the major impact they can have on growth and development, Azevêdo urged development partners to work together to close the gaps.

WTO News: Azevêdo urges UN’s Financing for Development summit to ‘close gaps’ in trade finance

Global value chains: completely reconfiguring world trade

The cross-border flows of goods, investment, services, know-how and people involved in international production have “transformed the world”, according the Centre for Economic Policy Research’s new eBook. The report looks at the policy impacts of GVCs on trade through statistical and economic analysis.

CEPR eBook: The Age of Global Value Chains: Maps and Policy Issues

Indigenous entrepreneur breaking new ground

Jasmin Herro is an Indigenous entrepreneur breaking new ground on many fronts. Herro has successfully founded a number of award- winning companies, formed an Indigenous-Australian-African-American joint venture and was Australia’s first Indigenous premium tea and coffee importer.

Australian Unlimited: The Herro’s Journey

Did you know?

Did you know that Australia’s total goods and services trade with RCEP countries amounted to close to $400 billion in 2014? RCEP countries accounted for around 72% of our exports and provided approximately 49% of our imports.

Last Updated: 16 July 2015