Global growth forecast again revised lower, to 2.4%
Global growth of 2.4% is forecast for 2016, down from the original forecast of 2.9% in January. Notably, the World Bank forecasts China to grow at 6.7%, following 6.9% last year, while India is expected to hold firm at 7.6%. Brazil and Russia are projected to fall deeper into recession than originally forecast.
World Bank: Full Article
Riding the clean energy wave
Australia’s Carnegie Wave Energy has successfully built and operated the world’s first commercial-scale wave energy array connected to the power grid. Capturing attention from customers worldwide, Carnegie Wave Energy has now set up subsidiaries in both the UK and Ireland and has also signed a licensing deal to allow its technology to be used by Électricité De France, “the world’s biggest power company.”
Australia Unlimited: Full Article
Asia leads the way in strong visitor arrivals growth
Australia is proving to be a popular destination for our international visitors from Japan, with April 2016 arrival numbers up by 47%, compared to the same time last year. Chinese visitor numbers also grew by 33%, while the US saw just over 18% of growth. For the year ending April 2016, total international arrivals down under reached 7.7 million.
Tourism Australia: Full Article
Did you know?
The 7.7 million international visitor arrivals in the year to April 2016 was nearly a third higher than just 5 years earlier!
Upcoming Trade Events
Australian Trusted Trader information sessions
Sydney, 21 June I Brisbane, 22 June 2016
Australian Trusted Trader will be open to all Australian businesses involved in international trade from July 1. It is a free and voluntary program that recognises Australian businesses that meet international supply chain security and trade compliance standards. Information sessions are available to help you understand the benefits of ATT and how it can make your international business more efficient. Visit the webpage for further dates and locations or email email@example.com to register interest. For the Perth event email Sophie.Gillespie@fremantleports.com.au
DIBP: Australian Trusted Trader
Know-How for Inbound Tourism Excellence program
Margaret River, 21 June I Gold Coast & Albany, 23 June 2016
This program helps 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 further dates and locations.
ATEC: Full Article
Speed Networking for International Business
Western Sydney, 5 July I Griffith, 6 July I Byron Bay, 12 July I Wollongong, 22 July 2016
The NSW Government and the Export Council of Australia invite you to attend a free Speed Networking for International Business program which covers important topics that matter to all international traders. Industry experts discuss topics including managing international freight risks, protecting your intellectual property rights, finance for success and FTAs.
Medical Science and Health Services Mission Vietnam 2016
Hanoi & Ho Chi Minh City 18 – 22 July 2016
Austrade presents the first medical science and health services mission to Vietnam. This mission aims to provide Australian healthcare businesses the opportunity to be part of Vietnam’s emerging healthcare market by allowing them to showcase their capabilities.