Trade Talk 17 July 2014

Trade TalkAustralian Government, Australia Unlimited

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

17 July

Trade Minister to lead G20 investment forum

Trade and Investment Minister Andrew Robb will chair the Australian Investment Forum this Saturday prior to the G20 meeting of Trade Ministers. Leading executives from across the world will attend the forum, which brings together companies with significant existing or potential investments in Australia.

TIM Media Release: Robb to lead G20 investment forum

Northern Australia well-placed to meet demands of growing global middle-class

The global middle-class is expected to grow from 600 million to over 3 billion in the next 20 to 30 years. Northern Australia, with its soils, water and resources, is well placed to help provide food and energy security to this middle class. Australia's agriculture currently feeds around 60 million people globally.

TIM Op-Ed: Ideally placed to serve as another food bowl

Moody's reaffirms Australia's AAA rating

Ratings agency Moody's has reaffirmed Australia's AAA rating and stable outlook. Australia's rating is based on a highly resilient economy and high level of government financial strength, among other factors. Australia remains one of 9 countries rated AAA with a stable outlook by all 3 major ratings agencies.

Austrade: Data Alert: Moody’s reaffirms Australia’s AAA rating

2015 Cricket World Cup: Australia and NZ on front foot with visa streamlining

Australia and New Zealand will streamline visa arrangements to capitalise on tourism opportunities from the co-hosting of the 2015 Cricket World Cup. The agreement "provides the flexibility for tourists to freely move between Australia and New Zealand for the World Cup" said Trade Minister Andrew Robb.

TIM Media Release: Australia and New Zealand leveraging ICC Cricket World Cup 2015 opportunities

Solomon Island timber trade to Australia turns a new leaf

The Solomon Islands is the first country in the world to receive approval to export timber products to Australia under new timber legality guidelines. The Solomon Islands sawn timber export trade to Australia is worth SI$28 million annually, employing more than 1,000 people in the Solomon Islands.

Australian High Commission, Solomon Islands: Solomon Islands timber exports maintained to Australia

New tourism strategy targeting growing independent travellers from China

Tourism Australia is embarking upon a new strategy in China, aimed at building an elite network of specialist travel agents to sell holiday packages to independent travellers from China. China is Australia's most valuable tourism market with visitors from China spending over $5 billion in the past 12 months.

TA Media Release: Tourism Australia targets China FIT market with new distribution strategy

Global growth to slow over coming decades, says OECD

A slowdown in global growth due to ageing populations and deceleration of growth in emerging countries is projected for the coming decades, according to a new OECD study. The study examines what the world economy could look like by 2060, and says innovation and investment will be the main growth drivers by 2060.

OECD: Global growth to slow as wage inequality rises over coming decades, says OECD

The Top 10 Global Cities Sending Foreign Direct Investment (FDI) to the United States

Approximately 5% of the entire US workforce (5.6 million workers) is employed in the US operations of majority foreign-owned companies according to the Brookings Institute. In this piece, Brookings profiles the top 10 global cities sending FDI into the US, ranging from Tokyo to Dublin.

Brookings Institute:The Top 10 Global Cities Sending FDI to the United States

Did you know?

The US is the world’s largest producer of oil according to Bank of America Corp. The US overtook both Russia and Saudi Arabia to claim the title this year, producing more than 11 million barrels of oil in the first quarter.

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

Last Updated: 17 July 2014