Trade Talk, 2 October 2014

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

2 October 2014

Foreign investment in Australia reaches $2.5 trillion

Statistics released by DFAT show the total stock of foreign investment in Australia was $2.5 trillion in 2013. The figures are in International Investment Australia, a new publication highlighting the importance of foreign investment to economic growth, job creation and Australia’s standard of living.

TIM Media Release: Foreign investment in Australia reaches $2.5 trillion

DFAT Publication:  International Investment Australia 2013

Trade and Investment Minister to discuss Trans-Pacific Partnership (TPP) in the US

Minister Robb will discuss the TPP during his trip to the US this week. The TPP is being negotiated between 12 countries in the Asia Pacific region which together account for approximately 40 per cent of global GDP. Mr Robb will also participate in the Global Services Summit in the US.

TIM Media Release: Trade and Investment Minister Robb visits the United States

Australia and ASEAN go from strength to strength

Australia’s Ambassador to ASEAN has reiterated a commitment to strengthen the bilateral relationship in the areas of security, trade, culture, education and development. ASEAN countries represented 14.3% of Australia’s trade in 2013, reaching $92.3 billion.

ASEAN News: ASEAN and Australia to Strengthen Comprehensive Partnership

Lowy Institute Analysis: Global Value Chains and Australian Trade

This Lowy Institute Analysis looks at 21st century production - its fragmentation through global value chains and implications for trade.  The report asserts the key to Australia’s prosperity is to “gain a permanent seat at the high value-added head of the GVC table”, and considers our trade facilitation challenges.

Lowy Institute Analysis: Global Value Chains, Border Management and Australian Trade

WTO 2014 Public Forum: why trade matters to everyone

UN Secretary-General Ban Ki-moon and WTO Director-General Azevêdo spoke about the impact of trade on the quality of life, and changing perceptions of trade, at the WTO Public Forum this week. DG Azevêdo noted studies suggest the largest proportion of trade supporters are now in developing countries.

WTO Public Forum: Day 1 of Public Forum focuses on how trade affects the quality of people’s lives

Trade and Investment Minister speaks at International Mining and Resources Conference

Discussing the future of coal extraction in Victoria, Trade and Investment Minister Robb emphasised that it was “important to be patient and take a long-term view because the utility of our large resource deposits changes over time”. Mr Robb said business must be encouraged to innovate and succeed.

TIM Speech: International Mining and Resources Conference

Interview with Bruce Miller, Australian Ambassador to Japan

Ambassador Miller gives his views on Australia’s role as host of the G20 and a middle-ranking power in a world where economic and geopolitical affairs are increasingly intertwined.

Jiji Press: Australian Views on the Global Economic and Geopolitical Landscape

Did you know?

In 2013 foreign investors injected $115 billion of ‘direct investment’ into Australia, while Australian investors injected $62 billion of ‘direct investment’ abroad.

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

Last Updated: 2 October 2014