Australia encourages Fiji to join PACER Plus
Assistant Minister for Trade, Tourism and Investment Keith Pitt encouraged Fiji to join the PACER Plus Agreement — a landmark trade and development agreement signed by Australia and nine other Pacific Islands Forum countries in Tonga last month. Assistant Minister Pitt met Fijian ministers in Brisbane this week ahead of today’s Fiji Trade and Investment Symposium to promote business, trade and investment ties with Fiji.
New international trade facilitation arrangements
Australia has entered into several new international arrangements which will improve the nation's competitiveness and ability to trade globally. Mutual Recognition Arrangements have been signed with Korea's Customs Service, Canada's Border Services Agency and the Customs and Excise Department of Hong Kong. Australian Border Force Acting Commissioner Michael Outram sealed the new arrangements at the recent World Customs Organization council meeting in Brussels. The Minister for Immigration and Border Protection Peter Dutton said the arrangements are an important step forward in strengthening Australia's trade facilitation.
APEC on target to meet sustainable energy commitments
Lead Shepherd of the APEC Energy Working Group, Dr Jyuung-Shiauu Chern, said APEC member economies could achieve a 43 per cent reduction in energy intensity reduction by 2035. For renewable energy, they seek to double its contribution to the region’s energy mix by 2030. “According to our initial finding, we need a six per cent increase in investment compared to business as usual to make everything happen. We are working on new actions to fill in the gap.”
US-China Comprehensive Economic Dialogue
The United States is hosting the inaugural US-China Comprehensive Economic Dialogue this week. The dialogue serves as the principal forum for Washington and Beijing to address trade and investment issues. This week’s session is likely to produce agreement on a one-year action plan for tackling trade and investment impediments, building on the 100-day plan inked at President Trump’s April meeting with Chinese President Xi Jinping.
Empowering women traders
Removing barriers that prevent women from fully participating in trade is critical not only for the empowerment of women but also for economic growth and development in general, speakers at a high-level meeting on gender and trade said last week. The plenary was held as part of the WTO’s Aid for Trade Global Review 2017.
WTO Media release
Did You Know?
APEC economies produce more than 12 000 terawatt hours of electricity annually. FYI: terawatts are millions of megawatts.
Upcoming Trade Events
North Asia FTA Training Session for SMEs
Perth, WA, 24 July 2017
Join the Chamber of Commerce and Industry Western Australia and the City of Perth's Business Beyond Borders event to network and gain practical advice on how you can expand your business to reach new consumers in these key North Asian markets. Facilitated by CCI's International Trade Consultant Craig Banks, the event aims to help businesses understand how FTAs can assist with international business.
Free trade agreements information seminar
Canberra, ACT, 27 July 2017
Find out how you can take advantage of the North Asia Free Trade Agreements with China-Australia (ChAFTA), Japan-Australia (JAEPA) and Korea-Australia (KAFTA). This interactive session will give you an opportunity to hear directly on the practical benefits that you may be able to realise from the Free Trade Agreements. Speakers include: The Hon Keith Pitt MP, Assistant Minister for Trade, Tourism and Investment; Senator the Hon Zed Seselja, Assistant Minister for Social Services and Multicultural Affairs; Michael Growder, Assistant Secretary, Department of Foreign Affairs and Trade; Sally Phillips, Manager, Free Trade Agreements Program, Austrade and more.
Negotiating business in China
Dandenong, VIC, 15 August 2017
Understanding cultural differences can provide telling insights and help to facilitate conversations and negotiations. While some confusion can often lead to amusing misunderstandings it can also make a serious impact on your business relationships. The aim of this workshop is to help you understand the cultural differences in business to enable you to develop successful relationships in China.
Selling your goods to China
Melbourne, VIC, 31 August 2017
This Victorian Chamber of Commerce and Industry workshop will take you through the key trends and opportunities in China and give you the information you need to export under the China-Australia Free Trade Agreement (ChAFTA). Learn step-by-step how you can take advantage of preferential tariff treatment.
Visit the DFAT trade website for more on Australian trade, including FTA updates, the latest trade statistics and Trade Talkand business envoy.
Trade Articles obtained from non-Australian Government sources do not necessarily reflect the views of the Australian Government.