Trade Talk, 23 April 2015

23 April 2015

Trade and Investment Minister in India to advance trade agreement

Minister Robb is in India this week to further work for the conclusion of the Australia-India Comprehensive Economic Cooperation Agreement (CECA). The visit follows CECA negotiations held in Canberra last week. India is Australia’s 12th largest trading partner and one of the fastest growing economies in Asia.

Foreign Minister in Europe to advocate for Australia-EU FTA

Foreign Minister Bishop is in Europe advocating for a free trade agreement between Australia and the EU. The Minister will meet with her French, German and European Commission counterparts, members of the European Parliament as well as senior officials from NATO to discuss security and crisis management.

Japan and Korea hungry for Australia’s premium food and beverages

Australia’s premium food and beverage industry is being showcased during a business mission to Japan and Korea this week. Parliamentary Secretary Ciobo is leading a four-day mission to Tokyo and Seoul with over 40 industry leaders. The mission will feature a food and wine showcase.

Register for Southwest China Trade and Business Seminar – Sydney, 11 May

Australia’s Consul General to Chengdu, Nancy Gordon, and Trade Commissioner to Southwest China, Jeff Turner, will host a seminar in Sydney on trade and business opportunities in Southwest China, following the new China-Australia Free Trade Agreement. Businesses can register for the event at the link below.

Eleventh Round of Trade in Services Agreement negotiations in Geneva

Australia participated in the eleventh round of Trade in Services Agreement negotiations, hosted by the EU in Geneva last week (13-17 April). Negotiators made good progress advancing texts with domestic regulation and financial services key areas of focus.

WTO Trade Policy Review of Australia

The WTO’s 7th trade policy review of Australia shows that Australia is one of the most open economies in the world. The report highlights that Australia has performed well relative to its advanced economy peers following the GFC, in part due to the strength of Australia’s macroeconomic policy.

US financial services giant chooses Sydney as Asia-Pacific gateway

US investment giant TIAA-CREF Asset Management has opened a Sydney office, reflecting the confidence of investors in Australia. The proximity of Australia to Asia, 24 years of consecutive growth and our North-Asia FTAs provide a stable investment base and access to the world’s most dynamic markets.

Minister Robb promotes business and investment in the Middle East

The Trade and Investment Minister visited the UAE, Kuwait and Saudi Arabia last week to promote investment and business opportunities. The Minister was accompanied a senior business delegation, including representatives from the financial, education and agribusiness industries.

US Trade Promotion Authority (TPA) legislation and TPP negotiations

The US Congress has begun consideration of legislation to renew TPA.  TPA has implications for all trade negotiations in which the US is participating, including the TPP. TPA makes it easier for the United States to conclude trade deals by enabling the US President to submit a bill implementing a trade deal to Congress for a yes or no vote without amendment.

Did you know?

India is Australia’s second-largest source of foreign students. Over 46,000 Indian students were studying in Australia in 2014, up almost 30% since 2013.

Last Updated: 23 April 2015