Trade Talk 29 May 2014

Trade TalkAustralian Government, Australia Unlimited

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

New interactive website showcases Australia's trade

Minister Robb has launched Australia's Trade at a Glance, a new website highlighting Australia's trade with the world. "This website brings a range of information about our trading relations with the world within easy reach" said Mr Robb. Trade is essential to the Australian economy and is linked to 1 in 5 jobs.

Australia’s Trade at a Glance

TIM Media Release: New website showcases Australia’s trade with the world

Australia Supports ASEAN Infrastructure Development

Australia's High Commission in Singapore hosted a workshop this week in support of the development of ASEAN's infrastructure connectivity. The workshop was a joint Australia-Singapore initiative and forms part of the celebration of the 40thanniversary of Australia-ASEAN relations.

Australian High Commission, Singapore: Australia hosts workshop; joint Singapore-Australian initiative

Characteristics of Australian Exporters, 2012-13

There were 45,056 goods and services exporters in Australia in 2012-13, according to a new ABS publication. The publication reveals that 53% of Australia’s total goods exports came from just 244 mining exporters. More firms exported to NZ than to any other country, followed by the US and Singapore. 

ABS:Characteristics of Australian Exporters, 2012-13  

Asian Development Bank (ADB): Pacific economies leveraging benefits of Asian growth

As the centre of global economic activity shifts toward Asia, opportunities are being created for Pacific Developing Member Countries (DMCs) of the ADB to benefit from increasing economic interdependence with Asia.  In this article the ADB analyses the opportunities. 

ADB report: Asia’s economic growth offers significant opportunities for economic gain in the Pacific DMCs

Push to make trade liberalisation a "headline act" at G20 Brisbane Summit

This blog piece from the Lowy Interpreter advocates the benefits of placing trade liberalisation as the “headline act” of the Brisbane G20 Summit. It argues that trade goes to the core of the G20’s objective of increasing global growth, and that G20 action is required to increase growth in trade to its pre-GFC levels.

The Lowy Interpreter:  G20 Brisbane Summit needs a headline act: Make it trade

"World on the verge of renewing the global trading system"

Mega-regional trade negotiations such as the TPP, RCEP and the TTIP offer new ways to craft trade and investment rules among global economies. This blog post argues these initiatives have the potential to drive regional economic growth.

ADB Blog: The new mega-regionals: the TPP, RCEP and beyond

Did you know?

According to the Asian Development Bank, global income gains from a successfully concluded Trans-Pacific Partnership Agreement (TPP) could be as high as $223 billion annually by 2025.

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

Last Updated: 29 May 2014