Trade Talk, 3 March 2016

Exports strong in challenging December quarter

New figures by the Australian Bureau of Statistics show Australia’s rural and services exports continue to grow. Minister Ciobo said in volume terms, rural exports increased by 10% to $10.7b in the December quarter, while services exports rose 1.6%. Net exports contributed 1% to Australia's economic growth through the year to December 2015.

Media Release

Address to the Australia China Business Council

In a recent address to the Australia China Business Council, Minister Ciobo discussed the direction of China’s economic policies and what this meant for Australia. Mr Ciobo acknowledged China as Australia’s largest two-way trading partner and emphasised how the China-Australia FTA would further enable future growth between economies.

Speech

Overseas visitors break tourism records

Australian tourism continues to experience record highs with international visitor trip expenditure, in dollar terms, increasing 18% to $36.6b last year as a result of record spending from countries including China and the US. Figures from Tourism Research Australia’s International Visitor Survey also show that international visitor numbers increased by 8%.

Joint Media Release

Australia’s farm production forecast to top $60 billion

Australia’s farm production is forecast to reach over $60b in 2016-17, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). ABARES Executive Director, Karen Schneider, said that this is due to improved prospects for livestock and cropping industries, with farm exports anticipated to remain strong in 2016-17.

Record numbers of international students choose Australia

Latest statistics from the Department of Education and Training indicate that almost half a million international students chose to study in Australia in 2015. Senator Colbeck said these figures confirmed the importance of the sector to Australia’s growing knowledge economy, with international education delivering almost $20b to our economy last year.

Aussie food excites Filipino taste buds

Austrade highlights the opportunities available for our exporters following a month long ‘Australia Festival’ which promoted over 300 Australian food and beverage products across the Philippines. With imports of food and drink expected to grow to US$6b by 2018, Australian food and beverage manufacturers are encouraged to consider the Philippines when exporting.

Full Article

Aquatic Australia app

Aquatic Australia is a new mobile app guide showcasing to potential visitors some of Australia’s best aquatic, coastal and beach destinations and experiences. The Tourism Australia app promotes Australia as a holiday destination by providing users itinerary suggestions, best-of lists, destination guides and insider tips and knowledge.

Full Article

Did you know…

Australia exported over $1b or almost 1.3 million tonnes worth of chickpeas last year, contributing to the growth in our rural exports. That’s a lot of hummus and falafels!

-----Upcoming Trade Events-----

The China Update - Business Opportunities for Australia: WA | SA

8 March | 9 March 2016

In the lead up to Australia Week in China (AWIC) 2016, Austrade, the Australia China Business Council and PwC will be holding seminars across Australia on the opportunities for business engagement with China. The seminars will provide the latest information on China and the AWIC program from leading business and industry experts and government representatives. Places still available in Perth and Adelaide.

Register

North Asia Free Trade Agreements Information Seminars: VIC | NSW

10 March | 11 March | 21 March | 22 March 2016<>

If you are a current or prospective exporter don’t miss these free, interactive sessions which explain practical benefits your business could realise from Australia’s historic FTAs with three of our largest export markets – China, Japan and Korea. Visit Austrade for further details and future seminar dates.

Efic National SME Briefing: QLD

10 March 2016

Have you registered for Efic's National SME Briefing in Brisbane? Hear from some of Australia's most innovative SME exporters and learn how Efic could help your business receive the finance it needs to achieve export success.

Register

Australia Week in China 2016

11-15 April 2016

AWIC 2016 will consist of trade, investment, education and tourism promotion events designed to highlight the commercial opportunities available in China. The program will feature trade and investment seminars, roundtables, site visits, product showcases and networking opportunities with Chinese business, industry and government.

Register

Last Updated: 3 March 2016