Trade Talk, 5 February 2015

An ideal time for Australian farmers in the Japanese market

The entry into force of the Japan-Australia Economic Partnership Agreement is a game-changer for farmers writes Minister Robb.  It is the most ambitious trade agreement Japan has concluded and the opportunities for agricultural businesses are there for the taking.

TIM Op-ed: It’s an ideal time to capitalise on Japan markets

Trade and investment with India set to expand

After concluding trade agreements with Korea, Japan and China last year, securing a trade deal with India is a top priority this year according to Minister Robb. Australia’s trade with China is $160 billion while trade with India is 10 times less, indicating significant potential for trade to grow as the Indian economy expands.

TIM Op-ed: Cricketing ties that bind

Strong increase in Australia’s LNG exports over last decade

LNG is Australia’s third-largest export, valued at $16.3 billion in 2013-14, up from $2.2 billion in 2003-04. LNG is expected to overtake coal as Australia’s second-largest export by 2019.

DFAT Publications: Australia’s Liquefied Natural Gas (LNG) exports, 2003-04 to 2013-14 and beyond

Geneva hosts 10th round of Trade in Services Agreement negotiations

Australia is preparing to participate in the tenth round of Trade in Services Agreement (TiSA) negotiations in Geneva next week (9-13 February). The round, to be hosted by the United States, is the first of four negotiating rounds scheduled for this year. 

DFAT TiSA News: Trade in Services Agreement News

US technology firm DocuSign selects Australia to launch into Asia-Pacific

US technology firm DocuSign has experienced rapid growth since opening in Australia one year ago. DocuSign established its Asia-Pacific head office in Sydney, highlighting Australia’s stable economic conditions and educated workforce among the factors in the decision.

Austrade Case Study: US Technology firm DocuSign selects Australia to launch into Asia-Pacific

Good progress on WTO Doha work programme

WTO Director General Azevêdo reported good progress has been made in recent weeks on negotiations for a work programme on the remaining Doha Development Agenda. According to Azevêdo, “We have made more progress in a week than we did in the first 6 months of 2014.”

WTO News: Azevêdo reports strong engagement on Doha work programme talks

‘Inclusive economies’ key to Asia-Pacific growth

Higher growth across the Asia-Pacific will be sustained by the establishment of more ‘inclusive economies’ that boost trade while ensuring that the benefits are widely felt by the people, according to APEC Secretariat Executive Director, Dr Alan Bollard.

APEC News: ‘Inclusive Economies’ Key to Asia-Pacific Growth, Says Bollard

OECD News: Inequality hurts economic growth, finds OECD research

The G20 at the end of 2014

According to the Lowy Institute, a successful Australian Presidency in 2014 has brought back a sense of optimism that the G20 can focus on collective solutions to major economic challenges. Lowy reflects on the state of the G20 at the end of 2014 and offers suggestions for its work in 2015.

Lowy Institute Report: The G20 at the end of 2014

Is globalisation slowing?

In the decades leading up to the 2008 financial crisis, international trade grew faster than GDP, reflecting increasing global economic integration. But since 2008, international trade hasn't kept pace with GDP growth. Lowy analyses the future of global trade and investment growth in this new article.

Lowy Interpreter: Is globalisation slowing?

Did you know?

Japan is Australia’s second-largest agriculture, forestry and fisheries export market, with exports valued at $4 billion in 2013-14, or 8.1% of total goods exports to Japan.

Last Updated: 6 February 2015