Trade Talk 19 July 2019
Australia takes next step to help Australian sugar industry
Together with Brazil and Guatemala, Australia has requested the World Trade Organization establish a panel to resolve our dispute with India, in which we are seeking the winding back of Indian subsidies on sugar that are inconsistent with WTO rules. This follows the launch of formal consultations in February and underscores the value of the WTO in addressing trade disputes, even among close partners with good relations such as Australia and India.
JAEPA Post-Implementation Review: call for submissions
DFAT invites businesses and other interested stakeholders to submit their views on the Japan-Australia Economic Partnership Agreement (JAEPA), as part of a five-year review. We are especially interested in submissions on JAEPA’s impact on business conditions, particularly in regard to competitiveness of Australia’s goods and services exports, and whether it has met business and other stakeholder expectations. Submissions close 23 August 2019.
Australian Infrastructure Financing Facility for the Pacific
The Australian Infrastructure Financing Facility for the Pacific is up and running. The AIFFP supports infrastructure that encourages prosperity in the Pacific and Timor-Leste. It will invest in: telecommunications, energy, transport, water, and other priority infrastructure.
What the ‘Modi Tsunami’ means for Australian trade and investment in India
Austrade’s Senior Trade and Investment Commissioner in India, Dr Matthew Durban, analyses opportunities presented by India in this article for Austrade’s Insights. Durban argues entering the market has never been more ‘mission-critical’ for Australian business, especially in mining equipment, technology and services, food and agriculture, education and training, and telecommunications.
Asia’s future is now
This July 2019 McKinsey discussion paper provides an overview of Asia’s role in four areas: trade flows and networks, corporations in Asia, technology, and the Asian consumer. A common thread across the region is its upward trajectory, for instance, less than 20 years ago Asia accounted for just under one-third of global GDP (PPP) and by 2040 it is expected to top 50 percent. By that time it is also predicted to account for 40 percent of the world’s total consumption.
Peterson Institute: Who's winning the US-China trade war? It’s not the United States or China
This article published by American economic think-tank the Peterson Institute examines a range of possible outcomes using a global simulation model of the world economy. The results suggest welfare losses for both countries and trade diversion both to, and from, China and the US.
Talking development – non-stop
The World Bank’s 24-hour global ‘Econothon’ will highlight the Bank’s knowledge and priorities with more than 50 of its economists discussing a wide variety of topics, such as debt and supporting growth in developing economies, live on air for a full 24 hours. The first-of-its-kind event will kick off on July 24.
Did you know?
Over 40,000 jobs are supported by Australia’s sugar industry.
CEDA: Australia Asia Economic Engagement
Adelaide, SA, 22 July 2019
DFAT’s Elizabeth Ward will provide insight into FTAs including the status of the Australia-Hong Kong Free Trade Agreement and the Indonesia-Australia Closer Economic Partnership Agreement.
Latin America in Australia: Policy Briefings Launch
Canberra, ACT, 25 July 2019
This Policy Briefings series outline the dynamics of migration, integration and identity for 14 Latin American countries and is the product of a unique research collaboration between ANU and the Embassies of Latin America, supported by funding from DFAT’s Council on Australia Latin America Relations.
AIBC WA: Networking Event with Ambassador to Indonesia and DFAT Chief Negotiator
Perth, WA, 30 July 2019
DFAT and the Australia-Indonesia Business Council (WA) are hosting a briefing on the Indonesia-Australia Comprehensive Economic Partnership Agreement with Australia’s Ambassador to Indonesia, Mr Gary Quinlan AO, and DFAT’s Chief Negotiator Regional Trade Agreements Division, Ms Elizabeth Ward. RSVPs are requested before 23 July.