Global Trade Updates
Subscribe to the ECA’s free newsletter and keep informed of new business tools, courses, events, as well as trade policy news.
The historic China-Australia Free Trade Agreement (ChAFTA) continues to deliver benefits for Australia, two years after its entry into force. Removal or reduction of Chinese tariffs has strengthened our export numbers to our largest trading partner - Australia’s goods and services exports to China rose 25 per cent in 2016-17 to a record $110 billion.
On the eve of the Christmas and New Year break, new data shows Australians are holidaying at home in record numbers.The National Visitor Survey (NVS), released today, reveals overnight trips by Australians grew by seven per cent to a record 96 million and the number of nights they stayed grew by six per cent to a record 347 million during the year ending September 2017.
On behalf of the ECA team I would like to wish you a very Merry Christmas and best wishes for the New Year. It has been an extremely busy year for the entire team at the ECA, working hard to support our members and those engaged in global trade.
Argentina is two years into social and economic reform program aimed at modernising its economy and reducing obstacles to foreign trade and investment, making it an easier place to do business for Australian companies. Australia is no stranger to Argentina’s renaissance and through the Australian Trade and Investment Commission’s (Austrade) market strategy it has awakened the business opportunities that span various industries, from energy and resources to the digital economy.
Largest survey into the behaviour of Australia’s international businesses highlights that our growing network of free trade agreements (FTAs) is having a positive impact on Australian trade
The results of Australia’s International Business Survey 2017 (AIBS 2017), the fourth in a series of studies of Australia's international business
activity, are now available and highlight the positive impact that Australia’s growing network of free trade agreements (FTAs) are having on Australian
Open, transparent and rules-based international trade are critical to Australia’s economic prosperity. The Export Council of Australia (ECA) therefore
applauds the Australian government’s leading efforts in establishing a work program to set rules for digital trade at the 11th World Trade
Organisation’s (WTO) Ministerial Conference (MC11) this week in Buenos Aires, Argentina.
The ASEAN-Australia-New Zealand FTA (AANZFTA) has been delivering tangible benefits to Australian businesses since entering into force in 2010. AANZFTA
is among Australia’s most ambitious free trade agreements to date.
There are several differences between exporting and operating in Australia that will have an impact on your finances. Understanding all the costs associated with exporting will help you to make an informed decision on whether your business is ready to start exporting.
Today marks the third anniversary of the Korea-Australia Free Trade Agreement (KAFTA), which entered into force on 12 December 2014. KAFTA continues to demonstrate its worth for Australian businesses: three years on, tariffs continue to fall as exports continue to grow.
We, the Ministers of the Cairns Group, met in Buenos Aires on 11 December 2017 to discuss our common interest in continuing with trade reform in the agricultural
sector. Cairns Group Members reaffirm their commitment to the rules-based, multilateral trading system, which has contributed significantly to global
economic dynamism and resilience over the past 23 years, and for decades before. Cairns Group members are committed to supporting the effectiveness
of all aspects of the WTO, its regular business, negotiating and dispute settlement functions, and to promoting the WTO’s objectives for the benefit
of all Members.
Tourism in Australia is booming, providing many opportunities for small business exporters. One company that is paving the future of tourist attractions is NSW-based company Laservision, which provides multimedia entertainment attractions for governments and blue chip companies.
In November, the Bank of England’s Monetary Policy Committee (MPC) raised the Bank Rate for the first time in a decade from 0.25% to 0.5%. The Brexit vote has put the BoE in a dilemma: keep the rate at a record low after the emergency cut in August 2016 to support the economy, or raise the interest rate to keep a grip on inflation.
During the second half of this year, the Australian Government has progressively released further information regarding the final tranche of reforms to be implemented in March 2018 in respect of the new Temporary Skills Shortage (TSS) visa and employer sponsored permanent residence program.
If at first you don’t succeed, try, try again. This could well be a life motto for Jane Lu, founder of online fashion house Showpo. “What my experience has taught me is that failure isn’t so bad,” Lu says.“It sounds cliche, but the tough times have taught me and helped me grow.”
The Export Council of Australia is working with the Australian Government ASEAN-Australia Special Summit Taskforce to develop the ASEAN-Australia Business
Summit CEO Forum in March 2018. The Taskforce would like to draw on the experience and expertise of ECA members trading with and working in ASEAN.
Welcome to the summer edition of International Business Today. In this edition, we pay tribute to the export community’s high achievers – our state Export Award winners. These are the businesses with the innovation, expertise and professionalism to take on international markets. ECA CEO Lisa McAuley reveals which companies have been recognised in 2017 for their hard work and determination.
Australia continues to create new opportunities for our exporters. The Turnbull Coalition Government recently finalised a comprehensive trade agreement with Peru. The Peru-Australia Free Trade Agreement (PAFTA) will open the door to one of the world’s fastest growing economies for Aussie exporters.
FIAL have been successfully showcasing Australian food & beverage suppliers at international tradeshows for the past 4 years, providing companies with a low cost means of accessing new export markets and making connections with buyers. We are pleased to announce that we will be exhibiting at Gulfood again in 2018.
The Agreement to Amend the Singapore-Australia Free Trade Agreement (SAFTA) enters into force today. It will create significant new opportunities for Australian
businesses that will grow trade and investment, creating and supporting Australian jobs.
Joint Statement - Australian Minister for Trade, Tourism and Investment - UK Secretary of State for International Trade
Australia’s Minister for Trade, Tourism, and Investment, the Hon Steven Ciobo MP, and the United Kingdom’s Secretary of State for International Trade & President of the Board of Trade, the Rt. Hon Dr Liam Fox MP, met on 30 November 2017 in Sydney.
The Australian Border Force (ABF) has implemented a voluntary trade facilitation initiative: the Australian Trusted Trader (ATT) programme. The programme recognises businesses with a secure supply chain and compliant trade practices. Trusted Traders are rewarded with a range of trade facilitation benefits including Consolidated Cargo Clearance.
AustCham Shanghai is proud to be partnering with Westpac to deliver the 2018 Westpac Australia-China Business Sentiment Survey. Over the next four weeks we will be asking all Australian organisations operating in, or with, China to participate by completing an online sentiment survey.