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Global Trade Updates

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Policy Brief: The Importance of Investment Treaty Protection in a Post COVID-19 World

Policy Brief: The Importance of Investment Treaty Protection in a Post COVID-19 World

04.08.2020 Bill Smith

Key issues

  • As green shoots emerge of a cautious return to normal (or what will become the new normal) post Covid-19, it is likely that governments will begin to embark upon a process of self-reflection.
    • Firstly, in an effort to quantify the damage caused by the pandemic and devise an appropriate response
    • Secondly, to identify the weaknesses in their response and find solutions to offer resilience in the face of future events.
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Policy Brief: Managing Global Supply Chain Risks Post COVID-19

Policy Brief: Managing Global Supply Chain Risks Post COVID-19

04.08.2020 Arnold Jorge

Key issues

  • Australian traders experienced a blow as a result of authorities’ efforts to control the spread of Covid-19
- They experienced disruption in their supply chain, such as: 
    • Suppliers shutting down operations, at least temporarily
    • Deliveries constrained due to transport and border restrictions
    • Buyers withholding purchases.
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COVID-19 recovery requires changes to global supply chains

COVID-19 recovery requires changes to global supply chains

28.07.2020 Arnold Jorge

The global trading landscape is shifting dramatically. Previously disregarded potential crises are now all too real. To succeed beyond Covid-19 and future catastrophes, Australian traders will need to take account of the risks seriously and make operational changes that allow them to adapt to short-term disruptions and stay competitive in the longer-term.

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Accelerating Trade Grant Program

Accelerating Trade Grant Program

28.07.2020 Tasmanian Government, Department of State Growth

Initiative 4.1 under the Tasmanian Trade Strategy 2019-2025 (‘the Strategy’), the Accelerating Trade Grant Program helps Tasmanian businesses to collaborate, expand their presence and introduce Tasmanian products and services to the world.

 
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Australia Awards Women Trading Globally participant exports traditional Filipino hot chocolate to Australia

Australia Awards Women Trading Globally participant exports traditional Filipino hot chocolate to Australia

28.07.2020 Angela Wright

Mary Grace Belviz of Rosarios Delicacies, a chocolatier and durian grower based in Davao City, Philippines, was selected to participate during May to June 2019 in the Australia Awards Women Trading Globally program, funded by the Department of Foreign Affairs and Trade. This cohort included 15 female entrepreneurs from South East Asia and Mongolia who visited Brisbane and Sydney to undertake training to develop their export readiness skills.

 
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More Australian wine set for Canadian shelves

More Australian wine set for Canadian shelves

27.07.2020 Senator the Hon Simon Birmingham

In a win for our wine exporters, Australia has today reached an agreement with Canada to remove unfair restrictions on Australian wine sales imposed by the Canadian federal government and in the provinces of Ontario and Nova Scotia.

 
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What will your new normal look like?

What will your new normal look like?

21.07.2020 Leanne Lewis - Insync Personnel

The world as we know it will never be the same again. This year we have had to deal with the largest global healthcare crisis of our lifetime. Every single person on the planet has been affected by COVID-19 in some way or another.

 
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2019 Women Trading Globally participant featured by UN Women Asia and the Pacific for leadership during COVID-19

2019 Women Trading Globally participant featured by UN Women Asia and the Pacific for leadership during COVID-19

14.07.2020 Angela Wright

Sahar Iqbal graduated in English Literature from a renowned College (Kinnaird College for Women) in Pakistan. Previously a journalist, now an agriculturist by heart and soul, she aims to motivate more females to come out of their houses and work in the agriculture sector. In the year 2014, she got married into a culture which had and still has zero tolerance for a woman coming out of her four walls and taking the lead in the field.

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The Australian trade response to the COVID-19 Pandemic and issues into the future

The Australian trade response to the COVID-19 Pandemic and issues into the future

14.07.2020 Andrew Hudson

In the Australian context, some of the measures adopted by our Federal and State governments and their agencies are summarised below. The general intent has been to “keep the borders open” but we are now at a stage of planning what additional measures may need to be adopted to assist the recovery of the international supply chain and the position of Australian exporters and importers.

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Why Free Trade Agreements are good for Australian Exporters

Why Free Trade Agreements are good for Australian Exporters

14.07.2020 Global Victoria

Six years after Australia gained market access for table grapes to Japan and South Korea in 2014 (after many years of negotiation by the Australian Government, supported by industry and state government partners) – and amidst possibly the most difficult economic conditions in decades – Australian grapes growers and exporters are enjoying bumper sales to both Japan and South Korea.

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​Freight flights boost for Australian exporters

​Freight flights boost for Australian exporters

03.07.2020 Senator the Hon Simon Birmingham

Australian exporters reliant on airfreight will continue to have access to key international export markets, thanks to a $240 million funding injection to help keep international freight routes and flights operating.

 
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Regional Facility Takes No Risks When It Comes to Staff Safety During COVID-19

Regional Facility Takes No Risks When It Comes to Staff Safety During COVID-19

02.07.2020 Richelle Ward

When aerospace technology company HeliMods was commissioned to deliver essential assets while the country is experiencing a pandemic, extreme measures had to be taken. Based in Caloundra in regional Queensland, Helimods’ international market consists mostly of US and European clients with teams deployed globally to service demand.

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Asia-Leading the global recovery out of the COVID-19 slump

Asia-Leading the global recovery out of the COVID-19 slump

30.06.2020 Export Finance Australia

There are encouraging signs that Asia will lead the global economic revival. Decisive measures to control the pandemic have resulted in lower infection rates in Asian countries relative to other parts of the world, supporting policymakers’ ability to reopen their economies sooner. 

 
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​International MSME Day–27 June 2020

​International MSME Day–27 June 2020

30.06.2020 Dianne Tipping

The United Nations General Assembly adopted a resolution recognizing the crucial role of Micro-Small and Medium-Sized Enterprises (MSMEs) play in achieving the 2030 Agenda for Sustainable Development. Resolution (A/71/L.60) designates June 27 as “Micro-Small and Medium-Sized Enterprises Day.”

 
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Australian Renewable Export COVID-19 Recovery Package

Australian Renewable Export COVID-19 Recovery Package

30.06.2020 ​HSBC Bank Australia

Supporting jobs is critical to help economies rebuild post-COVID-19. This new report in by WWF Australia and EY, supported by HSBC finds that an AUD2 billion (USD1.4 billion) renewable stimulus package would unlock over 100,000 jobs, generating nearly three times as many jobs than investment in fossil fuel projects, and unlocking AUD9.3 billion (USD6.5 billion) in investments.

 
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What Are the Incoterms® Rules?

What Are the Incoterms® Rules?

30.06.2020 Dianne Tipping

We have all heard of and used Incoterms® but what is the history of the Incoterms® and how can we understand clearly how to use them?

 
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Australia Awards Women Trading Globally Participant's Export Growth Despite COVID-19 

Australia Awards Women Trading Globally Participant's Export Growth Despite COVID-19 

30.06.2020 Angela Wright

In 2019, Chayaa Nanjappa, Founder of Nectar Fresh, was selected to participate in the Australia Awards Women Trading Globally Program held in Melbourne and Sydney for two weeks. Supported by the Department of Foreign Affairs and Trade, the program included a range of engaging sessions on export readiness, discussions with female business leaders, and site visits with Australian exporters.

 
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The latest Currency Outlook, brought to you by OFX

The latest Currency Outlook, brought to you by OFX

26.06.2020 OFX

The global economy has changed, and so too have some of the key drivers impacting currency markets.

We are headed into uncharted waters in the second half of this year, as governments gradually ease their COVID-19 lockdowns and travel restrictions to revive economic growth. Only time will tell whether the global economy can shift to a ‘new normal’, or if it will be a case of two steps forward, three steps back.

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​Australia-UK Free Trade Agreement negotiations kick-off

​Australia-UK Free Trade Agreement negotiations kick-off

18.06.2020 Senator the Hon Simon Birmingham

Australia and the United Kingdom yesterday announced the commencement of negotiations on a bilateral free trade agreement (FTA), which will start a new chapter in the economic relationship and help to boost export flows between our two nations.

 
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