When entering into a business deal, how well do you know your potential partner? That question has always been at the core of doing due diligence, but is absolutely critical when considering business overseas — and especially so in emerging markets.
Global Trade Updates
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It is no secret that China is a complex and diverse market. An understanding of this market, including its varying demographic, economic and cultural characteristics, is crucial to any businesses success. The AustCham Shanghai E-Commerce Business Delegation provides decision makers with on-the-ground China experience and exclusive access to knowledge and insights about China’s e-commerce industry.
Isolated for decades, its vast wealth and potential out of reach for international investors, Myanmar is now undergoing generational reform aimed at modernising its economy and catching up on decades of lost opportunity. Strategically located at the crossroads between China, India and Southeast Asia, with vast reserves of onshore and offshore natural resources and favourable demographics, Myanmar is poised to be one of the brightest stars among frontier markets for the foreseeable future.
"Unity is strength. . . when there is teamwork and collaboration, wonderful things can be achieved." --Mattie Stepanek. Building a global business requires team work and a global mindset from the very beginning, across your entire organisation. Building your internal capacity and identifying key strategies to support your international business are vital to international success.The ECA is offering a new contemporary online, interactive program for companies looking to start their journey of expanding into overseas markets.
The world of International Trade is ever changing. You constantly need to be on top of compliance and regulatory changes, not only in Australia but overseas.
To help ensure you keep on top of your requirements, the ECA publishes the authoritative guide to export, the Australian Export Handbook.
The ECA – over its 60 year history – has developed an extensive program of workshops and courses that equip businesses with the skills they need to manage and grow their international operations. The ECA has also worked with countless individual companies, state and federal government departments, and local councils to develop in-house training programs. Building on its extensive education experience, the ECA is proud to now offer an International Business Coaching program: a bespoke offering for Australian businesses that need specialised, hands-on-assistance to achieve their international business goals.
Any Australian company that is doing business with the US and shipping any products in via air needs to be aware of important information that is critical to securing the future of your US export business.
US air cargo screening requirements now apply to all exports to the US from Australia. These requirements have been imposed by the US on all airlines carrying Australian air cargo to the US. The Australian Government has been working with Australian businesses over the last two years to help them comply and be ready for the change, while reducing red tape and enabling a smooth transition.
Have you secured your first export contract? Do you need export finance to help deliver on it? Efic can help first time exporters with a range of loans, guarantees and bonds when your bank is unable to provide assistance.
The Export Council of Australia (ECA) welcomes the announcement of Free Trade Agreement (FTA) negotiations with the Pacific Alliance, announced on Saturday by Minster for Trade, Tourism and Investment the Hon Steven Ciobo MP. “We are pleased that the government is seeking new opportunities for Australian companies in Latin America by enhancing and reinforcing Australia’s market access in Mexico, Peru, Colombia and Chile,” says ECA CEO Lisa McAuley.
Today I announce the launch of Free Trade Agreement (FTA) negotiations between Australia and the Pacific Alliance - the Latin American trading bloc made up of Mexico, Chile, Peru and Colombia. Australia is one of the first countries to launch FTA negotiations with the Pacific Alliance.
Trade continues to underpin our nation’s prosperity as Australia’s total trade in goods and services reached a record $673 billion last year. Trade contributed 1.5 percentage points to overall growth of 2.4 per cent, while export growth was driven by an 8 per cent increase in volumes in 2016, according to the Composition of Trade, Australia 2016 report released today.
The preparation of export documentation can be confusing, time consuming, costly and prone to human error, and yet correct export documentation is vital for any exporter to transact business in an efficient and cost effective way. This one day course is aimed at companies looking to not only understand export documentation requirements, but also to train their staff in processing documentation correctly and efficiently.
Work to complete Australia’s accession to the WTO Government Procurement Agreement (GPA) has intensified and is nearing final stages. The accessions of
the Kyrgyz Republic and Tajikistan to the Agreement are advancing steadily as well, informal discussions in the Committee on Government Procurement
on 21 June 2017 have confirmed. The accession negotiations of Russia and the former Yugoslav Republic of Macedonia kicked off at the meeting.
This week I am visiting the United States and Colombia to advance trade, tourism and investment opportunities for Australia. Increasing Australia’s trade through new export opportunities and attracting fresh investment will help create new Australian jobs and drive economic growth.
Against the background of a weak and uneven recovery in the OECD economies versus relatively robust growth in fast-developing Asia, an interconnected global start-up landscape is taking shape in Hong Kong. The start-up ecosystem in Hong Kong is being supported by a number of government and private sector communities and I will focus this article on the two major government initiated incubation Programs and how they assist startups to grow and expand into mainland China and Asia.
Business Events leaders and members of the Business Events Council of Australia last week met with parliamentarians at the Business Events Meets Parliament
bipartisan Friends of Tourism luncheon held at Parliament House. The event was attended by politicians from both sides of politics who engaged with
the industry as they pitched the value of business events to Australia and described the competitiveness of the industry.
I am pleased to announce the Board of Australia’s export credit agency, Efic, has appointed a new Managing Director, Ms Swati Dave. Ms Dave has more than
30 years’ experience in finance and banking across a range of sectors in both domestic and international markets.
Addressing the theme of Innovation as Competition, Australia’s Asian Future Summit 2017, the Economist Events will bring together policymakers, leaders in regional and Australian business, academics and pioneering entrepreneurs to debate the role Australia can play in boosting Asia’s capacity for innovation. How can Australia compete with Asian countries that significantly outspend it in research and development (R&D)?
Book and pay by 31 July for any two August and September ECA courses, and qualify for a 10% discount on both. Book and pay for three or more August and
September courses, and qualify for a massive 20% discount on each one! We have a range of courses from which to choose, including export, import and
doing business in China.
FIJI—The promise of e-commerce and digital trade is that can empower individuals and firms from anywhere to find customers, suppliers, and engage in trade globally. It has enabled the tiniest companies to become “micro-multinationals.” A first customer can literally be found across the world. But this promise is sometimes harder to implement than it first appears.
The ECA wants to know how the changes to the temporary work visa (457 visa) may affect exporters. We have a short window of opportunity to tell the government specific occupations where, if the government tightens visa conditions as planned, it will cause problems for your business. Please respond by completing this short survey.
Are you selling goods into the US via air? Regulatory changes enter into force this 1 July and you must act now to get ready for the change
In less than a couple of weeks any Australian companies that is doing business with the US and shipping any products in via air then you need to be aware
of important information that is critical to securing the future of your US export business.
You are invited to a free lunch-time forum, ‘Opening Doors to Success: How International Students Can Help Your Business’, with addresses from notable speakers, including Karen Borg, CEO of Jobs for NSW, and the Hon. Patricia Forsythe, Executive Director of Sydney Business Chamber.
Leaders of the Business Events industry have visited Canberra to engage with Federal Parliamentarians and senior departmental officials as part of the Business Events Council of Australia (BECA) Business Events Meets Parliament program, taking place today.
Tourists are spending record amounts in Australia. Today I release the latest National Visitor Survey which shows Australian tourists spent a record $61.7 billion for the year ending March 2017, an increase of $3.7 billion. Combined with the record spending of international tourists for the same period, up five per cent to $39.8 billion, total spending by tourists reached a new record of $101.6 billion.