Dairy companies must meet China’s regulatory requirements by January 1 to sell infant formulas. The clock is ticking for Australian infant formula producers to complete a suite of new regulatory hurdles, in order to be able to keep selling their powder in China after January 1.
Global Trade Updates
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It’s a new financial year and it’s time for Australian exporters to seize the day and take advantage of a whole range of opportunities that are sitting right on our doorstep. What a start to the year we have had. Working in international trade makes it impossible to shut off from the daily updates and developments in the Northern hemisphere. At the ECA, it is our job to monitor trade policy messaging and announcements in markets like the United States and the United Kingdom on behalf of our members, and the team here has certainly been kept on their toes.
How important is trade to the Australian economy? The short answer is: “it’s vital.” In this edition of International Business Today ECA CEO Lisa McAuley explains why trade and investment is a key driver of jobs, innovation and long-term prosperity for Australia. Ms McAuley says more Australia businesses should consider showcasing their products and services to the world – because when your business succeeds on the world stage – so does Australia.
The ECA – in partnership with the Australian Department of Foreign Affairs and Trade’s Aid for Trade and Australia Awards programs – has formulated a training program specifically for women in the Pacific region. This course is titled: “Australia Awards: Women Trading Globally”.
Political developments in the US have caused uncertainties over the trade policies that could be implemented and the region’s vulnerability to tighter financial conditions.
“Any ‘Buy Queensland’ policies must be consistent with Australia’s international trade commitments,” said Lisa McAuley, CEO of the Export Council of Australia (ECA). “Otherwise they will undermine Australia’s international credibility and risk retaliation.”
In May, Robert Azevedo, Director General of the World Trade Organization, defended trade liberalization in Japan against an increasingly common argument that trade destroys jobs. The Nikkei Asian Review reported his statement that “many jobs have been lost, and people sometimes tend to believe trade is the cause of that.”“In fact,” he said, “it isn’t.”
The decision to extend sales overseas is a logical and natural progression for many businesses. The motivation to grow your business internationally can be triggered by an unsolicited request from an overseas company for a product/service, or the motivation could be the result of a considered decision to develop additional sales growth opportunities and profits through entering an international market.
‘Facilitating the smooth flow of goods and people is critically important for Australia’s international competitiveness’ said Lisa McAuley, CEO of the Export Council of Australia (ECA). ‘We need to ensure they are seen from an economic perspective, not just through a security prism.’
If you’re thinking of applying for the WA Industry & Export Awards – time is running out! Applications will be closing soon, so CLICK HERE to start your application today.
You’ve got to be in it to win it! Applications are closing soon, and now is your last chance to complete your submission for a chance to be recognised with a New South Wales Export Award. Click here to apply!
You’ve got to be in it to win it! Applications are closing soon, and now is your last chance to complete your submission for a chance to be recognised with a Queensland Export Award. Click here to apply!
Industry culture is the set of core beliefs that underpin the patterns of behaviours being played out across the sector. Therefore, to grow the share of Australian food in the global marketplace, we must understand the drivers and beliefs that are shaping the dynamics across the sector.
The 19th round of negotiations in the Regional Comprehensive Economic Partnership (RCEP) is wrapping up this week in India. These are the megaregional trade talks that will eventually unite 16 countries across Asia (Australia, Brunei, Cambodia, China, Japan, India, Indonesia, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Thailand, and Vietnam).
Do you supply overseas defence markets?
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Indonesia and Australia have a strong economic relationship with bilateral trade valued at $15.4 billion in 2015-16. The two countries are currently negotiating the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) designed to enhance bilateral trade.
Asialink Business and NSW Trade and Investment are delighted to invite you to a keynote address by The Hon. Niall Blair, Minister for Primary Industries, Regional Water and Trade and Industry, Parliament of New South Wales on Re-assessing India: opportunities for Australian Business.
Vietnam is keen to explore collaborative partnerships with Australian businesses as it focuses on ensuring energy supply and security to support its economic expansion. Recent policy reforms implemented by the Vietnamese Government to liberalise the sector and attract investment has led to opportunities in the power generation sector, and Australia is well placed to assist.
Demand for Australian fruit, especially mandarins, continues to increase in Thailand, on the back of targeted trade promotional campaigns like the annual ‘Australia Now! In Season’ initiative. ‘Australia Now! In Season’ is a multi-industry, multi-country integrated promotional program focused on South East Asia. It is designed to raise awareness of the advantages of quality, safe and healthy Australian horticulture products.
Given the recent announcement of a Free Trade Agreement (FTA) negotiation with the Pacific Alliance which includes Mexico, recognising this opportunity, the ECA has developed a Speed Networking for International Business event with a focus on Mexico, in Sydney and Melbourne.
Watch this webinar to learn how the current risk climate can impact your business with real examples and strategies to reduce your risk.
Australia has entered into several new international arrangements which will improve the nation’s competitiveness and ability to trade globally. Mutual Recognition Arrangements (MRAs) have been signed with Korea’s Customs Service, Canada’s Border Services Agency and the Customs and Excise Department of Hong Kong.
ECA congratulates Australian Customs and Border Protection Service on Mutual Recognition Agreement signings with Hong Kong, South Korea and Canada
The Agreements mean Australian exporters will benefit from new trade facilitation measures, such as reduced examination requirements and prioritised clearance,
in Hong Kong, South Korea and Canada.“These Mutual Recognition Agreements (MRAs) are important commitments by Australia and Hong Kong, South Korea
and Canada to co-operate on important economic and trade issues,” says Export Council of Australia (ECA) CEO Lisa McAuley.
The NSW Export Awards are heading to Albury on the 24th of July for an information packed afternoon tea for exporters. Come meet us to learn more about the ASEAN opportunity, speed network and receive the ECA’s new ASEAN toolkits! Register here today!
The NSW Export Awards are heading to Newcastle on the 31st of July for an information packed afternoon tea for exporters. Come meet us to learn more about the ASEAN opportunity, speed network and receive the ECA’s new ASEAN toolkits! Register here today!
The NSW Export Awards are heading to Port Macquarie for an information packed afternoon tea for exporters. Come meet us to learn more about the ASEAN opportunity, speed network and receive the ECA’s new ASEAN toolkits! Register here today!