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Global Trade Updates

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Australia in need of a 2020s vision

Australia in need of a 2020s vision

19.05.2020 ​HSBC Bank Australia

Australia is in need of a 2020s vision for its economy. The COVID-19 crisis, which is set to deliver the country’s first recession in 29 years and has come at a significant human cost, should also be the springboard for a comprehensive economic reform agenda to support a swift post-virus economic recovery.

 
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Freight and Education Hub project is nearing completion

Freight and Education Hub project is nearing completion

18.05.2020 Dianne Tipping

The Export Council of Australia (ECA) and Darwin International Airport (DIA) are proud to announce that the infrastructure project involving the development of the Darwin International Airport’s Freight and Education Hub is nearing completion.

The Export Council of Australia (ECA) and Darwin International Airport (DIA) are proud to announce that the infrastructure project involving the development of the Darwin International Airport’s Freight and Education Hub is nearing completion 
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Is now the right time to move away from China?

Is now the right time to move away from China?

14.05.2020 Tamara Oyarce

The short answer is – no.

The COVID-19 crisis has augmented the rhetoric that at a macroeconomic level Australia seems too reliant on China and so are our businesses – particularly exporters. 
 
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Free trade deal with Indonesia set to kick-off on 5 July

Free trade deal with Indonesia set to kick-off on 5 July

08.05.2020 Senator the Hon Simon Birmingham

Australian exporters will soon start reaping the benefits of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), with Australia receiving formal notification that Indonesia has completed its domestic ratification processes.

 
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​New flights to get seafood exports moving again

​New flights to get seafood exports moving again

07.05.2020 Senator the Hon Simon Birmingham

Tropical North Queensland’s seafood industry has been given a major boost, with the Morrison Government helping to secure a critical freight route between Tropical North Queensland and Hong Kong.

 
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Best Case Scenario sees COVID-19 Cost US$9 Trillion

Best Case Scenario sees COVID-19 Cost US$9 Trillion

04.05.2020 Export Finance Australia

In January, the IMF forecast the global economy to expand at the ‘sluggish’ pace of 3.3% in 2020. But less than three months later, amid COVID-19 containment measures, the IMF now forecasts the global economy to contract by 3% this year. This would mark the first decline since 2009 and the deepest since the Great Depression.

 
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Post COVID-19: Are you assuming a new normal for your industry?

Post COVID-19: Are you assuming a new normal for your industry?

04.05.2020 Shane Styles

Let us put some perspective around our position. Whilst the interconnectedness of the world of trade is here to stay, a shock to the system of this magnitude is creating a shift in the preferences and expectations of society as people, employees, and consumers. How you interpret these shifts and then position your business to chart a course forward will determine your position success - not just now, but in two years’ time?

 
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Australia Awards Women Trading Globally program participant begins sales to Australia from Indonesia

Australia Awards Women Trading Globally program participant begins sales to Australia from Indonesia

01.05.2020 Angela Wright

In 2019, Annisa Pratiwi, Co-founder of Ladang Lima, participated in the Australia Awards Women Trading Globally Program funded by the Department of Foreign Affairs and Trade. The program focused on building the export capabilities of 15 female entrepreneurs from countries in South East Asia and Mongolia. The program was delivered in Brisbane and Sydney over two weeks, and the timing of the program coincided with the Naturally Good Expo in Sydney.

 
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Will COVID-19 have lasting effects in Australia’s international trade?

Will COVID-19 have lasting effects in Australia’s international trade?

01.05.2020 Tamara Oyarce

Short answer - yes.
Covid-19 is causing widespread disruptions to shipping and air freight, and wreaking havoc on global supply chains across Europe, America and Asia which are critical to the supply of goods. Toilet paper and PPE shortages, profiteering from hand sanitizer and empty shelves in grocery stores were common around the world right from the start of this pandemic.

 
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Resources and opportunities available to support exporters

Resources and opportunities available to support exporters

01.05.2020 Export Council of Australia

Regional Development Australia (RDA) Sydney is holding a webinar "Resources and opportunities available to support exporters" on Wednesday 6 May at 11 AM (AEDT).  Join this webinar to explore all opportunities for businesses affected by COVID-19 and find the support to maintain export confidence.

 
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The World of Trade These Days

The World of Trade These Days

17.04.2020 Tamara Oyarce

The COVID-19 pandemic is inflicting high and rising human costs worldwide, with over three million of people infected by the virus and over 211,000 deaths, we at the ECA are profoundly saddened by the loss of life that has occurred around the world. This health crisis has quickly evolved to become an economic crisis, with millions of people around the globe losing their jobs and income. Concerning projections from both the IMF and the WTO who have predicted the global economy will contract –3% and that international trade will fall sharply in 2020 respectively. In an ‘optimistic’ scenario, WTO economists predict the volume of global merchandise trade will fall by a staggering 13% compared to 2019.

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​Supporting Australian exporters through COVID-19

​Supporting Australian exporters through COVID-19

17.04.2020 Export Finance Australia

Export Finance Australia provides a range of flexible loans and guarantees for exporters. If your business has been affected by COVID-19 and you need finance, see how Export Finance of Australia could help.

 
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Managing the impact of COVID-19 on our businesses

Managing the impact of COVID-19 on our businesses

17.04.2020 Shane Styles

Businesses need to understand upfront that dealing with COVID-19 is not a sprint; it’s going to be a marathon. But most managers and owners are running around in the businesses like it’s a sprint, and the business is going to struggle to chart the right course.

 
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Government engaging with industry

Government engaging with industry

17.04.2020 Mark Tucker

The coronavirus (COVID-19) pandemic is changing the way we live and work—and the agricultural industry is no exception.Australia’s agriculture, fisheries and forestry industries are essential to our country’s food and fibre security, so keeping our industries strong and viable is a priority.

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Brexit has started but the uncertainty remains

Brexit has started but the uncertainty remains

15.04.2020 Andrew Hudson

At last, the UK has finally started its process to depart the European Union (EU). However, there is still some real uncertainty about what will remain at the end of the departure process.

What has taken place?

 
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