Global Trade Updates

The Australian Border Force (ABF) is committed to ensuring our staff and yours work in as safe an environment as possible. This enables the ABF to continue working with industry to maintain our role in protecting the community, through critical functions such as the examination of cargo, both incoming and outgoing.

To assist Victorian businesses impacted by coronavirus (COVID-19), we are providing information that may be helpful to them. 

In this disruptive and challenging environment, the Global NSW business update will provide you with up-to-date information from our network of overseas offices, market and export advisers on support for business, trade and investment.

A new $110 million initiative will back Australia’s agricultural and fisheries sector by helping them export their high-quality produce into key overseas markets, with return flights bringing back vital medical supplies, medicines and equipment.

The Morrison Government will inject an extra $49.8 million into the Export Market Development Grants (EMDG) program in the 2019-20 financial year, allowing exporters and tourism businesses to get additional reimbursements for costs incurred in marketing their products and services around the world.

The Australian Federal Government, State Governments and Territories have taken a united stance and agree that all freight and logistics services (domestically and internationally) be designated as essential services and thereby supported and protected so that they remain open and working during the current lockdown status in Australia.

Australia and 15 other members of the World Trade Organization have agreed to establish an interim arrangement to bring appeals and solve trade disputes.

We read a great deal of news daily on what the Australian Government and the State Governments of Australia are doing to assist Australians during this very difficult time of the COVID-19 Virus. But what is the world doing collectively to manage the COVID-19 virus?

Export Finance Australia is the Australian Government’s export credit agency, providing finance solutions for businesses, including those affected by COVID-19.

Generally positive news on China production and shipping but risks in pharmaceuticals and face masks.

The Export Council of Australia has a long, proud history of supporting Australian international business. Like all organisation’s across Australia, the ECA is closely monitoring developments and advice regarding the COVID-19. We have been supporting companies to grow internationally for over 60 years and now more than ever we stand to assist in these unprecedented times.

Need finance to grow your fashion business overseas?
Export Finance Australia has helped brands like Camilla, Lee Mathews, Aje, SIR the Label and Threebyone grow their fashion business overseas.

While every day we learn more about the effects of COVID-19 we can’t help but feel concerned about what the next few months will bring for our health and economy. Last week while travelling to regional areas in Queensland my colleague and I came across this good news story that we just had to share with you all.

You’ve worked hard to build your business. Made sacrifices to get it to where it is. Then you discover someone online might be infringing on your IP. In the heat of the moment, it can be easy to think of going straight to court.
This article isn’t intended to talk you out of protecting your business. You just need to consider your options first.

A new year and a new decade should be a time for optimism, but it’s hard to shake the sense of frustration around action on climate change. COP 25, 25th Conference of Parties, the United Nations’ annual climate change conference, reaffirmed the importance of reducing global carbon emissions but failed to set out an ambitious new agenda for doing so.

Australian brands will now have exposure to hundreds of millions of extra potential customers with the launch of the Australian online store on Amazon India. Minister for Trade, Tourism and Investment Simon Birmingham who launched the new online store in Mumbai today said the Australian store on Amazon India would be a game-changer for Australian brands in India.

Haymarket HQ, a not-for-profit organisation supporting start-ups and SMEs to grow into China has introduced China Canvas Challenge, the world’s first online program to get businesses China ready. This 5-week online program serves as a valuable resource for small businesses that want to sell to 1.3 billion Chinese consumers.

Only the beginning of the end of tension?
The release of ‘Phase One’ of the US and China Agreement had led to some degree of relief and confidence in the commercial and financial world.

If you’re looking to purchase equipment, expand capability or take on a new contract, our loans and guarantees could help you.

Download our free METS and Construction Services guide to help you understand:

The coronavirus has been reported in all 23 provinces in China and around the world. The Chinese Government has already extended the annual Lunar New Year holiday period until 3 February 2020. Other manufacturing hubs have already indicated further delays until resumption of work.

Many Australian businesses are looking to expand into the Indian economy, and it is important that these businesses do everything they can to protect their intellectual property.

Third China International Import Expo Enterprise and Business Exhibition (CIIE) will take place in Shanghai from the 5th of November to the 10th of November 2020.

CIIE, hosted by the Ministry of Commerce of the People’s Republic of China and the Shanghai Municipal People’s Government, is the first-ever national exhibition in the world with the theme on import.

If you’re in the business of exporting, you’ll know that having access to finance is critical – but managing cashflow can sometimes be a challenge. You might be scaling up your business or growing your international footprint. This means you’ll need to balance working capital expenses with ongoing costs. 

Many Australian businesses are not aware that their intellectual property (IP) can be considered an export in foreign markets, and therefore be eligible for Australian Government financial assistance to help them grow an export-ready business.

Australian farmers and businesses will continue to reap the benefits of our free trade agreements with new tariff cuts kicking-off today in our major export markets.

Australia has today ratified its free trade agreements with Indonesia, Hong Kong and Peru, a move that will give our farmers access to more markets, greater opportunities for our businesses, create more jobs and increased investment.

There has been a recent surge in interest in the international trade, transport and logistics industry thanks to the Make Your Move campaign funded by the International Trade Development Fund (ITDFund).