Global Trade Updates

When Narendra Modi ran for Prime Minister in 2014, he pledged to boost the competitiveness of India’s industrial sector to promote growth. Modi will be running for president again in India’s general elections between 11 April and 19 May. The economy is in a better position than it was in 2014, but many of the structural fragilities that Modi inherited continue to afflict India today and a mixed track record in terms of economic reforms has dampened enthusiasm for Modi.

Minister for Trade, Tourism and Investment Simon Birmingham said the Canadian Government had agreed to eliminate discriminatory measures that limit opportunities for Australian wine sales in British Columbia, by 1 November of this year.

Worth nearly 45% of Australia’s total exports in 2018, Australia’s top three Asian markets for our goods and services are China, Japan and South Korea.

Hong Kong FinTech Week will take place on 4 - 8 November 2019 at the AsiaWorld Expo.

Australian export earnings from agriculture are set to fall 4.5% over FY2019 and FY2020 as weaker production, stemming from the drought in eastern states, more than offsets the broad pickup in global prices.

The Australian Women's Leadership Symposiums are a national series of events focused on the experiences of women leaders in the contemporary workforce.

The Morrison Government has today welcomed new ABS data showing Australia registered a record $4.8 billion monthly trade surplus for February, highlighting the ongoing strength and international competitiveness of Australia’s export sector.

The ECA has reviewed the 2019-20 Budget’s economic outlook and identified the key points for its members.

What's in the 2019-20 Budget for exporters? 

There are many export opportunities for Australian producers and manufacturers, and countries within Asia in particular are experiencing growing demand for healthy, functional, free-from, organic and good-for-you foods and beverages - exactly what Australia is excellent at creating. Statistically, the markets below are experiencing growth in terms of GDP, consumer spend, and growing middle class. The best way to make the most of these opportunities is to go there yourself.

The Global Talent Scheme (GTS) pilot finishes on 30 June 2019.

The GTS aims to bring globally mobile, highly-skilled and specialised individuals to Australia who can act as 'job multipliers' in Australian businesses, helping them to hire more local staff and fill critical areas of need.

The Export Council of Australia (ECA) welcomes the government’s announcement to increase funding of the Export Market Development Grant (EMDG) scheme.

The AIBS is one of the largest studies of its kind into Australia’s international business behaviour. Now in its sixth year, AIBS 2019 continues to gauge Australian business’ experiences and perspectives on international markets and continue to assess access to finance for international activities. This year AIBS features additional questions key markets like India, as well as Australian business’ use of innovation in their international market development activities.

Australia and Hong Kong have today signed the Australia-Hong Kong Free Trade Agreement (A‑HKFTA) and associated Investment Agreement, securing more certainty and opportunities for Australian farmers, businesses and investors.

The European Union (EU) has agreed to postpone Brexit until May 22 to give UK Prime Minister Theresa May more time to get her deal approved in Parliament. But unsurprisingly, there are a strings attached.

Coface announces today the following changes in the country leadership in Australia and Singapore. 

Federal Treasurer Josh Frydenberg MP will deliver the Federal Budget in Federal Parliament on Tuesday 2 April 2019. With an earlier than usual budget, the scene is set for the Morrison Government to drive a budgetary agenda in the lead up to the pending Federal Election.  

Join the Export Council of Australia (ECA), with support from the NT Government, for this one-day event that will introduce you to the fundamentals of international business.

Whether you’re looking to expand domestically or explore global markets, knowing what sort of investment or funding suits your needs is crucial. At this Gold Coast workshop you’ll gain an understanding of investment and funding attraction pathways and what investors, banks and governments are looking for to make decisions.

Minister for Trade, Tourism and Investment Simon Birmingham said the Australia’s Trade Through Time website will be a vital tool for students and the Australian public to explore and understand the significant events that have shaped our nation’s trading history.

2018 proved to be a relatively challenging year for China. Growth slowed to 6.6% and is expected to decline further in 2019 (6.2%, according to Coface forecasts). As a result, 59% of the 1500 Chinese companies that participated in Coface’s survey believe the economy will not improve in 2019, the worst since 2003. 

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.

For the first time, FIAL is pleased to participate in THAIFEX “the biggest Food and Beverage Tradeshow in South-East Asia”. Held in Bangkok from 28th May - 1st June 2019. Thaifex is in its 16th year and is expecting to attract 60,000+ trade visitors from all over the world and with the opportunity to facilitate introductions to 3,000+ hosted buyers.

The Global Trade Accelerator (GTA) Program is a virtual two week program enabling NSW-based exporters and trade professionals to post market research briefs for teams of international university students to address.

WA-based SME businesses are starting to see the benefit of rising reinvestment in resource and energy projects, according to Cameron Hall of the Australian Government’s export credit agency, Efic.

To better understand the corporate credit risk status in Australia, Coface conducts the 8th Survey of Corporate Credit Risk Management in Asia Pacific in 2019. You are cordially invited to participate.

Whether you’re looking to expand domestically or explore global markets, knowing what sort of investment or funding suits your needs is crucial. At this workshop you’ll gain an understanding of investment and funding attraction pathways and what investors, banks and governments are looking for to make decisions.

Aiming to assist small and medium businesses aspiring to export or already exporting, this free workshop will be facilitated by the Export Council of Australia. Take advantage of this amazing opportunity!

IP Australia’s free flagship event is back with a line-up of experts across business, industry and government to assist you in your export journey.

Join Austrade for this free information seminar in Margaret River WA and find out about how you can take advantage of Australia’s Free Trade Agreements with China, Japan, Korea and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).