- As green shoots emerge of a cautious return to normal (or what will become the new normal) post Covid-19, it is likely that governments will begin
to embark upon a process of self-reflection.
- Australian traders experienced a blow as a result of authorities’ efforts to control the spread of Covid-19
- They experienced disruption in their supply chain, such as:
The global trading landscape is shifting dramatically. Previously disregarded potential crises are now all too real. To succeed beyond Covid-19 and future
catastrophes, Australian traders will need to take account of the risks seriously and make operational changes that allow them to adapt to short-term
disruptions and stay competitive in the longer-term.
For a long time, the EU was the biggest market with which Australia didn’t have—or wasn’t negotiating—a FTA. That changed last week with Australia
formally starting FTA negotiations with the EU.
The biggest losers from the US’s steel and aluminium tariffs aren’t other countries that export to the US, the biggest losers are Americans. People mistakenly
think tariffs are a burden that foreign exporters have to absorb. They are not; they are a tax on domestic businesses and consumers. Yes, tariffs hurt
foreign exporters, but they are collateral damage. It is America’s economy that will bear the full cost of these tariffs. They will make products more
expensive for American consumers and make American exporters less competitive.
Australia is having the wrong debate about trade. Trade agreements, like the TPP-11, are only as good as the companies using them. If we’re serious about
boosting economic growth through trade, then trade agreements are only part of the answer. The priority must be to address the lack of SMEs in export.
Now the 11 countries in the Comprehensive and Progressive Agreement for Trans Pacific Partnership (or TPP11) have concluded negotiations, modelling is
emerging as a major point of disagreement in Australia.
Government advisory board Innovation and Science Australia (ISA) has backed the ECA’s long-standing policy positions for the need for the government to
adequately support SME exporters.
‘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.’
The ECA has highlighted to the government that changes to the temporary skilled work visas (457 visas) that adversely affect businesses, have the potential
to disproportionately affect exporters.
The Export Council of Australia (ECA) welcomes the release of the 2017 Lowy Institute Poll
. ‘There are a lot of positives to take away from this poll’ said Lisa McAuley, CEO of the ECA. ‘But it
also highlights that the government and business leaders cannot take public support for granted.’
The Minerals Council of Australia welcomes findings from the latest Lowy Institute Poll which show that Australians are strong supporters of free trade and engagement with the global economy.
Washington, DC—It’s been nearly six months since the Trump administration came into office. Viewed from the outside, it appears that American trade
policy has undergone a shift over this period. What hasn’t been so clear is whether this change is one of emphasis or a deep transformation.
Moves to revive the Trans-Pacific Partnership are good news for Australia, which stands to gain significant economic benefits from the regional trade agreement.
The TPP will deliver benefits for Australia by reducing barriers to trade in a wide range of goods and services and improving access to export markets
in the Asia-Pacific.
The European Court of Justice (ECJ) has finally issued a ruling on the vexing issue of what to do about a pending trade agreement between the European
Union (EU) and Singapore. Nearly all of the agreement will now start coming into force after an exchange of signatures and companies can prepare for
the benefits of this FTA.
The trade ministers from the 11 Trans-Pacific Partnership (TPP) countries will be gathering this weekend in Hanoi to discuss bringing the agreement into
force. While the TPP didn’t require many changes from the United States, which is already relatively open, and then structured the overall agreement
largely to match its own domestic procedures, the same cannot be said for the remaining TPP members.
This weekend in Vietnam, at the sidelines of an APEC meeting, Australian Trade Minister Steven Ciobo will meet with trade ministers from ten other countries
to discuss the future of the Trans-Pacific Partnership (TPP).