Recent official Chinese messaging suggests that our bilateral relationship has now entered a new low. Without doubt, China’s recent actions, including restrictions imposed on particular Australian exports, are deliberate. We suspect that the relationship has now changed in character for the foreseeable future. We advise Australian exporters to brace for a longer period of contention.
Global Trade Updates
Subscribe to the ECA’s free newsletter and keep informed of new business tools, courses, events, as well as trade policy news.
Due to COVID-19, the third Home Affairs Portfolio Industry Summit was the first summit to be held on a virtual platform across two days – 23 and 24 November. The Home Affairs Portfolio’s annual Industry Summit is its premier industry engagement event. Industry representatives heard from Portfolio's leaders about the ABF’s strategic direction and priorities for the future.
Diana Yates is Managing Director of Cathliro, a producer and supplier of sun dried (smoke free) cocoa beans. She works closely with Solomon Island’s small cocoa growers to improve their farming practices and ensure they get best prices for their ‘wet’ beans. Cathliro purchases their beans, and then ferments and sun-dries them to a reliably high standard – achieving “a consistent flavour of light fruity and floral notes”.
ECA Member The Lupin Co started the business in 2016 and manufacture foods from Australian Sweet Lupin, as a high protein (40%+) and low carbohydrate (4%)
option in a diabesity challenged world. They built a factory and have vertical integration back to large WA farms which supply the business.
Recent news on the international trade stage has been less than optimistic – especially for those Australian exporters who are held up by ongoing Chinese
trade bans on some of our primary products and resources.
It appears to be a direct consequence of some diplomatic disagreements but, to date, falls short of a full trade war.
Australian farmers and businesses are set to benefit from better export opportunities with the signing of the Regional Comprehensive Economic Partnership
(RCEP) Agreement between Australia and 14 other Indo-Pacific countries.
In 2019, Simheang Tex of Kei Meas, Cambodia, participated in the Australia Awards Women Trading Globally program along with 14 fellow participants from South East Asia and Mongolia. Simheang shares her inspiring story with us below.
2020 has started as an exciting year for ECA Member, Vekta Automation. They are in the process of strategically planning for the next three years with a focus on increasing their exporting markets and product offering. They are wrapping up the development of two new products, both will disrupt the market and provide Vekta with a strong entry point for the European market. In all the plans, visions and actions Vekta continues to focus on building relationships- their internal Vekta family, customers, suppliers, partners and associations such as ECA. This is how Vekta will continue to grow to be a global business.
The Export Council of Australia wishes to congratulate Simon Birmingham, Minister for Finance, Minister for Trade, Tourism and Investment, Leader of the Government in the Senate, Senator for South Australia on his appointment to the position of Minister of Finance.
Are you financially prepared for export in 2021?
According to most officials, we appear to have a winner in the United States (US) election with the announcement of the success of the Biden/Harris ticket.
It has yet to be recognised or endorsed by the current US President and his followers but the plan seems to be that the Biden/Harris administration will be inaugurated on 20 January 2021. Although the manner of that inauguration may be very different in the time of the pandemic.
The Pacific Agreement on Closer Economic Relations Plus is a regional development-centred trade agreement. It is a comprehensive Free Trade Agreement (FTA) covering goods, services and investment. Negotiations on PACER Plus commenced in 2009 and concluded in Brisbane on 20 April 2017.
Are you considering exporting your goods or services overseas?
Join the many Australian businesses already taking advantage of Australia’s FTAs.
The preparation of export documentation can be confusing, time consuming, costly, and prone to human error, but correct export documentation is vital for
any exporter to transact business in an efficient and cost effective way. The Export Council of Australia (ECA) has developed a series of workshops
for companies wanting to understand export documentation requirements and/or gain assistance in training their team in processing documentation correctly
Please note there are three workshops available covering different topics - you can attend one or all three!
The COVID-19 pandemic has had a profound impact on global supply chains that will be felt for years to come. Where price and speed were once defining factors in global trade, the focus has shifted to the safety, traceability, and provenance of products as they move around the world.
Viriya Lim’s family business LM Lima Angkor Food produces some of the most popular traditional Khmer biscuits in Siem Reap province, Cambodia. For several
years the biscuits have been sold in supermarkets across Cambodia, enabling many foreign tourists and investors to take home LM products as souvenirs.
Article 9 in our series of Incoterms® 2020 – In each article we will identify the responsibilities of the seller and buyer in the transaction at different points in the shipping journey.
High Commission of India, Canberra, announces the relaxation of conditions for the import of Onions into India. India has been decided to allow relaxation from the condition of fumigation and additional declaration on Phytosanitary Certificate as per the Plant Quarantine Order 2003, for imports up to 15 December 2020 on the following conditions:
Considering protecting intellectual property (IP) assets before you enter new markets can strengthen your business’ competitive advantage and significantly reduce the risk of IP breaches.
If you want to expand your business into Asian markets, there are two exciting initiatives on offer by the Department of Jobs, Tourism, Science and Innovation that can help.
In this webinar, Western Union Business Solution’s APAC Currency Strategist, Steven Dooley, uncovers the key market trends and events set to reshape financial markets and currencies in 2021.
Trade, investment and collaboration with one of the world’s most dynamic economies will be the focus of a COVIDSafe Australia-India bilateral awards initiative coming to Sydney in 2021 under a three-year partnership with the NSW Government.
2019 Women Trading Globally participant promoting Indonesian artisan design and craftsmanship to the world
MSM Milling, our featured member, transforms Non-GM canola seed bought directly from more than 1,000 local farmers, into value-added oil, meal and stockfeed products at its fully integrated oilseed crushing, oil refining, packaging and stockfeed manufacturing operation in regional NSW.