Trade system and the digital economy—2017 inquiry
Services are becoming digitised, and 3D printing, Industry 4.0 and other emerging technologies will see the same thing happen to goods.
As goods and services are digitised, it is essential that governments keep up. They must understand new trading methods and the value traded through those methods.
Technology is also enabling new products and services. Business models that were until recently impossible are now mainstream. But policies and regulations have failed to adapt. International trading rules remain geared towards traditional goods exports, with no effective regime to govern digital trade.
Regulators are struggling to find the right balance in response to digital trade: in some instances, they are stifling innovation and competition, in others they are failing to protect consumers.
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VEKTA Advanced Automation
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"In 2014 Vekta Automation became involved in the Export Awards and started to get a better understanding about the role of the Export Council of Australia. After attending a seminar in Perth in February 2019 the decision was instantly made and we signed up the next day. A decision we should have made 5 years earlier. For Vekta, the information, expertise and networking opportunities that the ECA provides has been valuable. It is reassuring knowing that there are experienced and knowledgeable people we can turn to when advice is needed."
Established in 1970, Mavlab Animal Health Pty Ltd is a Queensland based, family-owned, GMP licenced manufacturer of veterinary pharmaceuticals and pet care products. Mavlab has an extensive range of prescription and over the counter products sold in a growing number of global markets. Contract manufacturing opportunities are also available.