The Export Council of Australia (ECA) praises the trade-facilitating measures announced in this year’s Federal Budget. The long-term commitment to improve domestic infrastructure in Australia, and “business as usual” funding for the Australian Trade and Investment Commission will assist Australian industry to engage in the global economy. The ECA believes the latest budget will help to create new jobs and support manufacturing initiatives.
Global Trade Updates
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The United States has now moved one step closer to dusting off a Cold War trade relic and applying it to China. In authorizing US Trade Representative (USTR) Robert Lighthizer to investigate whether to self-initiate a Section 301 case against China for alleged unfair trade practices, we have started down a path first traveled in the 1970s and 1980s.
Doing business in international markets requires companies to understand how to easily navigate their finance to enable global growth.This course provides
an overview of what you need to know when it comes to managing and preparing for global growth and also provides you with the information of key experts
in the field.
Your first forays into international markets have been successful. You may have entered into a short-term distribution arrangement or perhaps sold either
goods or services via online channels, but now you realise that to grow you need to establish a more formal international presence. Before you commit
to tying up resources and spending money, you need to determine the right way forward for YOUR business. This half-day course will equip you with the
necessary information to make an informed decision regarding your international expansion.
The preparation of import documentation can be confusing, time consuming, costly and prone to human error, but correct import documentation is vital for
any importer to transact business in an efficient and cost effective way. This one-day course is aimed at companies looking to not only understand
import documentation requirements, but also to train their staff in processing documentation correctly and efficiently.
Given the complex and rapidly changing nature of regulation, it is imperative that industry remain informed of regulatory changes affecting importing into Australia. A failure to comply with regulations may result in sanctions such as infringement notices, fines and other penalties.
On 1 July 2017, there were a number of further changes to temporary and permanent skilled migration programs, including the Temporary Work (Skilled) visa (subclass 457) program. These changes are of concern for many Australian corporates, SME’s and individuals. ACBC NSW is pleased to invite you to our 457 Visa seminar moderated by Stacey Martin, Expat Advisors Community.
Days ahead of Singapore Airlines increasing services from 24 to 28 flights per week (four times daily) between Singapore and Brisbane Airport, the airline has announced it will operate the brand new A350-900 aircraft for three of its four daily flights. The introduction of the three new aircraft will occur over a four month period starting from Monday 16 October 2017, when SQ235/256 will change from an A330-300 to the new A350-900.
Who ever thought Australian Rules football could be successfully exported to China? But thanks to some forward thinking from officials at the Port Adelaide Football Club the game is now taking off in a big way.
Review of Australia's Space Industry Capability: call for Industry Input and the Melbourne-based Consultation Session
On 4 August 2017, the Australian Government launched the consultation process for the ’Review of Australia’s Space Industry Capability’. The review is consulting widely to examine the Australian space sector’s current capability and areas of comparative advantage, as well as our regional and international engagement within the global sector. Importantly, this input will be used to inform the review’s finding and the development of the right strategic framework to support the growth of Australia’s space industry.
Australia has entered its 26th consecutive year of economic growth, in no small part due to the contribution of trade and investment. Last year Australia’s goods and services exports rose 7.6% in real terms, and net exports contributed 1.4 percentage points to our 2.4% annual growth in real GDP. Australia’s relatively small population means that we will continue to rely on imported capital and bigger overseas markets to keep our standards of living high.
Dairy companies must meet China’s regulatory requirements by January 1 to sell infant formulas. The clock is ticking for Australian infant formula producers to complete a suite of new regulatory hurdles, in order to be able to keep selling their powder in China after January 1.
It’s a new financial year and it’s time for Australian exporters to seize the day and take advantage of a whole range of opportunities that are sitting right on our doorstep. What a start to the year we have had. Working in international trade makes it impossible to shut off from the daily updates and developments in the Northern hemisphere. At the ECA, it is our job to monitor trade policy messaging and announcements in markets like the United States and the United Kingdom on behalf of our members, and the team here has certainly been kept on their toes.
How important is trade to the Australian economy? The short answer is: “it’s vital.” In this edition of International Business Today ECA CEO Lisa McAuley explains why trade and investment is a key driver of jobs, innovation and long-term prosperity for Australia. Ms McAuley says more Australia businesses should consider showcasing their products and services to the world – because when your business succeeds on the world stage – so does Australia.
The ECA – in partnership with the Australian Department of Foreign Affairs and Trade’s Aid for Trade and Australia Awards programs – has formulated a training program specifically for women in the Pacific region. This course is titled: “Australia Awards: Women Trading Globally”.
Political developments in the US have caused uncertainties over the trade policies that could be implemented and the region’s vulnerability to tighter financial conditions.
“Any ‘Buy Queensland’ policies must be consistent with Australia’s international trade commitments,” said Lisa McAuley, CEO of the Export Council of Australia (ECA). “Otherwise they will undermine Australia’s international credibility and risk retaliation.”
In May, Robert Azevedo, Director General of the World Trade Organization, defended trade liberalization in Japan against an increasingly common argument that trade destroys jobs. The Nikkei Asian Review reported his statement that “many jobs have been lost, and people sometimes tend to believe trade is the cause of that.”“In fact,” he said, “it isn’t.”
The decision to extend sales overseas is a logical and natural progression for many businesses. The motivation to grow your business internationally can be triggered by an unsolicited request from an overseas company for a product/service, or the motivation could be the result of a considered decision to develop additional sales growth opportunities and profits through entering an international market.
‘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.’
If you’re thinking of applying for the WA Industry & Export Awards – time is running out! Applications will be closing soon, so CLICK HERE to start your application today.
You’ve got to be in it to win it! Applications are closing soon, and now is your last chance to complete your submission for a chance to be recognised with a New South Wales Export Award. Click here to apply!
You’ve got to be in it to win it! Applications are closing soon, and now is your last chance to complete your submission for a chance to be recognised with a Queensland Export Award. Click here to apply!
Industry culture is the set of core beliefs that underpin the patterns of behaviours being played out across the sector. Therefore, to grow the share of Australian food in the global marketplace, we must understand the drivers and beliefs that are shaping the dynamics across the sector.
The 19th round of negotiations in the Regional Comprehensive Economic Partnership (RCEP) is wrapping up this week in India. These are the megaregional trade talks that will eventually unite 16 countries across Asia (Australia, Brunei, Cambodia, China, Japan, India, Indonesia, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Thailand, and Vietnam).
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Doing Business in China workshops in Sydney and Melbourne are aimed at helping Australian MSMEs take on the China market with confidence, giving them the best chance of success.
This is the second workshop in our Doing Business in China series of three workshops, and it focuses on manufacturing.
Doing Business in China workshops in Sydney and Melbourne are aimed at helping
Australian MSMEs take on the China market with confidence, giving them the best chance of success. This is the third and final workshop in our Doing
Business in China series of workshops, and it focuses on services.