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Global Trade Updates

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Regional Facility Takes No Risks When It Comes to Staff Safety During COVID-19

Regional Facility Takes No Risks When It Comes to Staff Safety During COVID-19

02.07.2020 Richelle Ward

When aerospace technology company HeliMods was commissioned to deliver essential assets while the country is experiencing a pandemic, extreme measures had to be taken. Based in Caloundra in regional Queensland, Helimods’ international market consists mostly of US and European clients with teams deployed globally to service demand.

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Asia-Leading the global recovery out of the COVID-19 slump

Asia-Leading the global recovery out of the COVID-19 slump

30.06.2020 Export Finance Australia

There are encouraging signs that Asia will lead the global economic revival. Decisive measures to control the pandemic have resulted in lower infection rates in Asian countries relative to other parts of the world, supporting policymakers’ ability to reopen their economies sooner. 

 
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​International MSME Day–27 June 2020

​International MSME Day–27 June 2020

30.06.2020 Dianne Tipping

The United Nations General Assembly adopted a resolution recognizing the crucial role of Micro-Small and Medium-Sized Enterprises (MSMEs) play in achieving the 2030 Agenda for Sustainable Development. Resolution (A/71/L.60) designates June 27 as “Micro-Small and Medium-Sized Enterprises Day.”

 
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Australian Renewable Export COVID-19 Recovery Package

Australian Renewable Export COVID-19 Recovery Package

30.06.2020 ​HSBC Bank Australia

Supporting jobs is critical to help economies rebuild post-COVID-19. This new report in by WWF Australia and EY, supported by HSBC finds that an AUD2 billion (USD1.4 billion) renewable stimulus package would unlock over 100,000 jobs, generating nearly three times as many jobs than investment in fossil fuel projects, and unlocking AUD9.3 billion (USD6.5 billion) in investments.

 
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What Are the Incoterms® Rules?

What Are the Incoterms® Rules?

30.06.2020 Dianne Tipping

We have all heard of and used Incoterms® but what is the history of the Incoterms® and how can we understand clearly how to use them?

 
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Australia Awards Women Trading Globally Participant's Export Growth Despite COVID-19 

Australia Awards Women Trading Globally Participant's Export Growth Despite COVID-19 

30.06.2020 Angela Wright

In 2019, Chayaa Nanjappa, Founder of Nectar Fresh, was selected to participate in the Australia Awards Women Trading Globally Program held in Melbourne and Sydney for two weeks. Supported by the Department of Foreign Affairs and Trade, the program included a range of engaging sessions on export readiness, discussions with female business leaders, and site visits with Australian exporters.

 
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The latest Currency Outlook, brought to you by OFX

The latest Currency Outlook, brought to you by OFX

26.06.2020 OFX

The global economy has changed, and so too have some of the key drivers impacting currency markets.

We are headed into uncharted waters in the second half of this year, as governments gradually ease their COVID-19 lockdowns and travel restrictions to revive economic growth. Only time will tell whether the global economy can shift to a ‘new normal’, or if it will be a case of two steps forward, three steps back.

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​Australia-UK Free Trade Agreement negotiations kick-off

​Australia-UK Free Trade Agreement negotiations kick-off

18.06.2020 Senator the Hon Simon Birmingham

Australia and the United Kingdom yesterday announced the commencement of negotiations on a bilateral free trade agreement (FTA), which will start a new chapter in the economic relationship and help to boost export flows between our two nations.

 
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$13 Million package to boost regional exports

$13 Million package to boost regional exports

16.06.2020 NSW Trade and Investment

NSW small and medium exporters will benefit from almost $13 million in support programs aimed at creating jobs and supporting the regions, including a $10,000 Exporter Assistance Grant.

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Queensland tourism provider pivots during international travel ban

Queensland tourism provider pivots during international travel ban

02.06.2020 Richelle Ward

This story is part of a series of interviews, by the ECA, with exporters that have been affected by COVID 19.

With travel restrictions within our states and territories destined to be eased in the not too distant future, there is an excitement in the air that only comes while planning your next adventure. The push to get us travelling within Australia could see us fall in love with our lucky country all over again.

 
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Recovery – the world of trade and how will that look at the WTO

Recovery – the world of trade and how will that look at the WTO

02.06.2020 Dianne Tipping

Australia, as well as many other countries of the world, are now in the recovery phase of the COVID 19 pandemic crisis - what does this mean for the economy? This remains to be seen, but I do not think it will be business as usual. However, I do know that trade will be one of the most critical steps that we need to manage.

 
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Australia-Singapore Digital Economy Agreement

Australia-Singapore Digital Economy Agreement

02.06.2020 Export Council of Australia

On 23 March 2020, Prime Ministers Scott Morrison and Lee Hsien Loong announced the conclusion of negotiations for the Australia-Singapore Digital Economy Agreement (DEA).

Prime Ministers also witnessed the signing of two cooperation Memoranda of Understanding (MoUs) on Data Innovation and Artificial Intelligence – part of a suite of seven MoUs under the Digital Economy Agreement enabling enhanced cooperation on emerging technologies and shared challenges.

 
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Australia in need of a 2020s vision

Australia in need of a 2020s vision

19.05.2020 ​HSBC Bank Australia

Australia is in need of a 2020s vision for its economy. The COVID-19 crisis, which is set to deliver the country’s first recession in 29 years and has come at a significant human cost, should also be the springboard for a comprehensive economic reform agenda to support a swift post-virus economic recovery.

 
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Freight and Education Hub project is nearing completion

Freight and Education Hub project is nearing completion

18.05.2020 Dianne Tipping

The Export Council of Australia (ECA) and Darwin International Airport (DIA) are proud to announce that the infrastructure project involving the development of the Darwin International Airport’s Freight and Education Hub is nearing completion.

The Export Council of Australia (ECA) and Darwin International Airport (DIA) are proud to announce that the infrastructure project involving the development of the Darwin International Airport’s Freight and Education Hub is nearing completion 
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Is now the right time to move away from China?

Is now the right time to move away from China?

14.05.2020 Tamara Oyarce

The short answer is – no.

The COVID-19 crisis has augmented the rhetoric that at a macroeconomic level Australia seems too reliant on China and so are our businesses – particularly exporters. 
 
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