Momentum builds for trade deal with European Union
The Minister for Trade and Investment Andrew Robb has welcomed the overnight release of the European Commission’s new trade and investment strategy, confirming it will seek authorisation from the EU’s member countries, to negotiate a Free Trade Agreement (FTA) with Australia.
Export Council of Australia launches online FTA tool
The Export Council of Australia (ECA), with partners, ANZ, and content providers, Hunt & Hunt Lawyers, have launched an FTA Tool, a website for Australian exporters that simplifies the use of the 10 Free Trade Agreements (FTAs) signed between Australia and other nations.
Exporters welcome a lower currency
Exporters welcome a lower currency because, all else equal, it improves their competiveness abroad, but the size of the benefits differ among exporters. Agricultural exporters are the largest beneficiaries of a weaker exchange rate; the effect on mining is less pronounced.
Services exports to Asia on the rise
China continues to be the leading market for Australian services exports, worth $7.5 billion in 2013-14; a figure Minister for Trade and Investment Andrew Robb says will only increase as businesses capitalise on opportunities created through our recently concluded Free Trade Agreement.
Tourism can be Australia's fastest growing sector this decade
Opening Tourism Australia’s inaugural Destination Australia Conference, Minister for Trade and Investment Andrew Robb, said that tourism can be the fastest growing sector in Australia this decade but it would require “vision, courage and a huge injection of capital”.