#Trade
Exporters’ diversification adds $646 bn to Australia’s economy in 2020-21
New report reveals how exporters are propelling Australia’s economic growth.
How Aussie icon Leggo’s is giving India a taste of Italy
Simplot Australia, Leggo’s parent company, is a Victoria-based agricultural and food manufacturing company.
Government must invest in trade, workforce development and climate adaptation: National Farmers Federation
The NFF has made the case for investment in trade development, climate adaptation and the expansion of agriculture’s workforce ahead of the 2021 Federal Budget.
Australia-China trade tensions: The way forward
Australia needs to think about how to strengthen relations in the region so it benefits from trade in a COVID-19 world, says Professor Heng Wang, co-director of UNSW Law’s China International Business and Economic Law (CIBEL) Centre. The way forward for trade between Australia and China is through the Regional Comprehensive Economic Partnership (RCEP) alongside the […]
Six reasons to consider trade credit insurance in the new financial year
With the global economy looking fragile and one of Australia’s largest trading partners, China, slowing down, it’s important for Australian business decision-makers to re-evaluate their position as the new financial year begins, according to Atradius. Mark Hoppe, managing director, Oceania, Atradius, said, “The start of the new financial year is traditionally an ideal opportunity for […]
A sale is only a sale once payment is made
Most businesses trade on credit terms with their customers, letting them purchase as they need and pay later. This can be a great way for businesses to build their customer base and gain more work or sales, since customers will often buy more if they don’t have to pay immediately. However, extending credit to customers, […]
The World Trade Organisation begins negotiations for new digital trade rules
Following on from the World Economic Forum Annual Meeting in Switzerland, 76 members of the World Trade Organisation have begun negotiations on new international rules in digital trade. The negotiations on trade-related aspects of e-commerce are a significant step towards updating international trade rules. Australian Minister for trade, tourism and investment, Simon Birmingham said: “Through […]
Australia-UK agreements ensure continued trade for Aussie exporters
A new bilateral Wine Agreement and Mutual Recognition Agreement will ensure continued trade flow between Australia and the United Kingdom post-Brexit. The new Wine Agreement replicates an already existing agreement between Australia and the European Union, which means the UK will accept Australian winemaking practices, and labelling and certification standards. Minister for Trade, Tourism and […]
How will Australian business be affected by Trump’s protection
The U.S is currently reviewing tariffs on another $16 billion.
New customer initiatives shouldn’t come at the expense of culture says hipages CEO David Vitek
Taking a lead in Australia’s home improvement sector has involved eliminating friction points for home owners, letting go of the past and an equal commitment to consumer and culture, according to David Vitek, CEO of online tradie marketplace hipages. The Sydney-based entrepreneur said that Australian homeowners are using the hipages mobile app to advertise more […]
New financial year sees export sentiment lift
Australia’s exporters are more optimistic about the year ahead than they were six months ago. That’s one of the key findings of Efic’s latest Exporter Sentiment Index – a survey of more than 1,200 SME exporters. Nearly half (46%), believe the economy will be better in the next 12 months than it was in the […]
Looking beyond our shores as a small business
Australia’s continued economic relationship with China is showing little sign of slowing down[1], with the country – our biggest trading partner – investing in Australia at a level not seen since before the global financial crisis. There are, undoubtedly, valuable export opportunities for Australia’s small business sector not only in China but also in the […]
‘Leave your sarcasm at the door’ and other top business tips for breaking into the US market
With all of the talk about Asia and the hysteria around Donald Trump‘s presidency, it is easy to forget that the United States is still the largest economy in the world with GDP of over US$18 trillion and by far the largest consumer market with retail sales of over US$5 trillion. While its size means the […]
Will the US withdrawal from the TPP affect us?
Within 48hrs of his inauguration, the 45th President of the United States introduced a swath of Executive Orders that look set to rip up the old rule book and with it, the legacy of the Obama administration. This includes taking steps to dismantle the Affordable Care Act and the reversal of plans to reduce mortgage […]
Unions calling for halt on TPP trade
“Unions in every country negotiating the TPP are calling for negotiations to be shut down unless there are transparent, public mandates that put community interests ahead of company profits.”
Lack of information holding back businesses from international trade
Compliance issues, red tape, and a lack of knowledge relating to FTAs are holding back many of Australia’s businesses from engaging in international trade, according to a new survey by the Australian Chamber of Commerce and Industry.
Precautions a must for SMEs looking to trade overseas
Entering into an international trading relationship can appear complex and challenging to many SMEs. The risks are real and need to be carefully managed.
How to keep your cash flowing in the right direction
In the film Wall Street, Gordon Gecko said, “Money never sleeps”, and this quote never rings truer than in the world of international trade.
China the new frontier for international Australian SMEs
Considering trading opportunities with China, many Australian SMEs may view the market as almost exclusively an exporter. Yet new research reveals the reality is in fact quite the opposite.
Retail trade up 0.2% in December: ABS
Australian retailers saw a small uptick in sales during December, with a 0.2 percent increase in retail trade recorded by the Australian Bureau of Statistics for the month.
Aussie dollar slips below parity against US Greenback
The Australian dollar has slipped below parity with the US dollar overnight, trading as low as US 99.961c overnight, remaining below parity in morning trade.
How exporters can soften the blow of a high Aussie dollar
There has been much talk and speculation recently with the Australian dollar hitting parity twice with the US dollar in the last month alone (the last time parity occurred was in July 1982).
Aussie dollar surges past parity as the US Federal Reserve ‘prints money’
The Aussie dollar has surged past parity with the US dollar, reaching as high as US1.0062 after the US Federal Reserve announced that it would buy $600 billion in treasury bonds in an additional round of ‘quantitative easing’ to prevent deflation.
Aussie dollar fails to reach parity with US dollar after hitting US 99.94cents
The Aussie dollar has failed to reach parity with the US dollar after coming as close as US 99.94 cents yesterday as profit takers moved into the market ahead of the release of US economic data tonight Australian time.