The largest trade deal in history was signed on Sunday, with 15 countries including Australia agreeing to the pact, which covers 2.2 billion people and 30 per cent of the global economy. The agreement, the Regional Comprehensive Economic Partnership, or RCEP, which has taken eight years to negotiate, surpasses the Trans-Pacific Partnership (TPP) in scale, […]
Small Australian businesses will be hurt the most if trade relations between China and Australia falter. While large companies like BHP and Rio Tinto can absorb the temporary revenue loss from lower export rates, it will be much harder for small businesses to survive. According to the latest release of ABS data on Characteristics of […]
On Monday 17 August, the Deputy Premier and Minister for Regional NSW, Industry and Trade John Barilaro announced a $12 million Going Global Package to bolster the export capabilities of eligible NSW businesses. “Helping home-grown businesses succeed in the global marketplace is more important than ever before and here in NSW we have some of […]
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 […]
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 […]
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, […]
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 […]
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 […]
The U.S is currently reviewing tariffs on another $16 billion.
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 […]
