The federal government has concluded negotiations with Hong Kong on the Australia-Hong Kong Free Trade Agreement (FTA), with the deal to come into force next year. The conclusion of the agreement with Hong Kong means Australia now has FTAs with seven of its top eight export markets for goods and services. Australia’s trade minister, Simon … Continue reading Australia concludes free trade deal talks with Hong Kong
Australia has ratified the Trans-Pacific Partnership (TPP-11) trade agreement, making it the sixth country to officially join the historic deal. With six countries now having ratified the agreement, the 60-day countdown for the agreement to come into effect has begun. it will enter into force on 30 December this year. Australia joins Canada, Japan, Mexico, … Continue reading Australia officially ratifies TPP-11 trade deal
Australia has been accepted to join the World Trade Organisation (WTO) Agreement on Government Procurement (GPA), following three years of negotiation. A plurilateral agreement within the framework of the WTO, is the GPA is to provide greater opening for Australian businesses to compete in government procurement markets internationally, according to the federal government. First established … Continue reading Australia accepted into WTO government procurement agreement
The federal government has launched a $20 million program aimed at helping small and medium businesses grow, export and generate local Australian jobs. The Small and Medium Enterprises (SME) Export Hubs Initiative, initially announced in the 2018–19 federal Budget, will fund successful applicants to develop local and regional hubs that will help local firms begin … Continue reading Federal government launches export hubs program
The Victorian government has released its strategy to help local companies access Southeast Asian markets and increase trade and investment in the growing region. Called Globally Connected, the government’s Southeast Asia trade and investment strategy outlines plans to strengthen and expand the state’s two-way economic relationship with the region, identifying key trends and highlighting emerging … Continue reading Victoria releases Southeast Asia trade and investment strategy
Three decades of economic reform have boosted economic activity, generated jobs and increased wages for Victorian workers at higher rates than across the rest of Australia, a new report released by the state government reveals. The recently released Australian Trade and Investment Liberalisation Report – carried out by The Centre for International Economics on behalf … Continue reading Victoria’s exporters boosted by long-term reforms, report shows
Confidence appears to be rising among Australian companies working in the defence industry, with new figures released by Defence Export Controls (DEC) revealing a boost in defence export applications. The DEC’s numbers show that the number of defence and dual-use export permit applications received in the last quarter of 2017–18 were 25 per cent higher … Continue reading DEC figures reveal expanding defence export opportunities
Victorian businesses will get a boost into Asian markets following the release of a new round of export support vouchers by the state Labor government. The $1 million in vouchers are to help over thirty businesses ranging across local industries – including food and wine, skin care, information communication technology (ICT) and advanced manufacturing – … Continue reading $1 million in support vouchers granted to Victorian exporters
The fifth round of tariff cuts under the Japan-Australia Economic Partnership Agreement (JAEPA) came into effect on the first day of April, delivering wide-ranging benefits for Australian businesses that will help drive exports and create new jobs. “The new tariff cuts will boost Australia’s already vibrant trade and investment relationship with Japan, our second-largest trading … Continue reading Japan-Australia FTA brings new tariff cuts
Australia’s $101 billion export industry is expanding, according to a breakdown of statistics obtained by Manufacturers’ Monthly. Here, we break down the industry into its fastest-growing export sectors, including those countries that rely on Australian production the most and, vice versa, which countries are importing to Australia in bulk. Read more: The art of exporting Australian-made Australian manufacturing … Continue reading The $101b industry: Which manufacturers are exporting the most?
GS1 has announced a collaboration with IBM and Microsoft to leverage GS1 standards in their enterprise blockchain applications for supply chain clients. The organisation’s global standards for identification and structured data enable blockchain network users to scale enterprise adoption and maintain a single, shared version of the truth about supply chain and logistics events—increasing data … Continue reading GS1, IBM, Microsoft collaborate to leverage GS1 standards for blockchain applications
Driverless vehicle company Navya and the SA Government have agreed on plans to establish Navya’s Asia-Pacific manufacturing facility in Adelaide. The agreement followed discussions between Premier Jay Weatherill and Navya CEO Christophe Sapet in Paris. Investment Attraction South Australia has been working with Navya for the past 12 months to bring the project to fruition. … Continue reading Navya to establish Asia-Pac HQ in Adelaide
A $100 million battery storage “gigafactory” is likely to be built in Darwin, with a new consortium planning to establish a large-scale lithium-ion manufacturing plant by the end of 2018. Energy Renaissance will be backed by engineering group UGL (recently bought by CIMIC), and partnering with US battery storage company 24M. The first phase of the plant, … Continue reading Darwin battery storage gigafactory to open in 2018
German shipbuilder Lurssen hopes to create an Australian manufacturing base to export navy ships around the region. Lurssen chief Peter Lurssen will today present a proposal to partner with Adelaide-based ASC and WA-based Civmec/Forgacs to build 12 offshore patrol vessels. The company intends to establish the base in Perth, however work on its export projects … Continue reading Shipbuilder wants to establish WA manufacturing and export hub
Government has reached an agreement with Lockheed Martin to grow the international competitiveness of small and medium sized companies and their ability to enter export markets. Minister for Defence Industry, Christopher Pyne, said Defence has seven defence primes with global supply chain agreements, which has provided Australian industry with contracts totalling over $830 million. “This … Continue reading New opportunities for Australian defence exports
E-commerce platform Alibaba is anticipating an increase in Australian exporters using its service to help them break into the Asian markets. Maggie Zhou, Alibaba Australia’s managing director based in Melbourne, has tipped a surge in companies seeking advice on selling to China. Speaking with the AFR, she also believes Australia’s clean water, soil and air … Continue reading Alibaba expecting increase in Australian export orders with Asia
It may sound like science fiction, but wastewater treatment plants may one day turn ordinary sewage into biocrude oil, thanks to new research at the Department of Energy’s Pacific Northwest National Laboratory. The technology, hydrothermal liquefaction, mimics the geological conditions the Earth uses to create crude oil, using high pressure and temperature to achieve in minutes … Continue reading Making fuel out of sewage
Australian companies pay an “Australia tax” of 7 – 15 per cent and are best placed to compete on value differentiation and market leadership, according to a recent report.
The supply of infant and adult milk powder into Asia has received a boost following the opening of a Chinese-owned processing plant in South Australia.
Cutting tools maker Sandvik Coromant has signed an agreement to become a Premium Partner of leading machine tool manufacturer, DMG Mori. According to DMG, Sandvik Coromant will be the only tooling manufacturer to be named as a DMG Mori premium partner. As a DMG’s premium partner, Sandvik Coromant will work together with the machine tool … Continue reading Sandvik Coromant becomes DMG Mori Premium Partner