exports

Australia has posted a trade surplus of $67.6 billion for the 2019 calendar year, according to data released by the Australian Bureau of Statistics on Thursday, with the value of exported manufactured goods showing a modest increase. Minister for Trade, Tourism and Investment Simon Birmingham said the trade surplus was supported by record levels of … Continue reading Trade surplus confirmed for 2019 →

Queensland premier Annastacia Palaszczuk on Thursday announced a $1 million export grants program to help Queensland businesses “go global” by launching their products in overseas markets. “Exports are vital to Queensland’s economy, vital to regional businesses and vital to regional jobs. Queensland has around 7,300 goods-exporting companies, of which 40 per cent are based in … Continue reading Queensland launches $1 million export grants program →

The NSW government, through a Study NSW Partner Project grant, has supported a pilot program that matches international students in NSW with NSW-based exporters to complete market research projects for foreign markets with export potential. Practera, the grant recipient, was awarded funding in September 2018 and launched the inaugural cohort of the Global Trade Accelerator … Continue reading Study partner program gives valuable insights to exporters →

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 Trans-Pacific Partnership (TPP-11) has passed parliament, making Australia the fourth nation to ratify the global trade agreement involving 10 other countries. On Wednesday, Labor voted with the government to pass the legislation enabling the TPP, which minister for Trade, Tourism and Investment Simon Birmingham would open markets for Australian farmers, manufacturers and businesses across … Continue reading TPP-11 passes federal parliament →

Australia’s total trade in services reached a new record of $166 billion in 2016-17, driving economic growth and helping create new jobs. The record has been driven by services exports rising 8.3 per cent to $81.6 billion. The Trade in Services 2016-17 report, released yesterday by the Department of Foreign Affairs and Trade, reveals tourism, education … Continue reading Trade in services sets new record →

QuintessenceLabs was awarded a $3.26 million investment from the Australian Department of Defence to continue the expansion of its quantum key distribution (QKD) capabilities and extend it to free space communications. This was the largest of the eight investments recently made by the Defence Innovation Hub, a part of the Australian Department of Defence. QuintessenceLabs … Continue reading QuintessenceLabs gets investment boost from DoD →

Last week, the NSW government announced the funding for the renewal of the Fitzroy Street shipyard slipway to reactivate the Port of Newcastle and the Hunter as a major marine ship repair and maintenance precinct. For this project, defence company Thales Australia will begin stage one of a phased redevelopment of the site, creating an … Continue reading New life breathed into Newcastle maritime maintenance →

Sunshine Coast pet treat business Huds and Toke has expanded into the Japanese market, after receiving a government grant in April. The family business started four years ago, manufacturing high-quality dog, horse and cat treats in Queensland. After receiving $90,000 under the state government’s Advance Queensland Ignite Ideas Fund, the company has made plans to … Continue reading Qld pet treat manufacturer expands exports →

The development of a floating liquefied natural gas (LNG) import facility off Victoria has been suggested as a means to address rising energy costs. The Andrews government is allegedly in talks with energy provider AGL to build the LNG import terminal close to Melbourne, potentially in Western Port. The facility would supply to the east-coast … Continue reading Plans for offshore LNG facility to address energy crisis →

The Export Council of Australia (ECA) has welcomed the launch of negotiations over the Australia-Hong Kong Free Trade Agreement (A-HKTFA). Hong Kong is a crucial trade and investment partner for Australia, according to the ECA. It is the sixth-largest market in the world for Australian goods exports, and the seventh largest for Australian services exports. … Continue reading ECA supports Australia-Hong Kong Free Trade Agreement →

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 →

Australian CEOs are cautiously optimistic about their business prospects in 2017 according to the latest Ai Group CEO Business Outlook survey. We are well short of exuberance with expectations tempered by the failure of 2016 to live up to expectations and by the wide array of local and global challenges on the horizon.  The survey … Continue reading Ai Group 2017 CEO Business Outlook Survey – Foundations for Growth →

Australian industrial gas users are seeing prices doubling – if they can get contracts at all – with the next two years cited by Manufacturing Australia as a “crunch point” for customers.

Jungheinrich has launched an entry-level range of pallet trucks for low-duty applications. This new range of electric pedestrian trucks is designed for retailers, print shops, workshops or garden centers, or even small to medium-sized businesses that routinely need to move heavy individual items. The range includes EJE M13 (1300kg) and EJE M15 (1500kg) electric pedestrian … Continue reading Pallet trucks for small-to-medium manufacturers →

With a precious few exceptions, this year’s annual top 100 manufacturers report from IBISWorld does not make easy reading, as Alan Johnson reports. THE manufacturing industry has always been an extremely competitive industry, and that trend shows no sign of abating in the near future. While not dramatic, the slow decline of Australia’s traditional manufacturing industry looks … Continue reading 2016 Top 100 Manufacturers – Industry’s winners and losers →

MTPConnect and the Advanced Manufacturing Growth Centre (AMGC) have signed a memorandum of understanding (MoU) to work together in undertaking activities to accelerate the growth of advanced manufacturing in the medical technology, biotechnology and pharmaceutical (MTP) sector in Australia. Both MTPConnect and AMGC have been established as part of the Federal Government’s Industry Growth Centres … Continue reading Collaboration set to boost Australia’s advanced manufacturing sector →

Australia’s Defence Industry minister Christopher Pyne has reaffirmed that Australia remains committed to buying the new F-35 Joint Strike Fighter despite US President-elect Donald Trump’s recent comments saying its ‘”cost is out of control’”. SKynews reported that Trump had a go at aircraft maker Lockheed Martin criticising them over Twitter on the program which has … Continue reading RAAF sticking to F-35 despite Trump attack →