Concern over the employment consequences of globalisation is again driving political debate. Look no further than the United Kingdom’s exit from the European Union and the rise of protectionism in American and Australian politics to see the disenfranchisement of low-skill workers with the effects of international trade.
Dairy co-operative Murray Goulburn has increased net profit by 61.2 per cent, despite a turbulent year in which it retrospectively cut its farmgate milk price.
The United States’ commerce department found that Chinese companies had sold surplus steel below cost in the US, ordering import duty increases of 522 per cent for cold-rolled steel. Sky News reports that US steel industry representatives claim the market has been distorted by dumped products, and it has had to make 12,000 jobs redundant … Continue reading US applies 522 per cent duty on China steel after dumping ruling
Blackmores’ chief executive has said health products approved by Australian standards should not need to be approved again to be sold in China. Fairfax reports that Christine Holgate said approval by Australia’s Therapeutic Goods Administration should be recognised in China, and this would make exporting easier. “If Australia had harmonisation, the recognition that we have … Continue reading Australian standards should be good enough for exports to China: Blackmores boss
The Middle East offers huge potential for Australian exporters, particularly as we look to expand and diversify our export markets away from Asia. Andrew Watson writes.
The recent China FTA is very good news for certain manufacturers, while others might find better returns in other Asian countries. Alan Johnson reports.
Business South Australia has been awarded a federal grant to help SME businesses access export markets, particularly those with recently-signed free trade agreements with Australia.
Boutique manufacturers Astir Frames, Bouwmeester Composites and Finch Composites are taking advantage of South Australia’s strong manufacturing history and access to university testing facilities to gain a foothold in the potentially lucrative cycling market.
Food and beverage led the way in a surge in overall exports from Tasmania last year.
The Chinese stock market may have sent jitters through the region after it commenced 2016 with a shaky start, but the bigger picture is that Asia remains one of the main growth drivers of the world economy.
India’s prime minister Narendra Modi has opened a week-long event highlighting the goal of boosting manufacturing in the developing country.
The Trans Pacific Partnership, one of the biggest trade deals in history, was signed yesterday in Auckland.
Australia’s CEOs are more optimistic now about business conditions than at any time in the past three years, according to a survey by the latest Australian Industry Group.
The depreciation in the Australian dollar has seen manufacturing exports up sharply, led by high-value companies selling into global supply chains.
Though not a new term, “advanced manufacturing” has gained a lot of traction in Australia in the last year or two. There is no universal definition of the term, despite organisations all over the world making their own attempts to pin it down.
Unions have attacked the Labor Party over its support for the free trade agreement with China, saying the amendments the government has made still leave workers unprotected.
An agreement has been reached between the federal government and opposition on the China-Australia Free Trade Agreement (ChAFTA), following a meeting between the trade minister and shadow minister last night.
Labor’s proposed changes to the Migration Act will harm businesses seeking to access overseas workers, the Australian Chamber of Commerce and Industry (ACCI) says.
US President Barack Obama believes the Pacific Trade deal can be finalised this year, despite continued disagreements among prospective members.
Prime Minister Tony Abbott will move a motion in the House of Representatives today asking for support of the free trade agreement with China.