Tag Archives: importing to australia

Australia a Top 10 destination for foreign investment

Australia has remained one of the top 10 global destinations for foreign direct investment (FDI) for three consecutive years, according to the UN Conference on Trade and Development’s (UNCTAD) World Investment Report 2014. Over the three years to 2013, Australia attracted a total of US$171 billion in FDI flows, up nearly 55 per cent from […]

Trade deal with Japan worth over $70 billion to drive growth and jobs

Australia has signed a historic Economic Partnership Agreement (JAEPA) with Japan, our second-biggest trading partner with two-way trade worth over $70 billion. Minister for Trade and Investment, Andrew Robb, said the agreement will leverage Australia’s strengths to drive economic growth and job creation. More than 97 per cent of Australia’s exports to Japan will receive […]

FALL IN AUSTRALIAN IMPORTS BY 5% IN FEBRUARY

Australia imported $20.51bn worth of international trade goods in February 2014, a fall of $1.1bn (5%) on the revised January 2014 merchandise imports of $21.61bn, according to recent data from the Australian Bureau of Statistics (ABS). Meanwhile, the majority of containerised cargo within Australia’s top 20 goods imports declined in value following a peak in […]

IMPORTERS TO BE AWARE OF NEW TERMINAL CHARGES FOR CONTAINER STORAGE

Patrick has announced the new terminal charges. It has been reported that some Melbourne, Brisbane and Sydney terminals will be rolling out new container storage charges effective July 1 2014 Storage charges apply to any containers that remain uncollected after three days including the first day of availability. This highlights the need more than ever […]

KOREA-AUSTRALIA FREE TRADE AGREEMENT TO BENEFIT INDUSTRY & CONSUMERS

Australia’s competitiveness in the Korean export market is set to increase along with cost benefits to Australian consumers with the implementation of the Korea-Australia Free Trade Agreement (KAFTA). On 8 April 2014, Australia’s Minister for Trade and Investment Andrew Robb and his South Korean counterpart, the Minister for Trade, Industry and Energy, Yoon Sang-jick, formally signed the […]

Australia’s Trade Surplus in Jan hits 30-month high

Australia recorded a large A$1.4 billion trade surplus in January 2014 in seasonally adjusted terms, the largest since August 2011, according to new data from the Australian Bureau of Statistics. Australia has now been in a trade surplus for three consecutive months since November 2013.