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 […]
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 […]
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 […]
International trade and transport stakeholders are impacted by a number of measures in the 2014-15 Federal Budget. The Australian Logistics Council say projects announced will increase capacity on existing freight routes and support the construction of new infrastructure.
The Australian Industry Group (Ai Group) has released a Ten Point Plan setting out the key policy steps that are required to lift our economic growth and resilience.
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.
New South Wales claimed 34.3% of Australia’s total imports in 2012/13 (down from 36.6% in 2011/12) and was responsible for 20.8% of total Australian exports (up from 19.3%), according to up-to-date data from the Department of Foreign Affairs and Trade (DFAT).
NSW Treasurer, Mike Baird, is pleased with the response from potential bidders for the long-term lease of the Port of Newcastle following the close of Expressions of Interest. Mr Baird said suitably qualified parties would now be invited to participate in a competitive bidding process for the Port, which is expected to conclude by mid-2014. […]