Australia-UK Free Trade Agreement negotiations kick-off
Australia and the United Kingdom have today announced the commencement of negotiations on a bilateral free trade agreement (FTA), which will start a new chapter in the economic relationship and help to boost export flows between our two nations.
Trade Minister Simon Birmingham said Australia was ready to help the UK find new beginnings post Brexit and in doing so, open up new doors for our farmers, businesses, and investors.
Enhanced transparency for free trade agreement negotiations
The Morrison Government has today announced it will establish a Ministerial Advisory Committee (MAC) to help inform the Government’s ongoing free trade agreement (FTA) agenda.
Federal Trade Minister Simon Birmingham said the MAC would form an important part of the Morrison Government’s commitment to enhancing transparency around FTA negotiations.
STATEMENT: GTPA RECOGNISES NATIONAL RECONCILIATION WEEK AND THE NEED FOR INCLUSIVE TRADE INITIATIVES
As Australia celebrates National Reconciliation Week, the Global Trade Professionals Alliance (GTPA) recognises the contribution Indigenous Australians have made to Australia’s culture, identity and achievements.
Reconciliation is about a mutual strengthening of relationships between Indigenous and non-Indigenous Australians to create a more just, equitable and reconciled Australia. Trade and commerce play an integral role in this.
GTPA and IIT stands ready to collaborate with APEC
The Global Trade Professionals Alliance (GTPA) and International Trade of the University of Adelaide (IIT) commends and shares the course of action delineated in the Statement on COVID-19 by APEC Ministers Responsible for Trade issued in Kuala Lumpur, Malaysia, on 05 May 2020.
Lisa McAuley, CEO of the GTPA said “in these challenging times, international leadership and cooperation are not only crucial but also a manifestation of the significance of economic integration regional projects like the Asia-Pacific Economic Cooperation (APEC).”
RENEWED EFFORTS FOR INTERNATIONAL COOPERATION
Lisa McAuley, CEO of GTPA
Dr Tomás Quesada, VP for Research and Policy of GTPA
The benefits of integrated economies have been visible in the handling of the pandemic itself
The world’s economy is facing its hardest prospect since the Great Depression. The International Monetary Fund projects a sharp contraction of the
global economy of -3 percent for 2020. Global trade has been particularly affected due to supply chains disruptions, a fall in domestic consumption
and investment, a reduction in the number of working hours, and the imposition of non-tariff barriers by governments. Protectionist measures already
evident before the virus outbreak have now exacerbated. According to the World Trade Organisation (WTO), global trade is expected to fall by between
13% and 32% in 2020, and it is likely to fall harder in sectors with complex value chains.
UNLOCKING INCLUSION AND PARTNERSHIPS IN GLOBAL TRADE
Lisa McAuley, CEO of GTPA
Dr Tomás Quesada, VP for Research and Policy of GTPA
No one business, and certainly no MSME, needs to navigate these rather stormy waters alone
As these lines are being written, micro, small and medium enterprises (MSMEs) around the world are closing their operations. No one business, and certainly no MSME, needs to navigate these rather stormy waters alone.While the global business landscape is changing quite rapidly, we are confident that the global business environment will eventually stabilise. In the meantime, businesses’ capacity to survive will depend on their ability to innovate the ways in which they communicate, manage their business, and engage customers.
New air freight network to boost agricultural and fisheries exports
A new network of 15 air freight service providers and freight forwarders has been established by the Morrison-McCormack Government to accelerate delivery
of agricultural and fisheries exports into key overseas markets.
In the first three weeks of its operation, over 560 Australian businesses have registered their interest in utilising the International Freight Assistance
Mechanism and agreements for 55 freight flights have already been secured.
African Trade Finance: Mind the technology gap
Plugging the gap from above
Africa is uniquely placed to trade with growing markets in the East, established markets in the West, and domestic markets on her own continent. In
order to benefit from the ensuing economic advantages, the continent’s financial institutions have started to tackle the unmet demand of Africa’s
trade finance gap, currently estimated at US$120 billion by the African Development Bank (AfDB).
First flight takes off under $110 million freight assistance initiative
Premium quality Australian seafood will soon be on the plates of thousands of overseas consumers, with the Morrison-McCormack Government helping to secure a critical freight export route under its $110 million International Freight Assistance Mechanism.
In the first partnership struck under the new initiative that was announced last week, Australian seafood producer Tassal will today, commence twice-weekly flights packed full of premium seafood into the Taiwanese market.
Summary of Government Assistance to Businesses
Business Support Fund
The $500 million Business Support Fund will support Small and Medium Enterprises (SMEs) within the hardest hit sectors, including hospitality, tourism,
accommodation, arts and entertainment, and retail. Eligible businesses can apply for a one-off $10,000 grant which can be used towards costs such
as utilities, rent and salaries, and activities to support business continuity planning. Apply now.
Working for Victoria Fund
Under the $500 million Working for Victoria Fund, displaced workers will be eligible to apply for different types of work. This presents opportunities
for paid work and a chance to contribute to Victoria’s ability to manage this event and support the community.
Funding boost to support Australian exporters and tourism businesses
The Morrison Government will inject an extra $49.8 million into the Export Market Development Grants (EMDG) program in the 2019-20 financial year, allowing
exporters and tourism businesses to get additional reimbursements for costs incurred in marketing their products and services around the world.
Federal Trade and Tourism Minister Simon Birmingham said today’s funding boost would provide much needed relief and a timely cash flow injection for
exporters and tourism businesses within the scheme who were doing it tough.
Establishment of interim appeal arrangement for trade disputes
Australia and 15 other members of the World Trade Organization have agreed to establish an interim arrangement to bring appeals and solve trade disputes.
Minister for Trade, Tourism and Investment Simon Birmingham said the interim arrangement would allow appeals on trade disputes to be heard at a time
when the formal appeals process of the WTO dispute settlement system was unable to function.
JOINT MINISTERIAL STATEMENT BY AUSTRALIA, BRUNEI DARUSSALAM, CANADA, CHILE, THE REPUBLIC OF THE UNION OF MYANMAR, NEW ZEALAND AND SINGAPORE
The COVID-19 pandemic is a serious global crisis. As part of our collective response to combat COVID-19, Australia, Brunei Darussalam, Canada, Chile, the
Republic of the Union of Myanmar, New Zealand and Singapore are committed to maintaining open and connected supply chains. We will also work closely
to identify and address trade disruptions with ramifications on the flow of necessities.
We recognise that it is in our mutual interest to ensure that trade lines remain open, including via air and sea freight, to facilitate the flow of
goods including essential supplies.
Australia and Singapore enhance digital trade ties
Australia and Singapore have today concluded negotiations on a landmark Digital Economy Agreement that will further boost trade opportunities with our
largest two-way trading partner in South-East Asia.
Minister for Trade, Tourism and Investment Simon Birmingham said that although the current circumstances were placing immense pressure on trade-exposed
businesses, the Agreement would ultimately help to expand the scope of our economic engagement with Singapore and provide new opportunities for
businesses and consumers operating in the digital economy.
Australia’s free trade deal with Peru kicks-off
New export opportunities for Australian farmers and businesses will begin to flow from today with Australia’s free trade deal with Peru entering into force.
Trade Minister Simon Birmingham said the Peru-Australia Free Tarde Agreement (PAFTA) would open new doors for a range of Australian exporters with the elimination of more than 99 per cent of tariffs within five years.
“This trade deal will provide new export opportunities for Australian farmers, businesses and services providers including in mining and education,” Minister Birmingham said.
Coronavirus outbreak a timely test for supply chain resilience and the need for adaptive leadership skills
Opinion by Niels Strazdins, Head of Global Trade Policy & Europe Director at Global Trade Professionals
The 2020 coronavirus outbreak in China has been declared a global health emergency and concern is growing over its potential to become a pandemic. With over 600 fatalities to-date, the scale of the human tragedy cannot be ignored and is increasing by day.
Beyond its tragic human impact on the residents of Hubei province, China more broadly, and the rest of world, the outbreak’s economic consequences are also mounting.
More tariff cuts under Australia’s free trade deals
Australian farmers and businesses will continue to reap the benefits of our free trade agreements with new tariff cuts kicking-off today in our major export markets.
Federal Trade Minister Simon Birmingham said the latest round of tariff cuts under our trade agreements with China and South Korea as well as the Trans-Pacific
Partnership (TPP-11) would build on the huge benefits these major agreements have already delivered for our economy.
Australia ratifies trade deals with Indonesia, Hong Kong and Peru
Australia has today ratified its free trade agreements with Indonesia, Hong Kong and Peru, a move that will give our farmers access to more markets, greater
opportunities for our businesses, create more jobs and increased investment.
Trade Minister Simon Birmingham said these agreements would enhance export opportunities and deliver significant benefits for Australian exporters.
“This trade trifecta will deliver more opportunities and greater access to more markets for Australian farmers and businesses,” Minister Birmingham
9th Supply Chain Finance Summit
International Chamber of Commerce (ICC) Academy hosts the 9th edition of its Supply Chain Finance Summit I 4-5 March 2020 I Singapore
Singapore, 9 December: The annual Supply Chain Finance Summit is set to return to Singapore in 2020. Registration is now open for the educational arm of
the International Chamber of Commerce (ICC), ICC Academy’s, flagship event, which takes place from 4-5 March.
Marking its ninth edition in 2020, the Summit offers unparalleled networking opportunities with over 300 international participants from across the supply chain finance (SCF) industry—including trade finance experts, chief financial officers, corporate credit and risk managers, corporate treasurers, import managers, trade specialists, bankers, insurers and consultants, as well as vendors from more than 20 countries.
GLOBAL TRADE PROFESSIONALS ALLIANCE (GTPA) CEO ANNOUNCES OPPORTUNITY FOR UK BUSINESSES TO HAVE THEIR SAY IN DEVELOPING NEW SOLUTIONS TO HELP GROW THEIR BUSINESS GLOBALLY
We are just days away from Going Global Live and we hope you are as excited as we are about meeting each other at the London ExCeL on the 27th & 28th!
As part of the GTPA’s involvement in the Going Global Live, our CEO Lisa McAuley is pleased to be visiting the UK to unveil our new solutions for UK businesses to gain access to online tools and training solutions to help them grow globally from 2020 onward.
Our goal is to bring people together to:
- build professional capabilities in trade
- elevate the profile of trade
- advocate the benefits and opportunities of trade
- facilitate networking
- improve the performance and success of companies in global trade
- boost the efficiency of trade processes.
Featured GTPA Member
Ziyaad Ebrahim, GTP
Ziyaad has close to fifteen years of experience in international trade and development.He joined the World Trade Organization (WTO) after serving 12 years in various positions within the Government of Seychelles, where he comes from.
During his time in the Government of Seychelles, he was directly involved in trade, investment and general economic policy formulation and implementation.He also has experience on WTO accession and was involved in FTA negotiations with the European Union and within the Eastern and Southern African region. He has also worked with international organisations such as the IMF, World Bank and the African Development Bank on Structural Adjustment Programmes, private sector and MSME development initiatives including gender empowerment projects.
In his current role with the WTO, he coordinates the work of the WTO LDC Group in the ongoing trade negotiations.He also monitors and assists LDC participation in specific areas of the negotiations which include Special and Differential Treatment (S&DT), fisheries subsidies, trade facilitation and LDC accession negotiations.
He is fluent in English and has working knowledge of French.
Ziyaad was one of the first people globally to be certified as a Global Trade Professional in the area of Trade Management.