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.
GTPA seek to better understand the needs of UK businesses in a post-Brexit environment during Going Global 2019
As the Head of Global Trade Policy based in the UK, I am delighted to announce that GTPA CEO Lisa McAuley will be joining the rest of the GTPA at Going Global 2019. Lisa has helped to support businesses to succeed in global markets for over 15 years and has driven ground-breaking research and advocacy projects around the global competitiveness of SMEs.
During Going Global, Lisa and the GTPA will be engaging with UK businesses to better understand their needs and the challenges they face in this uncertain business environment, as well as how GPTA product and service offerings can help.
Australia welcomes agreement to finalise regional trade deal
Australia has welcomed agreement to quickly finalise a landmark deal for trade in our region that will boost export opportunities for Australian businesses
and create more local jobs.
Minister for Trade Simon Birmingham said the Regional Comprehensive Economic Partnership (RCEP) would further integrate Australian businesses into the
world’s fastest growing region.
“Substantial progress has been made with 15 of the 16 RCEP countries committing to finalise minor outstanding matters within months and proceeding to signing
this deal next year,” Minister Birmingham said.
Boosting regional trade and investment ties
Minister for Trade, Tourism and Investment Simon Birmingham will travel to Thailand to progress negotiations on the Regional Comprehensive Economic Partnership
(RCEP) and attend the East Asia Summit with the Prime Minister.
Minister Birmingham said the talks would focus on finalising discussions on a free trade agreement that would further integrate Australia into the world’s
fastest growing region.
“Australia’s exports are at record levels but in a competitive world we must continually seek out new export opportunities for our farmers and businesses,”
Minister Birmingham said
“No other active trade negotiation brings together parties with the collective economic weight of the ASEANs, China, India, Japan, Australia, South Korea
and New Zealand.
Introduction of legislation for Indonesia, Hong Kong and Peru trade deals
The Morrison Government has today introduced the necessary legislation into the House of Representatives for Australia to ratify our free trade agreements with Indonesia, Hong Kong and Peru.
Trade Minister Simon Birmingham said the creation of new export opportunities for Australian farmers and businesses was a key pillar in the Morrison Government’s economic plan.
“These free trade agreements will open new doors and deliver wide-ranging benefits for Australian exporters,” Minister Birmingham said.
Australia and Singapore scope landmark digital economy agreement
Australia and Singapore are continuing to lead the way on digital trade through a landmark agreement that will harness digital transformation and technology
to expand trade and economic ties in our region.
Following discussions in June in Singapore between Prime Ministers Scott Morrison and Lee Hsien Loong, work on a landmark Australia-Singapore Digital
Economy Agreement commenced, with the aim to deepen the bilateral economic relationship, promote greater connectivity and provide ambitious standards
for the region’s digital economy.
Global turbulence: The case for caution
The fact that ongoing global events continue to raise concerns across the business world was the lead topic at GTR’s Commodities 2019 conference in Geneva, where the GTPA argued the case for caution in the face of uncertainty and disruption.
Whether observing events from a macro perspective or more granularly from a country or industry-based perspective, the disruption and uncertainty we are experiencing in the global economic and political environment is making it increasingly difficult for businesses to plan and invest for the future.
The world’s largest international trade finance gathering
GTR Asia 2019 (formerly known as Asia Trade & Treasury Week) will return to Singapore September 3-4, 2019. Recognised as the world’s largest international
gathering for the trade, commodity, fintech and treasury community, GTR’s annual event in Singapore last year welcomed a record-breaking total of over
1,100 industry participants from local and international banks to multinational corporations and SMEs, independent financiers, commodity brokers and
traders, insurers and risk managers, lawyers, consultants, ECAs and multilaterals and more!
2019’s event is set to be even bigger and better! Participants will have the chance to hear over 100 of the world’s leading trade, treasury and fintech
experts reflecting on developments in the Asian market and more globally, whilst also having the chance to network and discuss trade priorities
with over 500 different companies.
International trade standards and why they are important for MSMEs
Opinion of: Lisa McAuley, CEO of the Global Trade Professionals Alliance (GTPA)
Standards are the key to consistency in business. They set out the processes, procedures and frameworks to ensure that products, services, processes and people meet a qualified set of expectations. Standards streamline and systematise complexity to provide a level of trust in the best means to achieving an outcome, a capability, a competency or an output.
Standards do far more than just help you comply with the relevant rules and regulations. They play a crucial role in facilitating international trade, supporting businesses into export markets by lowering barriers to trade.
eCommerce Tool: Powering MSMEs to grow internationally via online channels
GTPA announce the development of a new tool to empower MSMEs to engage in online ecommerce
“Today’s MSME is tomorrow’s Microsoft or Alibaba! Every MSME, irrespective of their location or their industry sector needs to be recognised, valued and fostered so that their true potential to achieve greatness can be realised.”- Collins Rex, Asia/Africa Director- GTPA
Exporting online presents exciting opportunities for businesses thinking of expanding into new markets. Online sales are the world’s fasting growing retail channel, globally valued at USD 16.2 trillion.
Op-ed - Trade wars and global supply chains
The United States is the top destination market for Chinese merchandise exports. Soon virtually all Chinese goods imported into the US will be subject to tariffs, with profound knock-on effects for both businesses and consumers.
Escalating trade friction between the US and China is impacting farmers, consumers and businesses large and small. Billions of dollars of Chinese goods now face 25 per cent tariffs when entering the United States.
A fresh opportunity to diversify Australia’s trade
Australia delivered a fresh mandate to incumbent Prime Minster Scott Morrison in the country’s recent federal election. Turned off by the opposition’s high-tax high-spend agenda, voters elected for the Prime Minister’s more practical approach to economic management.
Moderate economic reform should be enough to keep Australia’s economy humming along, though from a trade point of view it is an economy that is still heavily reliant on the export of a few commodities to a few markets.
Uncertainty in the global trading environment, escalating trade tensions, stagnating investment and a looming recession risk combine to make this an opportune time to examine Australia’s trade outlook and explore ways to diversify.
1st International Pan-African Conference on the CHALLENGES OF GROWTH AND SUSTAINABLE DEVELOPMENT IN AFRICA
For many years, the development challenge has been a rich world of one billion people facing a poor world of five billion people. The real development
challenge is that there is a group of countries at the bottom that are falling behind and often falling apart. This has been described by Paul Collier
(2007) as The Bottom Billion. Unfortunately, most of the Bottom Billion countries are located in Africa. For example, Nigeria, a country in Africa,
has been dubbed the current “world capital of poverty”.
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.