Dynamic Export

The Australia dollar opened higher this morning on the back of a rise on equity markets and a lift in German business confidence. At 07:00 (AEDT), the dollar was trading at $US0.8919/24, up 0.39 percent from Friday’s close of $US0.8885/89. CMC Markets analyst David Taylor said the dollar had been boosted by further improvement in [...]

Australia will provide $100,000 in assistance to Fiji for the adverse consequences of the impact of Cyclone Mick, which caused significant damage to Fiji’s main island, Viti Levu, on 14 December, Minister for Foreign Affairs, Stephen Smith announced this morning. “This funding will provide for the immediate distribution and replenishment of relief and sanitation supplies [...]

Minister for Trade Simon Crean has congratulated Chile on joining the Organisation for Economic Cooperation and Development (OECD). “This invitation to join the Organization for Economic Cooperation and Development is well-deserved recognition of Chile’s economic development success and its on-going commitment to economic growth,” he said. “Chile is one of the most economically dynamic countries [...]

Australia’s farm export earnings are forecast to fall in 2009/10, after increasing strongly in 2008/09, according to the Australian Bureau of Agricultural and Resource Economics (ABARE). ABARE’s December issue of Australian commodities, released by Dr Terry Sheales, deputy executive director for ABARE, forecasts the value of Australia’s farm exports will fall by six percent to [...]

Minister for Foreign Affairs Stephen Smith, this week announced plans to provide a further $28 million over two years to non-government organisations (NGOs) as part of Australia’s Overseas Development Assistance program. Over the past two years, total funding to Australian NGOs for humanitarian and development assistance work has increased from six to eight percent of [...]

A new report has found that Australia provides the fourth best internet service in the world, yet Australians are calling for the Federal Government to invest more in internet infrastructure. The Servcorp International Internet Report, which questioned 7,500 business people in 24 countries, found that Australia has one of the best internet services in the [...]

As part of Small Business September 09, Austrade is inviting SME exporters considering investing in the Middle East & North Africa (MENA) to attend their free seminar. The MENA trade and investment seminar will include a presentation by Austrade senior investment manager for the Middle East & North Africa, Anthony Donnellan, and will discuss issues [...]

The world’s leading central bank governors have agreed on a package of measures to strengthen and regulate the banking industry in the wake of the financial crisis. A statement released by the Basel-based Bank for International Settlements on Sunday said the measures should “substantially reduce the probability and severity of economic and financial stress.” European [...]

Australia’s trade deficit has widened according to the latest figures from the Australian Bureau of Statistics; as the growing strength of the economy fuelled a greater volume of imports, while sluggish activity in advanced markets saw exports slip. ABS trade figures for July revealed imports surged 3.5 percent in the month, while exports slipped 1.4 [...]

Are you thinking about doing business in either China or India? Austrade are set to host a seminar discussing business opportunities in two of the fastest growing economies in the world as part of Small Business September. The seminar aims to equip exporters with the knowledge needed to navigate through the complexities of doing business [...]