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Annual bilateral talks between the trade ministers for Australia and Japan will begin later this year in an effort to maintain the deep engagement both countries have with each other, announced Minister for Trade Simon Crean. The inaugural meeting, with Japan’s Minister for Economy, Trade and Industry Toshihiro Nikai, will be held later this year. [...]
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The King of Spain HM King Juan Carlos I and Queen Sofia concluded their visit to Australia last week at the Australia–Spain Business Forum. Their first official visit in more than two decades was designed to boost Spain’s profile in the Asia-Pacific region. Parliamentary Secretary for Trade Anthony Byrne said the visit indicated the strengthening [...]
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New laws passed by the Spanish Government on sustainable building should see an increase in Australian exports in this sector, believes Auriol Seaton, business development manager for Austrade. Austrade recently conducted a seminar entitled ‘Australia and Spain – Links to Build a Sustainable Future’ in Madrid to highlight growing opportunities in this market. “Few Australian [...]
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China and Russia will stop dealing in US dollars and instead use their own currencies in bilateral trade, according to a new agreement between the two countries. Both countries have called for a revision global financial system following the global economic crisis, and have supported the need for a new ‘universal’ currency besides the dollar. [...]
...read moreMinister for Foreign Affairs Stephen Smith will chair the Papua New Guinea Ministerial Forum in Brisbane today, along with Papua New Guinean counterpart Sam Abal. Nine Australian ministers, including Minister for Trade Simon Crean, are included in the bilateral talks, illustrating the regard the Federal Government has of our Pacific neighbour. “We will discuss a [...]
...read moreMinister for Trade Simon Crean will fight his old employer, the Australian Council of Trade Unions (ACTU), on the issue of trade protectionism at their triennial congress in Brisbane this week. Crean has already released figures on the benefits of trade to Australia, showing that household incomes rose approximately $3,900 per annum because of trade, [...]
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A report conducted by the Allen Consulting Group reveals that Australia’s bilateral trade with China was worth $3,400 per annum, per household, at its peak this time last year. Chinese Government-owned company Chinalco funded the report. Chinalco is currently looking at investing in Anglo-Australian mining company Rio Tinto, which the Foreign Investment Review Board will [...]
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