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Nissan Australia’s casting plant has won a global tender to manufacture parts of the company’s flagship electric car. The contract is to produce three cast aluminium parts for the inverter box of the battery-powered Leaf model, currently sold in Japan and the USA. The deal will guarantee more than $150 million in export revenue over [...]
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Tourism Australia reports a rebound in business event arrivals in 2010 compared to the previous year. Between January and November 2010 174,000 visitors arrived to attend conventions or conferences in Australia, an increase of 21 percent on the 2009 that brings the figures back to almost 2008 levels. Tourism Australia managing director Andrew McEvoy said [...]
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The Export Finance & Insurance Corporation’s chief economist Roger Donnelly has forecast continued global economic recovery in 2011. He reported that during 2010 volume of world trade returned to pre-global economic crisis levels and he expects leading emerging markets, led by China and India, will boost growth in the coming year. In an ‘end of [...]
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A potential goldmine of opportunity exist for exporters in China, in both its second and third tier inland cities. In the last decade China’s annual GDP growth fluctuated between 7.5 and 13 percent while OECD countries posted 3 to 4 percent. China’s year-on-year GDP growth for the first quarter of 2010 was 11.9 percent, second [...]
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Worldwide international tourism arrivals are back at pre-GFC levels, according to the United Nations World Trade Organization World Tourism Barometer. The UNWTO recorded 642 million arrivals worldwide, around 40 million more than the same period last year, representing overall growth of 7 percent, and predicts figures for 2010 will top previous records. Emerging destinations led [...]
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Latin America, emerging Asian countries, the CIS, the Middle East, and Northern and Sub-Saharan Africa are leading economic recovery from the GFC. Coface Australia’s country risk overview for October published in thumbnail report on the website at www.coface.com.au shows the United States, Japan and Western Europe are experiencing a slow-down after a partial rebound earlier [...]
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At the time of writing, the trade results for the June 2010 quarter show Australia’s balance of payments deficit at its smallest since 2002. This is a great headline result, made possible by strong demand and price increases obtained by our mining sector. In the agricultural sector prices are also holding up, a positive for [...]
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Business conditions have changed in China since the GFC. I’m constantly being asked “What are we seeing on the ground right now in China and across Asia?” During the recent economic downturn, China, along with governments around the world, unleashed massive economic stimulus programs. Since then, the global economy has been showing encouraging signs of [...]
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More than two-thirds of private companies believe the global economy is on the recovery path, according to a poll conducted by global consultancy KPMG. Seven from 10 businesses surveyed not only believed in the recovery but even more were planning to expand their businesses, with two-thirds looking to hire more staff. Many were also preparing [...]
...read moreTasmania’s merchandise exports have increased for the third consecutive month, according to figures released by the Australian Bureau of Statistics. The April data shows the state’s exports at $304 million. Tasmanian Minister for Economic Development Lara Giddings said this was in large part due to trade with China: “This growth has been driven by a [...]
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