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Foreign direct investment into the UK from Australia has increased, bucking the global trend that saw investment figures drop around the world, according to UK Trade & Investment. Ranked the seventh largest investor in the UK, Australia has increased its projects to the motherland in the last year, despite overall investment in the UK dropping [...]
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Bilateral trade between Australia and China is set to hit $100 billion this year according to Minister for Foreign Affairs Stephen Smith. Increased demand from China for raw materials such as iron ore will drive further trade, he indicated. “Thirty years ago, our two-way trade in goods and services with China was under one billion [...]
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In my interactions with some Australian exporters, I discovered that most do not consider African market in their export plans. Their reasons are largely due to lack of credible information, issues relating to market entry bottlenecks and non-exposure to African business success stories. Interestingly, some exporters still view Africa from the prism of NGO appeal-fund [...]
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In an interview with the BBC, South Africa‘s 2010 Local Organising Committee chairman, Danny Jordaan described the FIFA World Cup as nothing less than an opportunity to “construct a new economic and business environment for the African continent”, using South Africa as a catalyst. Jordaan’s remark truly positions South Africa as the economic gateway to [...]
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Free trade agreements are the darling of any economic relationship, but what are their limitations, and how can you maximise the benefits they bring? Earlier this year, the Australian Industry Group (Ai Group) released results from a survey they conducted among small to large exporters on the benefits of free trade agreements. The survey found [...]
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Since the global financial crisis, Canada has been one of the world’s most resilient economies, so how can Australian exporters make the most of our existing links to seek out new opportunities? Canada has long been considered the younger sibling of the USA, adapting some of its ways and relying heavily on bilateral trade. However, [...]
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Nigeria is just beyond the scope of many Australian exporters, but with a little foreknowledge and an understanding of where the country is heading, this African nation could be very lucrative indeed. To an average Australian, Nigeria brings forth mixed thoughts and feelings. To some, Nigeria is viewed with reservations, but to many; Nigeria represents [...]
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India’s continued economic growth will provide a number of export and investment opportunities to Australia, according to Austrade’s New Delhi-based senior trade commissioner Peter Linford. “India is Australia’s fourth largest export market, with merchandise exports growing by 65 percent from the previous year to $15.4 billion in 2008/09. But there are more opportunities for growth,” [...]
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Minister for Resources, Energy and Tourism Martin Ferguson travelled to the USA at the weekend as part of a government campaign to attract more foreign investment. His meetings in Los Angeles, Washington and New York, scheduled as part of the annual G’Day USA: Australia Week campaign, will be with senior policy-makers, investors, strategists and business [...]
...read moreThe world’s top two countries for economic growth—China and India—will be the key to global economic recovery, according to an academic expert. In an interview on the ABC’s AM program, Dr Hitendra Patel from Hult International Business School said the ‘global financial crisis’ was not as global as some first thought. “Those countries which have [...]
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