With a sliding dollar and recent free trade agreements with our three biggest Asian trading partners, cherry growers in Australia are smiling.
Australia has recently concluded trade agreements with Asia’s three biggest economies – China, Japan and Korea – and Australia’s three largest export markets.
Australian businesses are being urged to explore potential new export opportunities with Japan, as the Free Trade Agreement with Australia’s second-largest trading partner begins today.
The Victorian Government is seeking expressions of interest from Victorian food and beverage organisations interested in participating in a Trade Mission to Foodex Japan, from March 2-6 this year.
The Japanese Parliament has given the green light to a free trade agreement with Australia, paving the way for the trade pact to take effect early next year.
Australia’s trade with East Asia grew to $366.7 billion in 2013 – up 7.6 per cent on the previous year, according to new industry data.
Free Trade Agreements (FTAs) open up significant opportunities for Australian businesses and investors to expand globally.
Despite global economic uncertainties Australia’s exports are increasing, according to the latest industry data.
The volume of Australia's resources (mineral and fuels) exports grew over 10 per cent in 2013 – almost double the annual rate of the last decade – according to Department of Foreign Affairs and Trade statistics.
Japan's trade deficit surged to a record 7.6 trillion yen ($A81.04 billion) in the first half of the year as exports failed to keep pace with surging imports.