Archive for the ‘Australia’ Category

International Trade Council Anticipates Accelerated Progress on Australia-EU Free Trade Agreement

November 11, 2024

In a significant development for international trade, Australian Prime Minister Anthony Albanese expressed optimism about the prospects of finalizing a free trade agreement with the European Union this year. The negotiations, which had encountered obstacles in July, appear to be gaining momentum. The talks between Australia and the European Union, a bloc representing over […]

Australian Avocado Industry Thrives with Increased Global Trade

Agricultural Exports, Australia, News

October 29, 2024

Australia’s avocado industry has reached new milestones in production and trade, as revealed in Avocados Australia’s latest “Facts at a Glance 2023/24 Report.” Supported by Hort Innovation, the report highlights a 30% increase in total avocado production, which reached a record 150,913 tonnes in 2023/24, up from 115,385 tonnes the previous year. The industry’s gross […]

Australian Wine Exports Hit AU$2.2 Billion Amid Diverse Market Trends

Australia, International Trade, News

July 31, 2024

The International Trade Council reports that Australian wine exports have reached a significant AU$2.2 billion, reflecting both positive developments and ongoing challenges in the market. This increase is largely attributed to a resurgence in exports to mainland China, where volumes jumped from 1 million litres to 33 million litres and the value surged by AU$392 […]

Australia-Japan Grape Export Negotiations Achieve Success

Australia, International Trade, Japan, News

July 25, 2024

The International Trade Council has announced a major advancement for Australia’s table grape industry following the successful conclusion of negotiations with Japan. The Australian government has revealed that restrictions on grape varieties have been lifted, significantly enhancing export opportunities. As of last week, Australian producers can now export over 130 varieties of table grapes […]

Australian Prime Minister Albanese Retraces Historic Beijing Walk to Strengthen Trade Relations

Australia, Bilateral Trade Relation, News

November 6, 2023

In a bid to mend strained ties between Australia and China, Australian Prime Minister Anthony Albanese retraced the historic footsteps of the first Australian leader to visit China. His visit comes after several years of tensions between the two trading partners, including issues related to security concerns and the origin of COVID-19, which led to […]

Australian Prime Minister Albanese Emphasizes Dialogue and Cooperation During China Visit

Australia, News, Trade Relations

November 4, 2023

Australian Prime Minister Anthony Albanese embarked on a historic visit to China, becoming the first Australian leader to do so in seven years. During his address at the annual China International Import Expo in Shanghai, Albanese emphasized the importance of a bilateral relationship marked by dialogue and cooperation, stating that it is “in all our […]

Australian Prime Minister’s Visit to China Marks Progress in Resolving Wine and Wind Tower Disputes

Australia, International Relations, News

October 21, 2023

Australian Prime Minister Anthony Albanese has announced his upcoming visit to China from November 4 to 7, where he will meet with President Xi Jinping and Premier Li Qiang. The visit aims to restore stability to relations between Australia and its largest trading partner. This visit to Beijing and Shanghai marks a significant diplomatic […]

Australia Anticipates Wine Trade Resolution with China as Deadline Approaches

Agricultural Trade, Australia, China, News

October 16, 2023

In an address to the business community, Australian Trade Minister Don Farrell emphasized the need for businesses to diversify their customer base and reduce their dependence on a single market, particularly in light of the ongoing trade dispute with China. Australia’s pursuit of a resolution through the World Trade Organization (WTO) reflects the country’s […]

Renewal in Trade Dynamics: Australia Anticipates Resumption of Hay Exports to China Amid Gradual Easing of Trade Tensions

Australia, China, Economic Relations, News

September 28, 2023

In what is being viewed as a significant thaw in the trade relations between Australia and China, the Australian government announced on Thursday an impending resumption of its hay exports to China. This development comes after a period of considerable strain, which saw China impose restrictions on various Australian commodities following Australia’s push for an […]

Taiwan Seeks Australian Support for Inclusion in Pacific Trade Pact

Australia, News, Taiwan

September 26, 2023

During a meeting with a delegation of Australian lawmakers, Taiwan President Tsai Ing-wen called on Australia to back Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both Taiwan and China applied to join the CPTPP in 2021, but China opposes Taiwan’s inclusion, citing Taiwan as its own territory. The CPTPP, […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.