PBEC Trade Report February 2023 – Part I AUSTRALIAN TRADE MINISTER TO VISIT CHINA: Trade Minister Farrell will visit Beijing soon in a bid to improve trade relations between the two economies. It follows a virtual meeting between Minister Farrell and Commerce Minister Wang. It was the first meeting of the respective trade ministers since 2019. USTR VISITS VIETNAM & MALAYSIA: US Trade Representative Tai – the Biden Administration’s top trade official – is visiting Vietnam and Malaysia this week….
PBEC Trade Report
Issue: 028: December 2022 PBEC Trade Report December 2022 – Part II INDO-PACIFIC & OTTAWA GROUP COMPLETE MEETINGS: Negotiators from the 14 Indo-Pacific Economic Framework economies have completed their first negotiating round in Australia. The talks were attended by 450 officials. Meanwhile the Ottawa Group has met virtually to plan its 2023 agenda for WTO reform. ASEAN & EU KEEP FTA ON HORIZON: ASEAN and the EU have kept the prospect of an FTA between them as a long-term objective….
Issue: 027: December 2022 PBEC Trade Report December 2022 WTO LEADER VISITS AUSTRALIA & NZ: WTO director-general Ngozi Okonjo-Iweala visited Australia and NZ during the week where she held a series of ministerial meetings. Delivering the Lowy Lecture in Sydney she said the recent WTO MC12 had shown it can work across geopolitical differences and deliver results. AUSTRALIA NAMES EXPORTER OF YEAR: Infant formula manufacturer Bubs Australia has been named as the 2022 Australian Exporter of the Year. Founded in…
Issue: 026: November 2022, Part I PBEC Trade Report November 2022 APEC TO BEGIN KEY MEETINGS: A series of key meetings begin in Bangkok on Sunday with the APEC Business Advisory Council. It will he followed by meetings of government officials, business chief executives and ministers before Thailand’s APEC 2022 culminates with the APEC Leaders’ Summit on November 18-19. CAMBODIA HOSTS RCEP FORUM: Cambodia has hosted a high-level RCEP FTA Forum in Phnom Penh to mark RCEP’s ten-year journey. Indonesian…
Issue: 025: October 2022 PBEC Trade Report October 2022 INDIA POSTPONES TRADE POLICY: India has postponed a new foreign trade policy and extended its current policy for a further six months. The Ministry of Commerce said the volatile global economic and geopolitical situation meant further consultations were required. A new policy was to be announced on September 30. AUSTRALIAN MINISTER INSISTS ON GREATER FARM ACCESS: Trade Minister Farrell is confident Australia can conclude an FTA with the EU in “good…
Issue: 024: September 2022 PBEC Trade Report September 2022 INDIA READIES NEW FOREIGN TRADE POLICY: India is finalizing a new foreign trade policy. Commerce Secretary Subrahmanyam was reported by The Hindu that the new policy would be unveiled on September 30. It would be part of a package to boost exports. An FTA with the UK could also be finalised soon. NEW ZEALAND TO REVIEW DAIRY QUOTAS: New Zealand is to review its dairy quota allocation system in ab id…
Issue: 023: July 2022 – Part II TRADE OFFICIALS MEET IN SINGAPORE: Trade officials from the US-led Indo-Pacific Economic Framework have met in Singapore. They canvassed a range of topics including trade in a connected economy, supply chain resilience, decarbonization and anti-corruption. A 14-economy ministerial meeting is expected soon. CHINA & SOUTH KOREA PURSUE SERVICES AGREEMENT: China and South Korea held chief delegate-level talks during the week to further pursue the inclusion of services and investment topics within their bilateral…
Issue: 022: July 2022 ANZAC EYES ON FRANCE: Australia and NZ face new political dynamics in France as they pursue FTAs with the EU after the success of protectionist parties in last week’s parliamentary elections. Prime Ministers Albanese and Ardern are meeting President Macron and EU President von der Leyen respectively this week. WTO REPORTS BOOST IN SERVICES TRADE: The WTO has reported a continued recovery in global services trade despite the Ukraine conflict. Its latest index reading of 105.5…
Issue: 021: June 2022 AUSTRALIAN MINISTER JETS TO INDONESIA: Trade Minister Farrell made his first overseas trip this week when he joined Prime Minister Albanese in Jakarta. Prior to the three-day visit, Senator Farrell said the new government would deliver on the economic expansion promised in the Indonesia-Australia FTA. TRADE MINISTERS HEAD FOR GENEVA: Trade Ministers will be in Geneva this week for a 12th WTO Ministerial Conference. The conference, usually held every two years, was last held in Buenos…
Issue: 020: May 2022 APEC TRADE WALK-OUTS: Five economies – Australia, Canada, Japan, NZ and the US – briefly walked out of the APEC Trade Ministers meeting in Bangkok while a Russian delegate spoke. Russia later retaliated when the US spoke. The meeting could not agree on a communique, but a chairman’s statement was later issued. RUSSIA UNDER FIRE IN BANGKOK: A statement by seven economies at the APEC Trade Ministers meeting condemned Russia’s invasion of Ukraine. While acknowledging unwavering…