Australia exports more agricultural products than we import, with around 70% of our total agricultural production sent overseas. China remains Australia’s largest single export market, worth approximately $17 billion in 2022-23. The market share of other Asian markets continued to expand, particularly in the fast-growing ASEAN economies. The Department of Agriculture Fisheries and Forestry (DAFF) […]
For the benefit of those who missed the release by Department of Agriculture Fisheries and Forestry (DAFF) over the Christmas break, they have posted on LinkedIn today about exports to Thailand – and wine in particular. The post advises: “Did you know that over the past three years, the value of Australia’s wine exports to […]
If you have cargo to be imported or exported through Townsville this week, you should anticipate disruptions and delays. Both the port and airport are expected to be impacted by Cyclone Kirrily, which is forecast to be on a direct course for the city bringing dangerous winds, possible flooding and life threatening conditions. The Bureau […]
While there has been focus on the number of shipping containers being caught up on the other side of the world due to the crisis around the Red Sea and Suez Canal, the situation is certainly not helping the ongoing shortage of wooden pallets. Other geopolitical tensions such as the war in Ukraine and disputes […]
The day began today with stevedore workers at DP World’s (DPW’s) Melbourne and Sydney container terminals refusing to work the morning shifts. This is the reaction of the Maritime Union of Australia (MUA) to DPW’s stated position that they would no longer tolerate partial work bans from today. Now, work has all but stopped at […]
Attacks on commercial cargo ships by the Houthi rebels around the Red Sea, as well as the return of piracy off the coast of Somalia, are causing concern for traders everywhere, especially with Chinese New Year holidays only weeks away. There is no clear leadership or agreement on how to tackle the crisis. Australian traders […]
News from both Patrick and DP World this week has been all about delays and price increases. Additionally, Brisbane container terminals are recovering from the impact of the Christmas / New Year storms. Patrick Terminal Brisbane was able to recover some fallen containers last week within a 24-to-48-hour period and were operational again from 2200 […]
The Economic Cooperation and Trade Agreement (ECTA) between Australia and India has now been in force for a year. Negotiations have resumed for the more ambitious Comprehensive Economic Cooperation Agreement (CECA), which will build upon ECTA outcomes to capitalise on the potential for closer economic ties between Australia and India. From 01 January 2024, Australian […]
In November, the government released a very important document for Australia’s maritime security. The final report of the Strategic Fleet taskforce was handed to government in June, with a public version along with the government response now online. The taskforce was established as part of a Labor election commitment, with the mission of advising government […]
Following the final negotiating round for the year on 20 December 2023, at the World Trade Organization (WTO) in Geneva, Members of the ‘WTO Joint Statement Initiative on Electronic Commerce’ (JSI) have reached substantial conclusions on a number of global digital trade rules. Digital trade is not just about buying and selling goods and services […]
