Two weeks ago the PM Mr Albanese launched the government’s South-East Asian Economic Strategy during a speech at the ASEAN summit (see our article HERE). The strategy was developed by Nicholas Moore AO, who is Special Envoy for Southeast Asia. During his interview on the ABC’s ‘7.30’ program on Monday he explained that in his […]
News
Notice of China’s Golden Week Holidays
The Chinese Golden Week holiday is approaching. It starts with the Mid-Autumn Festival on Friday 29th September, followed by the National Day holidays that will see office closures during the first week of October, i.e. Monday 02 to Saturday 07 October 2023. Colless Young’s agents in China have asked that clients help them pre-plan any […]
Customs Update on Voluntary Disclosures
The Australian Border Force (ABF) has provisions in place for importers or their customs broker to make Voluntary Disclosure when they discover they have made an error in their import entries. They have a Voluntary Disclosure (VDI) team who can apply protection from prosecution or penalties, relating to false or misleading statements, which is available […]
Less Containers Being Lost at Sea
The World Shipping Council (WSC)’s annual report for 2023 on containers lost at sea revealed a positive trend in container safety. The WSC Containers Lost at Sea Report – 2023 Update shows that last year (2022), ‘only’ 661 containers were lost overboard. They have been issuing these reports since 2008 and during that 15-year period, […]
Blank Sailings Asia to Australia
Importers and exporters need to be aware that in recent months, container shipping lines have been implementing robust ‘capacity management’ controls to prevent what they call ‘rate erosion,’ as supply continues to outpace demand. This has led to space shortages due to the continued cancellation of voyages – also known as ‘blank sailings’ – which […]
China Meeting to Improve Trade Relations
Mr. Anthony Albanese has confirmed he is set to become the first Australian PM to visit China in seven years, after meeting with Chinese Premier Li Qiang on Thursday on the sidelines of the East Asia summit in Jakarta. He will travel to Beijing to meet the Chinese president, Xi Jinping, later this year. He […]
Deepening Our Trade Ties at ASEAN
Australian Prime Minister Anthony Albanese has used a speech to the ASEAN summit this morning (06 September 2023) to release the government’s South-East Asian Economic Strategy, a blueprint aimed at driving trade and investment north into the region. Our trade with some ASEAN countries has stalled in recent years, despite the regional economy booming over […]
Massive Canal a Boon for Shipping
China kicked off construction of the 135km-long Pinglu Canal in the Guangxi Zhuang autonomous region in August. When completed, the canal will shorten the shipping distance from inland river systems to the sea by 560 km, versus going through Guangzhou. By creating a convenient and economical gateway close to Southeast Asia, the waterway also promises […]
Guides to New UK Trade Opportunities
The Department of Foreign Affairs and Trade (DFAT) and the Department of Agriculture, Fisheries and Forestry (DAFF) have both issued advice notices this week outlining the new trade opportunities available to Australian exporters under the Australia-United Kingdom Free Trade Agreement (A-UKFTA). Some of the barriers are being phased out gradually over a number of years. […]
Grants for Singapore Green Agreement
The Department of Foreign Affairs and Trade (DFAT) has advised that Australian small and medium-sized enterprises (SME) are eligible to apply for grants under the Singapore-Australia Go-Green Co-Innovation Program (GGCIP). A virtual information session on the program will be held on 07 September 2023. This session will focus on the application process for Australian applicants, […]