This week the Australian Border Force (ABF) has issued notices confirming changes that will come into effect from 01 January 2023. The first of these is Australian Customs Notice No. 2022/53 titled ‘Customs Tariff Changes 1 January 2023;’ the second is No. 2022/52, ‘Australia-India Economic Cooperation and Trade Agreement – Entry into Force.’ Peru-Australia Free […]
At this time last year we brought you the Australian Competition and Consumer Commission (ACCC)’s annual Container Stevedoring Monitoring Report in which they warned Australia’s freight system was “in crisis.” This week, the ACCC released their Container Stevedoring Monitoring Report 2021-22 which reveals Container terminal companies’ profit margins have soared since the start of the […]
The Australian Border Force (ABF) has issued Australian Customs Notice No. 2022/51, Titled ‘Customs Regional Comprehensive Economic Partnership Agreement —Entry into Force for Indonesia) Notice 2022.’ It announces that the agreement, known as RCEP, will enter into force for Indonesia on 02 January 2023. The RCEP has already entered into force for Australia – as […]
Last week we reported that the Department of Agriculture, Fisheries and Forestry (DAFF) had announced the recalibration of several import commodities. They have now issued Import Industry Advice Notice (IAN) 258-2022, to advise that they have incorporated seven new commodities onto their Compliance-Based Intervention Scheme (CBIS) – which will reward compliant importers. The latest IAN […]
Organised crime syndicates have been losing their drug imports to Australian Customs seizure more than ever before this year – despite using increasingly sophisticated concealment methods inside shipments of commercial goods. What follows is the content of a joint media release between the ABF and AFP dated 12/12/2022. Between 01 January and 18 November 2022, […]
This week the Minister for Trade, Don Farrell, is headed for Europe where he will visit Paris, Brussels, and Berlin to advocate for the conclusion of important negotiations for an ambitious and comprehensive Australia-European Union (EU) trade agreement. His visit will also signal the Australian Government’s support to our partners in Europe as they face […]
Australia is about to play host to negotiators from 14 countries involved in the Indo-Pacific Economic Framework (IPEF) negotiating round in Brisbane from 10 to 15 December 2022. Together, IPEF members represent over 40% of global GDP and, for Australia, eight of Australia’s top ten trading partners. They include the United States, Australia, Brunei, Fiji, India, […]
The Department of Agriculture, Fisheries and Forestry (DAFF) has issued Import Industry Advice Notice (IAN) 255-2022 to announce the recalibration of several import commodities. This is part of the work of the Cargo Service Delivery Rapid Response Team which we reported on in September. The intention of DAFF’s reforms is to maintain the level of Australia’s biosecurity and facilitate legitimate […]
The Port of Brisbane Pty Ltd (PBPL) provides critical export and import links to world markets. On average, it handles approximately $55 billion in international trade annually. This year PBPL commissioned Deloitte Access Economics (DAE) to quantify the economic contribution of Port of Brisbane and its supply chain to the Queensland economy. The DAE report […]
The World Customs Organization (WCO) was first established in 1952 as the Customs Co-operation Council (CCC) and is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations. Today, the WCO represents 183 Customs administrations across the globe that collectively process approximately 98% of world trade. On 24 November 2022, […]
