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PBEC Trade Report

PBEC Trade Report November 2023

APEC LEADERS BACK WTO: Leaders of APEC have backed a global trading system with the WTO at its core. In a Golden Gate Declaration in San Francisco they said they were committed to reform of the WTO to improve its function including having discussions to have a fully-function dispute system restored by 2024. IPEF LEADERS MEET: Leaders of the IPEF economies have welcomed the ministerial signing of a supply chain agreement. They also announced the substantial conclusion of negotiations for clean economy and fair economy agreements, launched a critical minerals dialogue and announced a ministerial IPEF Council. AUSTRALIA DELAYS RAILWAY...
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PBEC Trade Report October 2023

AUSTRALIAN FARMERS CALL FOR REVERSAL OF BAN: Australian farming groups have written to Prime Minister Albanese urging the Government to reverse its ending of live sheep exports by sea. They warned of irreversible harm to the farm sector and to Australia’s trade and diplomatic relations in the Middle East. JAPAN & EU LIST MORE PROTECTED PRODUCT NAMES: Japan and the European Union have agreed under their Japan-EU Economic Partnership Agreement to protect a further 42 Geographical Indication names. The latest addition includes Japanese and EU products and adds to an existing list of 375 different products. AUSTRALIA TO RESUME HAY...
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PBEC Trade Report July 2023

PBEC Trade Report July 2023 AUSTRALIAN INDUSTRY CALLS FOR TASMAN TRADE BOOST: The Australian Industry Group has moved to reinvigorate the Australia-NZ Closer Economic Relations Agreement saying decisions by regulators were undermining the agreement. It proposes a Task Force of political, industry and regulatory leaders. INDIA BANS RICE EXPORTS: India has banned the export of non-basmati white rice in a bid to lower prices and boost availability for domestic consumers. The ban was announced with immediate effect during the week. It follows an earlier bid last September to lower prices by imposing a 20% export tariff. SINGAPORE & EU LAUNCH...
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PBEC Trade Report June 2023

PBEC Trade Report June 2023 AUSTRALIA & EU FACING TOUGH WEEKS: Australia and the EU face tough weeks ahead as they seek to resolve contentious issues and deliver an FTA. Following talks in Brussels during the week Trade Minister Farrell told Sky News he would walk away if an FTA “in the interests of Australia” could not be reached. LEADING ECONOMIES CALL OUT COERCION: Australia, New Zealand, US, Japan, UK and Canada met in Paris during the week and issued a joint statement expressing serious concern over the use of trade-related economic coercion to pressure foreign governments and the use...
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PBEC Trade Report May 2023 – Part II

PBEC Trade Report May 2023 - Part II AUSTRALIAN MINISTER JETS TO CHINA: Trade Minister Farrell has jetted to Beijing for his long-awaited meeting with Commerce Minister Wang. They met on Friday where Minister Wang accepted an invitation from Minister Farrell to make a reciprocal visit as the two ministers seek to resolve a major trade dispute. BUT NO QUICK TRADE FIXES: While the first Joint Ministerial Economic Commission meeting since 2017 did not produce any immediate resolutions to the Australia-China trade disputes, Trade Minister Farrell said he had achieved what he travelled to China for – to find a...
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PBEC Trade Report May 2023

PBEC Trade Report May 2023 US CALLS OUT EU GI POLICY: The USTR has again called out what it describes as the EU’s aggressive promotion of its exclusionary geographical indications (GI) policies. In an IP report the US said it remained concerned with the EU’s proposed expansion of its GI system to cover non-agriculture and food products. AUSTRALIA-EU FTA TALKS: A 15th Australia-EU FTA negotiating round between was held in Brussels during the week. A large Australian contingent travelled for the talks which were aimed at progressing the fiveyear-old negotiations to a stage where chief negotiators and ministers would then...
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PBEC Trade Report March 2023

PBEC Trade Report March 2023 AUSTRALIA LOOKING FOR CHINA TRADE PROGRESS: Australian trade officials are expected to continue talks with their Chinese counterparts this week ahead of an anticipated visit by Trade Minister Farrell. He told Sky News during the week he was confident some progress would be made on outstanding issues. TRADE MINISTERS HEAD TO NEW ZEALAND: Trade Ministers from CPTPP FTA economies will head to Auckland in July for a 7th CPTPP Commission. NZ will be hosting the meeting as chair of the CPTPP in 2023. Trade Minister O’Connor said NZ businesses had already benefitted from $300m in...
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PBEC Trade Report February 2023 – Part I

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. The visit by Tai to the two ASEAN economies follows last week’s second round of the US-led Indo-Pacific Economic Framework...
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PBEC Trade Report December 2022 – Part II

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. In a leaders’ statement in Brussels, they welcomed EU FTAs with individual ASEAN economies and planned to intensify engagement in...
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PBEC Trade Report December 2022

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 2006, Bubs Australia has grown to be a leading exporter to key markets including China and the US. It won...
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