Home World Market Advancing regional trade and investment opportunities

Advancing regional trade and investment opportunities

- Advertisement -

Following the recording of record export and trade data for Australia last week, Minister for Trade, Tourism and Investment Simon Birmingham will represent Australia at ASEAN-related trade negotiations in Bangkok today and tomorrow.

Minister Birmingham said the talks on the Regional Comprehensive Economic Partnership (RCEP) and the ASEAN Economic Ministers-Closer Economic Relations consultations were an opportunity to continue to advance Australia’s ambitious trade agenda.

- Advertisement -

“At a time of increasing global trade tensions, Australia is determined to work with our partners in the Indo-Pacific region to strengthen our trade relationships and provide new export opportunities Australian businesses,” Minister Birmingham said.

“Australia’s export performance is riding high at present but in a competitive world we must continually seek out the next opportunities, which is what I’ll be doing for our farmers and businesses during these negotiations in Bangkok.

“With negotiations to conclude RCEP entering the final phase, we have a real opportunity to move towards a deal that will build new trade and investment links across our region.

“RCEP has the potential to simplify the regional trade and investment environment, better integrate Australian businesses into regional supply chains and improve market access for Australian exporters.

“It will also further strengthen Australia’s relationship with ASEAN at a crucial point in ASEAN’s economic development, whilst at the same time bringing India and China further into our regional trade architecture.”

“Reflecting our Government’s commitment to trade outcomes that grow exports and create more jobs, trade agreements such as RCEP, are a vital part of our plan to ensure that around 90 per cent of Australia’s trade is covered by free trade agreements by 2022.”

SOURCE: Trademinister

 

FOLLOW US ON TWITTER SUBSCRIBE TO OUR YOUTUBE CHANNEL
alltechng
Technology is making life more meaningful, improves productivity... We are tech lovers...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Minister assures federal universities of stable power supply

FROM: Pulse The Minister of Power, Alhaji Sale Mamman, has assured that the present administration was determined to ensure that all the federal universities enjoy...

Saudi stock exchange slumps after oil facility attacks

FROM: PUNCH Saudi shares slumped at the start of trading Sunday, the first session after drone attacks on two major oil facilities knocked out more...

Reactions to attack on Saudi oil facilities

Yemen’s Iran-aligned Houthi group on Saturday attacked two plants at the heart of Saudi Arabia’s oil industry in a strike that could impact about...

Bishop Kukah disowns Facebook account, vows to tract perpetrators

FROM: Sun News The Catholic Bishop of Sokoto, Most Reverend, Matthew Hassan Kukah, has disowned Facebook account opened and operating on his name by some...

T. Boone Pickens Saw How Fast Energy Markets Could Change

FROM: Bnnbloomberg T. Boone Pickens, the legendary American oil entrepreneur who died this week at 91, was known for his aggressive corporate plays in the 1980s...