Media Releases

The world’s largest international trade finance gathering

2019-07-26T00:00:00

GTR Asia 2019 (formerly known as Asia Trade & Treasury Week) will return to Singapore September 3-4, 2019. Recognised as the world’s largest international gathering for the trade, commodity, fintech and treasury community, GTR’s annual event in Singapore last year welcomed a record-breaking total of over 1,100 industry participants from local and international banks to multinational corporations and SMEs, independent financiers, commodity brokers and traders, insurers and risk managers, lawyers, consultants, ECAs and multilaterals and more!

2019’s event is set to be even bigger and better! Participants will have the chance to hear over 100 of the world’s leading trade, treasury and fintech experts reflecting on developments in the Asian market and more globally, whilst also having the chance to network and discuss trade priorities with over 500 different companies.

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International trade standards and why they are important for MSMEs

2019-06-27T00:00:00

Opinion of: Lisa McAuley, CEO of the Global Trade Professionals Alliance (GTPA)

Standards are the key to consistency in business. They set out the processes, procedures and frameworks to ensure that products, services, processes and people meet a qualified set of expectations. Standards streamline and systematise complexity to provide a level of trust in the best means to achieving an outcome, a capability, a competency or an output.

Standards do far more than just help you comply with the relevant rules and regulations. They play a crucial role in facilitating international trade, supporting businesses into export markets by lowering barriers to trade.

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eCommerce Tool: Powering MSMEs to grow internationally via online channels

2019-06-27T00:00:00

GTPA announce the development of a new tool to empower MSMEs to engage in online ecommerce

“Today’s MSME is tomorrow’s Microsoft or Alibaba! Every MSME, irrespective of their location or their industry sector needs to be recognised, valued and fostered so that their true potential to achieve greatness can be realised.”- Collins Rex, Asia/Africa Director- GTPA

Exporting online presents exciting opportunities for businesses thinking of expanding into new markets. Online sales are the world’s fasting growing retail channel, globally valued at USD 16.2 trillion.

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Op-ed - Trade wars and global supply chains

2019-06-04T00:00:00

The United States is the top destination market for Chinese merchandise exports. Soon virtually all Chinese goods imported into the US will be subject to tariffs, with profound knock-on effects for both businesses and consumers.

Escalating trade friction between the US and China is impacting farmers, consumers and businesses large and small. Billions of dollars of Chinese goods now face 25 per cent tariffs when entering the United States.

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A fresh opportunity to diversify Australia’s trade

2019-05-28T00:00:00

Australia delivered a fresh mandate to incumbent Prime Minster Scott Morrison in the country’s recent federal election. Turned off by the opposition’s high-tax high-spend agenda, voters elected for the Prime Minister’s more practical approach to economic management.

Moderate economic reform should be enough to keep Australia’s economy humming along, though from a trade point of view it is an economy that is still heavily reliant on the export of a few commodities to a few markets.

Uncertainty in the global trading environment, escalating trade tensions, stagnating investment and a looming recession risk combine to make this an opportune time to examine Australia’s trade outlook and explore ways to diversify.

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1st International Pan-African Conference on the CHALLENGES OF GROWTH AND SUSTAINABLE DEVELOPMENT IN AFRICA

2019-05-08T00:00:00

For many years, the development challenge has been a rich world of one billion people facing a poor world of five billion people. The real development challenge is that there is a group of countries at the bottom that are falling behind and often falling apart. This has been described by Paul Collier (2007) as The Bottom Billion. Unfortunately, most of the Bottom Billion countries are located in Africa. For example, Nigeria, a country in Africa, has been dubbed the current “world capital of poverty”.

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Coriolis and the Global Trade Professionals Alliance announce partnership to develop world’s first digital trade database

2019-04-30T00:00:00

Coriolis Technologies, the world’s leading source of data and analytics as a service for trade professionals, has today announced a partnership with the Global Trade Professionals Alliance (GTPA), to develop the world’s first digital trade database.

The database will provide more timely and relevant information on global trade flows, allowing users to better understand how global trade is changing as digital technologies and services become more important aspects of supply chains.

The database will be used by banks, governments and the investment community, allowing them to make robust and more informed business decisions with unparalleled insight into the global flows of goods, services and strategic trade.

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A win for the Australian wine industry

2019-04-10T00:00:00

The Liberal-National Government has today reached an agreement with Canada to remove unfair restrictions on Australian wine sales in the province of British Columbia.

Minister for Trade, Tourism and Investment Simon Birmingham said the Canadian Government had agreed to eliminate discriminatory measures that limit opportunities for Australian wine sales in British Columbia, by 1 November of this year.

“The removal of this discriminatory trade barrier will allow our wine exporters to access retail shelves and compete on a level playing field with Canadian wine in the province of British Colombia,” Minister Birmingham said.

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Helping more Australian businesses export to the world

2019-03-29T00:00:00

The Liberal-National Government is backing Australian small and medium exporters through a $60 million boost to the export market development grants (EMDG) scheme to help them export more of their products and services to new markets around the world.

Minister for Trade, Tourism and Investment Simon Birmingham said the funding boost for the Export Market Development Grant (EMDG) scheme demonstrated the Government’s strong support for Australian businesses with export ambitions.

“We recognise the enormous contribution our exporters make to the economy, to creating more jobs and that’s why we’re backing them through this scheme,” Minister Birmingham said.

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New educational tool to educate students about Australia’s trading history

2019-03-14T00:00:00

The Liberal-National Government has launched a new educational tool to teach school students about the role and significance trade plays in driving Australia’s economy and building strong relationships with our regional trading partners.

Minister for Trade, Tourism and Investment Simon Birmingham said the Australia’s Trade Through Time website will be a vital tool for students and the Australian public to explore and understand the significant events that have shaped our nation’s trading history.

“It was great to launch this website as part of a Asia Education Foundation Australia-ASEAN Youth Forum at Glenunga International High School, where students are learning to navigate the often complex trade issues in the ASEAN region.

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Australia to help boost digital trade in the Indo-Pacific

2019-03-13T00:00:00

The Morrison Government has today launched a new $4.5 million program to help developing countries in the Indo-Pacific maximise the benefits of digital trade.

Minister for Trade, Tourism and Investment Simon Birmingham said the ‘E-commerce Aid for Trade Fund’ would have a major focus on building e-commerce capacity and capability across the Indo-Pacific, including within the ASEAN region.

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International Women’s Day is fast approaching! To celebrate, GTPA wants to shine a light on the women who rock international trade

2019-02-05T00:00:00

In advance of International Women’s Day on the 8th March, the GTPA is pleased to launch today a new campaign to shine a light on the women who rock international trade.

SMEs are the backbone of most economies and women business owners are also crucial to economic growth.

According to research by consultancy, McKinsey, advancing women’s equality could add $28 trillion to global GDP by 2025 – equivalent to adding a new United States and China. There is a need to do more to support and drive greater engagement by women as business leaders and encourage their participation in global markets.

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Australia leads the move to negotiations on digital trade rules

2019-01-28T00:00:00

Australian efforts have ignited negotiations with 75 other members of the World Trade Organization (WTO), representing over 90 per cent of global trade, on the development of new international rules in digital trade.

Minister for Trade, Tourism and Investment Simon Birmingham said establishing new international rules for digital trade would help keep markets open, reduce barriers and make it easier for Australian businesses to grow into new markets and operate across borders.

“Digital trade is an increasingly important way for Australia to do business with the rest of the world,” Minister Birmingham said.

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Open, transparent and rules-based international trade for eCommerce and Digital Services are critical to economic prosperity

2019-01-28T00:00:00

“The GTPA congratulations the 76 WTO members committed to establishing eCommerce rules. The rapid pace and scale of technological change and global flows of information, among other forces, are disrupting labour markets and fundamentally altering the future of work. While these shifts may create economic growth, new jobs and flexible work, they may also lead to the automation and consequent disappearance of routine, manual roles,” said Lisa McAuley, CEO of the Global Trade Professionals Alliance (GTPA).

Technological advancements, despite the disruption, also create opportunities for expansion into global markets for sectors of the population excluded from more traditional trade mechanisms. The ability to seize these opportunities and manage potential obstacles, however, is not evenly distributed.

 

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New Year brings good news for Australian exporters

2019-01-03T00:00:00

Australian farmers and businesses will continue to reap the benefits of Australia’s free trade agreements with further tariff cuts set to boost Australia’s competitive advantage in two of our major export markets.

Minister for Trade, Tourism and Investment Simon Birmingham said the latest round of tariff cuts on 1 January under our trade agreements with China and Korea would build on the substantial economic benefits these two major agreements had already delivered for Australian exporters.

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TPP-11 kicks-off, delivering benefits for Aussie farmers and businesses

2018-12-30T00:00:00

Australian farmers, businesses and investors will now benefit from new trade and investment opportunities with the Trans- Pacific Partnership (TPP-11) Agreement starting today.

From today, Australian exporters will get immediate tariff reductions and better access in new markets across the Americas and Asia, with further tariff reductions also set to take place on 1 January 2019.

It is one of the most comprehensive and ambitious trade agreements ever concluded and will eliminate more than 98 per cent of tariffs in a trade zone worth $13.8 trillion in GDP and a market of around 500 million consumers.

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Taking action on trade barriers

2018-12-08T00:00:00

The Liberal-National Government has today launched a new Action Plan to help Australian farmers and businesses tackle trade barriers, helping them get their goods into overseas markets faster, with greater ease and at a lower cost.

Minister for Trade, Tourism and Investment Simon Birmingham said Australia’s free trade agreements had opened up new market access for Australian exporters, but they were still being hampered by non-tariff barriers such as excessive regulation and red tape.

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GTPA partners with the EIF Programme Programme as part of Africa eCommerce Week

2018-12-04T00:00:00

The GTPA is delighted to partner with the EIF Programme on a session focussed on building skills for the digital economy through education, interaction & advocacy as part of Africa eCommerce Week.

The Africa eCommerce Week will be jointly organized with the African Union and the European Union. The event is hosted by the Government of Kenya and implemented in collaboration with partners of the ‘eTrade for All’ initiative.

GTPA Director for Africa, Ms Collins Rex said “The rapid pace and scale of technological change and global flows of information, among other forces, are disrupting labour markets and fundamentally altering the future of work. While these shifts may create economic growth, new jobs and flexible work, they may also lead to the automation and consequent disappearance of routine, manual roles.”

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GTPA is pleased to announce our engagement in the Global Trade Dialogue and the UN/CEFACT

2018-12-03T00:00:00

Roberto Azevedo, Director General of the World Trade Organization (WTO) and John W.H. Denton AO, Secretary General of the International Chamber of Commerce launched the Global Dialogue on Trade at the World Bank and International Monetary Fund annual meetings in Bali, Indonesia on 10 October 2018.

Thoughtful, fact-based and informed dialogue on trade is fundamental to assuring a robust and more inclusive model for trade around the world, as well as to demonstrably contributing to peace and security through engagement and mutual prosperity. Leadership today requires vision and courage, and the integrity to do more than pander to narrow interests and narrow views of the world.

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WTO launches new iLibrary platform

2018-09-24T00:00:00

The WTO has launched today (12 September) the WTO iLibrary (www.wto-ilibrary.org), a new dynamic research tool that brings together, for the first time, into one self-contained area all the WTO's key research material on global trade. WTO iLibrary has been developed in cooperation with the Organisation for Economic Cooperation and Development.

WTO iLibrary contains over 400 titles published by the WTO or co-published with other international organizations, comprising almost 4,000 chapters. It also contains over 30 titles co-published with Cambridge University Press, comprising over 500 chapters, over 200 WTO working papers and comprehensive statistical data on world trade. In addition, it contains every dispute settlement report issued since the WTO was established.

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