Trends Transforming Trade

Exporting online presents exciting opportunities for Australian & New Zealand businesses thinking of expanding to new markets and the value of online sales is expected to grow to $16.2 trillion.

For small businesses and particularly for companies located in regional areas this presents a unique opportunity to enter new global markets that might never have been possible in the past.

What is RISCON?

Riscon Solutions Limited is a UK global consulting company specialising in information and knowledge management.

The intersection between trade systems and the digital economy may not be obvious but it is vitally important.

As a significant financier of trade flows in the Asia-Pacific region, efficiency in the ‘wiring’ of trade is essential to ANZ’s presence in over 20 countries in the region.

"Improvement is about eliminating the use and delivery of paper-based documentation which in turn creates greater efficiency and ensures greater security through the supply chain”

Supply chains around the world are the arteries of global commerce, enabling trade flows worth tens of trillions of dollars annually in merchandise and services trade alone.

The GTPA is pleased to partner with Opus Learning Institute, the International Trade Council, InterAnalysis and the University of Sussex to introduce a brand-new Executive Bootcamp for trade and supply chain professionals.

This exclusive programme provides the gold standard in skill and competency development for individuals and institutions in the professional practice of trade-related disciplines.

Given the current uncertainty around traditional trading partnerships for Canadian business, this programme will assist companies to look towards alternative market options and new trade corridors. It will also prepare your business to manage trade uncertainty.

CLICK HERE TO DOWNLOAD COURSE PROGRAMME         

GTPA was pleased to participate in the GTR Asia Trade & Treasury Conference in Singapore at Marina Bay Sands from the 4-7 September 2018. Over 1,000 delegates attended the conference, which is now firmly established as the largest international event in the trade, treasury and commodity finance market.

Joining the GTPA for the panel discussion to launch the upcoming new specialisation for Trade Finance and Supply Chain Finance Professionals were Mr Alexander R, Malaket, Chair, International and Technical Advisory Committee, GTPA, Mr Tristram Travers, technical Director of the GTPA and Anushka Wijesinha, Advisor to the Ministry of Development Strategies and International Trade (MODSIT) in Sri Lanka.

CEO of the GTPA and former CEO of the Export Council of Australia, Lisa McAuley says, “Increasing trade and investment is absolutely crucial to unlocking the opportunities for the 11 countries involved in the agreement. The TPP-11 is an important step forward at a time when the benefits of international trade are currently the subject of debate in various contexts.”

New modelling undertaken by economists from Brandeis International Business School and Johns Hopkins University highlighted that Australia is forecast to see $15.6 billion in net annual benefits to national income by 2030 and increases in exports of $29.9 billion as a result of the TPP-11. Consequently, the GTPA supports the bipartisan support for the ratification of the agreement.

GTPA is a new global trade ecosystem to advance and support businesses, trade organisations and professionals engaged in global trade.

GTPA is the only organisation globally to develop the international standard for certifying trade professionals. The Global Trade Professional (GTP) Programme, has been developed under ISO/IEC 17024, for the certification of professional competence in the field of global trade.

Our goal is to bring people together to build professional capabilities in trade, elevate the profile of trade, advocate the benefits and opportunities of trade, facilitate networking at a global level as well as to improve the performance and success of companies in global trade which will in turn boost the efficiency of trade processes.

My Freight Career is a Registered Training Organisation (RTO 90489) and Quality Group Training Organisation (GTO) specialising in providing quality training and trainees to the International Freight Forwarding, Customs Broking, Logistics and Aviation industries.

FRMSTAFF is an Australian owned company, specialising in recruitment services for the International Freight Forwarding, Customs Broking, Logistics, Shipping and Aviation industries.

The Chain of Responsibility legislation is designed to make sure all people are held responsible if their actions, inactions or demands contribute to a breach of road safety.

My Freight Career is a national company providing industry focused training for the Logistics and Freight Forwarding industry. Training can be provided as a subject overview or provide in depth and detailed information. They offer a wide range of courses that are ready to deliver or they can tailor a bespoke course to fit your specific needs.

The GTPA announces the upcoming launch of the global ISO 17024 specialisation for Trade Finance and Supply Chain Finance Specialists.

The business of trade financing has earned unprecedented profile and visibility over the last several years in particular, yet this fundamentally important enabler of international commerce has an urgent need to attract the next generation of energetic and committed practitioners. In this context, an ISO-aligned specialisation in trade finance and supply chain finance is an important evolution in the practice of trade financing.

I am delighted to announce on behalf of the GTPA, that David Winterton based in Australia has joined the Trade Finance and Supply Chain Finance Working Committee.

David leads a team of Trade and Supply Chain specialists who provide ANZ clients structuring advice for their short-term liquidity requirements and risk mitigation solutions to assist in their effective management of both domestic and cross-border trade flows and is particularly passionate in providing SME support on the direction of Trade Finance in a digital world.

I am delighted to announce on behalf of the GTPA, that Professor Andreas Klasen based Germany has joined the Trade Finance and Supply Chain Finance Working Committee.

Dr Andreas Klasen is full Professor of International Business at Offenburg University and Head of the Institute for Trade and Innovation (IfTI) teaching courses on international financial management, international trade law and qualitative methods. His research focuses on trade policy and export finance, innovation and economic development. He is also Visiting Professor at Northumbria University, Senior Honorary Fellow in the Global Policy Institute at Durham University, and an ICC Germany National Committee Member.

3pm to 4pm AEST - Monday, 27 August 2018

To register for this free event, please click HERE.

The Department of Home Affairs have introduced Mutual Recognition Agreements (MRAs) for Trusted Traders with foreign border administrations.

MRA benefits are extended to exporters who have obtained the Australian Trusted Trader (ATT) status who experience a "lighter touch" and faster processing times at destination ports.

The idea of facilitating secure and compliant trade underpins many international agreements such as the WTO Trade Facilitation Agreement (TFA) and WCO Safe Framework of Standards (SAFE) and is reflected in many “Authorised Economic Operator” programmes such as our own Australian Trusted Trader Programme (ATTP).

Government and its agencies also provide further assistance to those in the supply chain to take advantage of trade opportunities whether through Export Market Development Grants, other export and trade finance and education on benefits available through Free Trade Agreements (FTA).

GTPA hit the road in June for a whirlwind tour around Europe to meet with key stakeholders in Germany, Belgium, Amsterdam, Geneva and the UK. Whilst I had the great pleasure to attend the IfTI Global Symposium: “Financing. Impact. Together”, my long-time colleague, Collins Rex, participated in the WCO eCommerce Working group face-to-face meeting in Brussels as part of a 4-day gathering to determine the essential data elements for eCommerce customs clearance and agree on key eCommerce definitions.

Doing business globally and maintaining a competitive edge requires the development of new skills and knowledge.

Exporters must have access to a trusted network of skilled professionals to help their business to grow.

Surprisingly, international trade is perhaps the only recognised profession that hasn’t developed a global standard for certifying trade professionals – until now.

As Chair of the ITAC, I am delighted to announce that Dr. Alisa DiCaprio based in New York has joined the Trade Policy Working Committee.

As Chair of the ITAC, I am delighted to announce that Mr. Maninder Bhandari, based in Dubai, UAE, has joined the committee. As a former senior international banker with over 29 years' experience with HSBC, ABN Amro Bank, Emirates NBD and The Bank of New York Mellon in Asia/Pacific (Hong Kong, Singapore & India), Latin America & Caribbean/North America (Sao Paulo & Miami), Middle East & Africa (Dubai) Maninder brings in-depth domain expertise and a global perspective to the GTPA that will ensure the development of a world-class specialisation in Trade Finance & Supply Chain Finance.

Sangeeta Khorana is Professor of Economics at Bournemouth University in the United Kingdom. She has a Ph.D. from the University of St. Gallen and a summa cum laude Masters’ degree from the Berne University in Switzerland.

Prominent African and international business executives and investors to explore business opportunities at the Africa Trade and Investment Global Summit (ATIGS); a prestigious biennial conference and exhibition to be held on June 24-26, 2018 in Washington, DC, USA at the Ronald Reagan International Trade Center.

Organized by GAA Exhibitions & Conferences, the 2018 ATIGS edition will gather key economic players from more than 70 countries including government delegations, high-profile African leaders, project developers and international investors on June 24, 25 and 26, 2018 in Washington, DC. Designed to promote and facilitate international trade between Americas, Asia, Europe, United Arab Emirates and Africa, the 3-days event will provide a unique platform to gain strategic knowledge about local investment opportunities and business networking.

Xtend2 Limited is an independent multi-sector trade promotion company committed to helping organisations around the world market goods and services beyond their national boundaries.

Established in 2001 by Gerald Lawson-Tancred, Xtend2 Limited prides itself on extensive networks of contacts in a vast range of industry sectors across Europe. Their expert market knowledge combined with their links to international organisations enables them to put their clients in touch with the right people and forge long lasting key business relationships. Their clients include Government Export Agencies, Chambers of Commerce, generic Trade Associations as well as regional government trade agencies from around the world.

U.S. trade policy is roiling markets. At the end of March, the U.S. stock market tumbled 700 points in a single day on news that President Trump would impose tariffs on Chinese exports. A degree of volatility and uncertainty has continued since then as the tariffs continue to make news. Canada, China, Europe, India, and Mexico are all preparing to retaliate.

The committee will provide advice to the ITAC on the development of competency standards, quality control, ongoing professional development and the global issues for the committee’s domain specialisation. This working committee is to provide advice to GTPA on its competency standards related to Risk Analysis and Mitigation.

Welcome to the second International Freight Forwarding & Customs Broking industry snapshot released by HLB Mann Judd in conjunction with The Australian Federation of International Forwarders and The Front-Line Group.

The news that Australians will be blocked from shopping on Amazon's international websites and restricted to using its smaller local platform, so the e-commerce giant complies with new GST rules on online purchases, although not welcome, has not come as a surprise.

The International Chamber of Commerce Banking Commission recently published its authoritative flagship report on trade and trade financing. This year, the report, titled “Global Trade – Securing Future Growth” is in its tenth edition, and includes contributions from WTO Director General Roberto Azevedo, ITC Executive Director Arancha Gonzalez and numerous other influencers and luminaries in the world of trade. John Denton, Secretary General of the ICC and Honorary GTP introduces the report with a Foreword, highlighting the central role of financing in enabling trade. As Denton observes, “ Reliable and cost-effective financing is integral to the global trading system, helping companies to mitigate the risks and costs involved in the international flow of goods. This role makes the trade finance industry particularly sensitive to the politics of world trade…”

Australian exporters must embrace new digital technology or risk being left behind, a world trade expert has warned.

Ms Lisa McAuley, Executive Director of Global Trade Professionals Alliance (GTPA) said exporters – particularly SMEs – are being “bogged down” by paperwork, bureaucratic red tape and arcane trade restrictions.

This can result in frustrating delays, which can be very costly.

15-19 July 2018

Following on the heels of the Prime Minister’s very successful and well-received delegation of senior Australian business and government leaders in February, AmCham Australia is pleased to offer your business the opportunity to send a representative on the AmCham Washington Doorknock 2018.