A recent Australian Bureau of Statistics (ABS) survey of the Australian exporter community shows that over 86 percent of Australian exporters are either small or medium sized enterprises (SMEs). In fact, research by Austrade and Sensis found that around 13 percent of SMEs export, using international expansion as a high-growth strategy.
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The ever-increasing anxiety about global security has led to an increase in security products worldwide. Australia’s know-how in this area is well respected, but what more can we do to increase defence and security exports?
The government’s Australian Transaction Reports and Analysis Centre (AUSTRAC) recently signed the financial intelligence units of the Czech Republic, Germany, Mexico, and St Kitts and Nevis to memoranda of understanding (MOU), allowing access to financial information for Australian law enforcement and other relevant government agencies.
The Malaysian Government has enlisted the help of the Australian Institute for Commercialisation (AIC) to provide strategic advice on a number of key innovation and collaboration policies and initiatives.
In a speech presented at the Asia Society AustralAsia Centre annual dinner, Prime Minister Kevin Rudd spoke of developing an Asia-Pacific regional community by 2020 due to the Asian region’s increasing global significance.
Australian design firm HBO+EMTB has been appointed master planner of a new biotech park in the city of Vadodara, India. At 280 hectares, it will be the largest Indian biotech park when complete.
The Department of Foreign Affairs and Trade have appointed three new ambassadors: John Richardson to the Argentine Republic (with concurrent accreditation to the Republic of Uruguay and the Republic of Paraguay), Paul Grigson to Thailand and Robert Tyson to Iraq.
The Australian Business Forum hosted its inaugural Australia-China Business Week in Melbourne in June, sold out due to the increased focus on the growing importance of trade relations between Australia and China. Among the highlights were the forum luncheon and the networking breakfast, designed specifically to focus on SME exporters.
Minister for Trade Simon Crean re-entered formal free trade agreement (FTA) negotiations with China in mid-June, the 11th round since talks began in 2005 and the first since the Rudd government came to power.
