Trade Policy Recommendations 2014/15

Investing in trade is investing to grow

Increasing international competition means that promising and promoting trade and investment in Australia is not optional, it is imperative.

The purpose of the Export Council's 2014/15 Trade Policy Recommendations is three-fold:
  • to emphasise the need for a stronger, more competitive economy that enables growth, for which trade and investment are crucial.
  • to demonstrate where and how policy makers can leverage the G20 summit in Brisbane in November 2014 and implement the recommendations.
  • to highlight the policy settings needed to improve efficiencies and promote trade and investment in Australia.

This document builds on the recommendations outlined in the Export Council of Australia’s 2013 Trade Policy Recommendations (see bottom of the page), as well as address issues critical to the G20 Summit, including those raised by the B20 Trade Taskforce. The recommendations are intended to benefit Australian importers and exporters of all sizes and across all industry sectors, with a particular focus on the SME sector. The following six issues will form the core of this paper:

  • Improving competitiveness through regulatory reform and trade facilitation: Unnecessary regulation needs to be cut so we can improve the movement of goods across borders.
  • Building infrastructure and supply chain efficiencies: Australia’s infrastructure must keep pace with growing demand.
  • Enhancing Investment: Investment is critical to Australia’s growth and we face tough competition.
  • Supporting Innovation: Innovation is the way of the future for advanced economies. We need to lift our game.
  • Advancing Trade Development: Australia needs to be stepping on the accelerator, not the brake, in terms of investment in trade.
  • Leveraging Free Trade Agreements: We have them, now we need to work on utilising them.

To view the 2014/15 Trade Policy Recommendations, please click here.

TO View the Media Release, please click here.

2013/14 Trade Policy Recommendations

Does your job depend on trade? Every chance it does...

Export Council of Australia push for trade policy that will create new jobs, foster innovation and ensure long term prosperity for Australia

The Export Council of Australia has compiled their Trade Policy Recommendations for Government for 2013/14. These recommendations highlight the importance of trade to the Australian economy and the dire need for Government to address the impediments to trade which are hindering Australian business’ ability to compete internationally.

The purpose of the statement is to demonstrate that trade is a key driver of jobs, innovation and long term prosperity for Australia and, therefore, trade considerations need to be central in determining Australia’s domestic economic policy settings. The document demonstrates the need for the Government to review its Trade Policy direction in order to reduce the potential for market failure. The following five key issues form the core of this paper:

Competitiveness:  The need for Australia to reduce inefficiencies and red and green tape to help businesses compete in a rapidly evolving global market place. Being competitive is a must, not an option

Infrastructure: The need to address Australia’s ageing infrastructure.  It’s time for an innovative approach.

Trade Promotion: The need for significantly greater investment in trade promotion The more we put in, the more we get out

Bipartisan Collaboration: The need for both sides of politics and government agencies to focus on long term sustainable strategies, as well as encouraging greater collaboration between government and industry.  Team Australia is the only way!

International Engagement: Maintaining Australia’s support for the WTO, strengthening existing bi-lateral trade agreements and concluding bi-lateral arrangements currently under negotiation If New Zealand can do it why can’t we?

“Australia is a country of 23 million, which is a drop in the ocean when you consider that the world population now stands at over 7 billion people. The opportunities for Australian business have never been more apparent but the competition in the international market place has never been fiercer,” said Ian Murray AM, Executive Chairman of the Export Council of Australia.

The backbone of the ECA’s recommendations is the imperative that trade considerations be central to Australia’s economic policy settings.

“Too often trade is positioned as being shaped only by external influences such as Free Trade Agreements (FTAs) and the World Trade Organisation,” said Mr Murray. “The truth of the matter is that international competitiveness begins at home, right here in Australia.”

“What we, the Export Council of Australia, are trying to get across to Government and to the people of Australia, is that Trade is a domestic economic issue and one that cannot be ignored because it creates jobs, promotes innovation and generates long term prosperity,” said Mr Murray.

Australia’s competitors, including Canada, the USA, New Zealand and the UK, are continually being ranked ahead of Australia in terms of competitiveness. 

Trade policy impacts on all industry sectors and changes to regulation and infrastructure, in particular, will lower the cost of doing business, opening doors to more opportunities at home and abroad.

To access the ECA’s Trade Policy Recommendations, please click here.

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