Business in Australia

The objectives of the subject “International Trade and Business in Australia” are the following:

1. To analyze the Australian Economy and Global Trade
2. To know the business opportunities in Australia
3. To explore the Australian trade relations with the country of the student
4. To know the Australian Trade Agreements
5. To develop a business plan for the Australia market

The Subject “Foreign Trade and Business in Australia” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Languages: or Australia Australie.

1. Credits of the subject “Doing Business in Australia”: 3
2. Duration: three weeks

Preferential Access and Trade Agreements of Australia

1. Australia and the Economic Area of Oceania
2. APEC
3. Indian-Ocean Rim Association
4. Pacific Islands Forum
5. Oceania Customs Organization
6. Pacific Agreement on Closer Economic Relations Plus (PACER Plus)
7. South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA)
8. Australia-New Zealand Closer Economic Relations Agreement
9. Australia-Papua New Guinea Free Trade Agreement (PATCRA)
10. Australia-U.S.
11. Australia-Chile FTA
12. Singapore-Australia FTA
13. India-Australia FTA
14. ASEAN-Australia-New Zealand FTA
15. Australia-China FTA
16. Australia-Hong Kong China FTA
17. Indonesia-Australia Comprehensive Economic Partnership Agreement
18. Peru-Australia FTA
19. South Korea-Australia FTA
20. Japan-Australia FTA
21. Malaysia-Australia FTA
22. Thailand-Australia FTA
23. Trade Agreements with the Gulf Cooperation Council (GCC) and Honduras
24. Regional Comprehensive Economic Association
25. Agreement for Trans-Pacific Partnership
26. South Asian Association for Regional Cooperation (Observer)
27. SICA (observer)

1. WTO
   1. GATS
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. BIC (Containers)
4. Chicago Convention (ICAO)
5. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
6. Customs Convention on Containers
7. TIR Convention (Road Transport, IRU)
8. International Chamber of Shipping (ICS)

1. Boao Forum for Asia
2. ESCAP
3. East Asia-Latin America Cooperation
4. Asia-Europe Meeting
5. Colombo Plan
6. Africa-Asia Strategic Partnership

Global Economic Organizations and Conventions of Australia

1. PEEC
2. Commonwealth
3. OECD
   1. OECD anti-corruption measures
4. UN
   1. UNCTAD
   2. ITC
   3. UNCITRAL
   4. WIPO
5. WB
6. WTO
7. IMF
8. ...

The Commonwealth of Australia (Asia-Pacific).

1. The capital of Australia is Canberra
2. Sydney is the main Australian city of business
3. Other Australian cities are Melbourne, Brisbane, Perth, and Adelaide
4. Australian states: New South Wales, Queensland, South Australia, Tasmania, Victoria, and Western Australia
5. Australian population: 23.6 million people
6. Area of Australia: 7,692,024 km² (the sixth largest country in the world)
7. Australia (almost a continent) does not share borders with any country
8. Indonesia, East Timor, Papua New Guinea, Solomon Islands, Vanuatu, New Caledonia, and New Zealand are the closest countries to Australia
9. Australia has no official language, although English is the language of Australians, as well as several aboriginal languages
10. Australia is a Federal Parliamentary Constitutional Monarchy; Queen Elizabeth II is the Head of State
11. Australia gained the independence from the UK in 1901
12. In 1975 Papua New Guinea gained the independence from Australia

Australia belongs to the Economic Area of Oceania (Western Civilization).

Christianity (Protestantism) is the main religion in Australia (16 million people, 1 million of Methodists), there are 5 million of Catholics.

1. 160,000 Maronites (Christians)

Australian Economy.

Australia: an strategic location for international business opportunities in the Asian markets (China, India).

1. 20% of the Australian GDP is generated from international trade
2. Services are the pillar of the Australian economy, which account for just over 60% of the economic activity
3. Foreign direct investment stock: 36% of the Australian GDP
4. The United States and the UK are the largest investors in Australia
5. The Australian economy was ranked in the top three economies in the Asia-Pacific region for its competitiveness
6. Top rank financial services sector. Australia has a very sophisticated financial sector and is one of the largest financial centers in the region
7. Australia is well placed to capitalize the economic growth of China and India
8. Currency of Australia: Australian dollar (AUD)

International Trade of Australia.

1. Australian exports: more than 20% of the Australian GDP. 176,000 million dollars
2. Asia-Pacific Markets: 68% of the foreign trade (products and services)
3. Main export products of Australia are coal, iron ore, gold, meat, wool, wheat, machinery, and transport equipment
4. Largest export markets of Australia are China, Japan, South Korea, India, the U.S., and the UK
5. Main import products from Australia are machinery and transport equipment, computers, telecommunication, crude oil
6. Main suppliers of Australia are China, the U.S. (20,050 million dollars), Japan, Thailand, and Singapore
7. The countries belonging to the Asia-Pacific Economic Cooperation - Pacific (APEC) represent 68.1% of the Australian foreign trade of products and services
8. The U.S. is one of the largest trade partners of the Australian products, and the largest foreign direct investment source
9. Japan has been the largest export market for Australia for forty years. Export products to Japan amounted to 52,500 million dollars, more than the combined value of the exports of goods to China and the U.S.
10. Australian foreign trade with China reached 83,000 million dollars. Australia exported products and services worth 44,400 million dollars to China
11. Bilateral trade relationship with Indonesia is stable with a total foreign trade of 11.5 billion dollars, making Indonesia its 13th largest trading partner
12. Singapore is the largest trading and investment partner of Australia in the ASEAN Region
13. The EU remains one of the most significant investors in Australia; the European investments represent about 34% of the total foreign direct investment

Australian Market Access and Trade Agreements

Australia has bilateral Trade Agreements with New Zealand, the U.S., Singapore, Thailand, Chile, and the ASEAN.

Australia is negotiating seven Trade Agreements and bilateral agreements with China, Japan, Korea and Malaysia, and regional/multilateral Trade Agreements with the GCC, the Trans-Pacific Partnership Agreement (CPTPP) and the New Pacific Trade and Economic Agreement (PACER Plus).

(c) EENI Global Business School (1995-2023)
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