Business in Australia

EENI- School of International Business

Subject: Doing Business in Australia. Syllabus:

  1. Introduction to Australia (Oceania)
  2. The Australian Economy
  3. The International Trade of Australia
  4. The Foreign Direct Investment (FDI) in Australia
  5. Business Opportunities in Australia:
    1. Agribusiness
    2. Manufacturing
    3. Financial services
    4. Biotechnology
  6. Case Study: Information and Communications Technology sector
  7. Doing Business in...
    1. Sydney
    2. Canberra
    3. Adelaide
    4. Brisbane
    5. Melbourne
  8. Access to the Australian Market
  9. Business Plan for Australia

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

  1. To analyse the Australian economy and foreign trade
  2. To evaluate the business opportunities in Australia
  3. To explore Australia's trade relations with the country of the student
  4. To know Australia's Free Trade Agreements (FTAs)
  5. To develop a business plan for the Australia market
The subject “Doing Business in Australia” is studied...
  1. Masters (e-learning): International Business, Pacific
  2. Doctorate in Business in Asia
  3. Course: Oceania

Course learning materials in English or Spanish Australia French Australie.

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

Master in International Business for the Australian Students

Sample of the subject - Doing Business in Australia
Australian Economy and Foreign Trade

Description of the Subject: Foreign Trade and Doing Business in Australia.

The Commonwealth of Australia (Asia-Pacific).

  1. The capital of Australia is Canberra
  2. Sydney is the city of business
  3. The other main Australian cities are Melbourne, Brisbane, Perth, and Adelaide
  4. The Six Australian states are New South Wales, Queensland, South Australia, Tasmania, Victoria, and Western Australia
  5. The Australian population is 23.6 millions of people
  6. Area: 7,692,024 square kilometres (sixth largest country in the world)
  7. Australia (almost a continent) does not share borders
  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 independence from Britain in 1901
  12. In 1975 Papua New Guinea gained independence from Australia

Australia belongs to the Economic Area of Oceania of the Western Christian Civilisation

  1. Christianity (Protestantism) is the main religion of Australia (16 millions of people, 1 million of Methodists), there are 5 million of Catholics
  2. In Australia, there are about 160,000 Maronites (Christians)

Doing Business in Australia

The Australian Economy.

Australia is the world’s 13th largest economy.

Australia: an strategic location for international business opportunities in the Asian markets (the People's Republic of China, India, and the ASEAN Markets)

  1. 20% of the Australian gross domestic product 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 GDP
  4. The United States and the United Kingdom 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. Australia has a top rank financial services sector. Australia has a very sophisticated financial sector and is one of the largest financial centres in the region
  7. Australia is well placed to capitalise the growth of China and India
  8. The currency is the Australian dollar (AUD)

Australian International Trade

The International Trade of Australia.

  1. The Australian exports: more than 20% of GDP. 176,000 million dollars
  2. Asia-Pacific: 68% of the foreign trade (products and services)
  3. The main export products of Australia: coal, iron ore, gold, meat, wool, wheat, machinery, and transport equipment
  4. The largest export markets of Australia: China, Japan, South Korea, India, the United States, and the United Kingdom
  5. The main import products from Australia: machinery and transport equipment, computers, telecommunication, crude oil
  6. The main suppliers of Australia: China, the United States (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 foreign trade of Australia of products and services
  8. The United States is one of the largest partners of Australian products, the largest trading partner and the largest source of the foreign direct investment (FDI)
  9. Japan has been the largest export market for Australia for forty years. Product exports to Japan amounted to 52,500 million dollars, more than the combined value of exports of goods to China and the United States
  10. Australia's foreign trade with China reached 83,000 million dollars. Australia exported products and services worth 44,400 million dollars to China
  11. The Bilateral trade relationship with Indonesia is stable with a total international 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 European Union (EU) remains one of the most significant investors in Australia; European investments represent about 34% of the total foreign direct investment (FDI)

Australia's market access and Free Trade Agreements (FTA):

Australia has bilateral Free Trade Agreements with New Zealand, the United States, Singapore, Thailand, and Chile, and a regional Free Trade Agreements (FTA) with the Association of Southeast Asian Nations (ASEAN) and New Zealand.

Australia is negotiating seven Free Trade Agreements and bilateral agreements with the People's Republic of China, Japan, Korea and Malaysia, and regional/multilateral Free Trade Agreements (FTA) with the Gulf Cooperation Council (GCC), the Trans-Pacific Partnership Agreement (TPP) and the New Pacific Trade and Economic Agreement (PACER Plus).

  1. Asia-Pacific Economic Cooperation (APEC)
  2. Australia-New Zealand Closer Economic Relations Trade Agreement
  3. Australia-United States (FTA)
  4. Australia-Chile (FTA)
  5. Singapore-Australia (FTA)
  6. India-Australia (FTA)
  7. ASEAN-Australia-New Zealand (FTA)
  8. Trade Agreement with the Gulf Cooperation Council (GCC) and Honduras
  9. Indian-Ocean Rim Association (IORA)
  10. Trans-Pacific Strategic Economic Partnership Agreement (TPP)

Australia in member of...

  1. Pacific Islands Forum (PIF)
  2. Oceania Customs Organisation (OCO)
  3. Forum for Asia
  4. The Economic and Social Commission for Asia and the Pacific (ESCAP)
  5. Forum for East Asia-Latin America Cooperation (FEALAC)
  6. Asia-Europe Economic Meeting (ASEM)
  7. Colombo Plan
  8. Africa-Asia Strategic Partnership
  9. Council of Pacific Economic Cooperation (PEEC)
  10. OECD anti-corruption measures
  11. United Nations (UN), the World Trade Organisation (WTO), Commonwealth, the International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD)

Samples - Business in Australia

United States-Australia Free Trade Agreement

Chile-Australia Free Trade Agreement

India-Australia Economic Cooperation Agreement

Indian-Ocean Rim Association IORA

Pacific Islands Forum (PIF)

Pacific Agreement PACER

Trans-Pacific Strategic Economic Partnership Agreement (TPP)

ASEAN-Australia-New Zealand Free Trade Agreement

Oceania Customs Organisation (OCO)

Singapore-Australia Free Trade Agreement

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