The Australian Government recently launched its trade strategy for South-East Asia. This strategy highlights both the fact that Australia’s current trade and investment in this region is underdone and that there are significant prospects for Australian businesses to expand in these markets. The current level of...
With increasing restrictions due to a lack of dollars in Argentina's Central Bank Reserve, the Government had initiated implementation of SIRASE (Com A7771), which is a specific authorisation for the payments of services abroad for foreign trade services such as freight, storage and other services. However,...
Join Rachael Budd for this one-hour Fireside Chat with Transolve Global to explore the current logistics trends and challenges faced by businesses across the globe. Key trends impacting global logistics: How to prepare and optimise your supply chain for the peak season ahead. When: Wednesday 13...
According to the International Air Transport Association (IATA) June saw the smallest year on year contraction in global air cargo markets since February 2022, with a 3.4% decrease in global demand compared to the same time last year. As at June 2023, demand has decreased 8.1%...
Wine Victoria has announced a plan to implement a $2.2 million USA Market Development Strategy that aims to increase the sales of premium Victorian wine across the United States of America. This plan will deliver several programs over the coming years that amplify the presence of...
There's been substantial commentary around the lack of a perceived peak season in 2023 however given the rapidly changing situation across the ocean's trade routes, how accurate does this claim continue to be? Whilst traditionally the premise of a peak season is based on the volume...
Since 1 June 2023, Victoria International Container Terminal (VICT) at Webb Dock, Melbourne has been applying a VGM Weight Discrepancy Fee for full import and export containers determined to have a variance over or under one tonne from the container's Verified Gross Mass (VGM) declared...
With the recent announcement that China has officially ended tariffs on Australian barley, the Australian Government has confirmed they will aim to replicate the effort on remaining sanctions against wine. Agriculture Minister Murray Watt hailed the end of Chinese tariffs on Australian barley and said the...
According to Wine Australia’s latest Export Report, the 12-month period to June 2023 has seen Australian wine exports decline by 10 per cent in value to $1.87 billion and 1 per cent in volume to 621 million litres, with the drop largely driven by decreased...
Australia's new free trade agreement with India has seen Australian wine exporters gain preferential access to India's wine market, enabling them to diversify into the country's export market. This agreement has seen tariffs reduce from 150% to 70% on bottles arriving in market at US$15 per...