Global Economic Organizations and Conventions of Australia
PEEC
Commonwealth
OECD
OECD anti-corruption measures
UN
UNCTAD
ITC
UNCITRAL
WIPO
WB
WTO
IMF
...
The Commonwealth of Australia (Asia-Pacific).
The capital of Australia is Canberra
Sydney is the main Australian city of business
Other Australian cities are Melbourne, Brisbane, Perth, and Adelaide
Australian states: New South Wales, Queensland, South Australia, Tasmania, Victoria, and Western Australia
Australian population: 23.6 million people
Area of Australia: 7,692,024 km² (the sixth largest country in the world)
Australia (almost a continent) does not share borders with any country
Indonesia, East Timor, Papua New Guinea, Solomon Islands, Vanuatu, New Caledonia, and New Zealand are the closest countries to Australia
Australia has no official language, although English is the language of Australians, as well as several aboriginal languages
Australia is a Federal Parliamentary Constitutional Monarchy; Queen Elizabeth II is the Head of State
Australia gained the independence from the UK in 1901
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.
160,000 Maronites (Christians)
Australian Economy.
Australia: an strategic location for international business opportunities in the Asian markets (China, India).
20% of the Australian GDP is generated from international trade
Services are the pillar of the Australian economy, which
account for just over 60% of the economic activity
Foreign direct investment stock: 36% of the Australian GDP
The United States and the UK are the largest investors in Australia
The Australian economy was ranked in the top three economies in the Asia-Pacific region for its competitiveness
Top rank financial services sector. Australia has a very sophisticated financial sector and is one of the largest financial centers in the region
Australia is well placed to capitalize the economic growth of China and India
Currency of Australia: Australian dollar (AUD)
International Trade and Business in Australia
International Trade of Australia.
Australian exports: more than 20% of the Australian GDP. 176,000 million dollars
Asia-Pacific Markets: 68% of the foreign trade (products and services)
Main export products of Australia are coal, iron ore, gold, meat, wool, wheat, machinery, and transport equipment
Largest export markets of Australia are China, Japan, South Korea, India, the U.S., and the UK
Main import products from Australia are machinery and
transport
equipment, computers, telecommunication, crude oil
Main suppliers of Australia are China, the U.S. (20,050 million dollars), Japan, Thailand, and Singapore
The countries belonging to the Asia-Pacific Economic Cooperation - Pacific (APEC) represent 68.1%
of the Australian foreign trade of products and services
The U.S. is one of the largest
trade partners of the Australian products, and the largest foreign direct investment source
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.
Australian foreign trade with China reached 83,000
million dollars. Australia exported products and services worth
44,400 million dollars to China
Bilateral trade relationship with Indonesia is stable with a total
foreign trade of 11.5 billion dollars, making Indonesia its 13th largest trading partner
Singapore is the largest trading and investment partner of Australia in the ASEAN Region
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).