From tyranny of distance to centre of the global economy

For a century Australian businesses bemoaned the tyranny of distance that left us with poor prospects far from the world’s biggest markets. Today’s chart, from Visual Capitalist, brings home with a vengeance the newfound power of our location in the thick of the world’s fastest growing economies. In answers any questions you may have about…

China sneezes, will Australia catch cold?

Analysis by Peter Roberts China’s economy has finally cracked under multiple pressures ranging from a trade war with the US to massive over-building and related indebtedness. The boom economy which is a major supporter of Australia’s economic fortunes recorded exports in US dollar terms in February which were 20.7 per cent down on the previous…

Supporting Australian SMEs to go global

By Helen Hull of First5000 Federal parliament’s Joint Standing Committee on Foreign Affairs, Defence and Trade has released its report ‘From little things big things grow: Supporting Australian SMEs go global‘ following an inquiry into access to free trade agreements by small and medium enterprises. Among the key recommendations tabled in Parliament is that Free…

Bringing the NBN up to speed

Analysis by Peter Roberts It is hard to believe but after tens of billions of dollars spent, Australia heads towards 2020 with slow internet speeds that are going to affect the country’s economic future. New figures released in the Speedtest Global Index show Australia comes in at number 55 globally in terms of internet speed,…

Foreign direct investment drives global economy

Analysis by Peter Roberts Australia has always relied on foreign direct investment to drive its growing economy, as do other nations according to today’s graphic from Visual Capitalist. Whether it is Chevron’s investment in Australia’s north-west shelf, or Incitec Pivot’s $1 billion ammonia plant in New Orleans, companies often find the best payback in foreign…

Australia moves to secure UK trade

Trade minister, Simon Birmingham has reached agreement with the United Kingdom to secure Australian export trade for products should Britain depart the European Union without a comprehensive Brexit agreement. Senator Birmingham announced that current EU arrangements would continue to apply to Australian exports to the UK post-Brexit. “This will mean Australian exporters can continue to…