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Invest and Trade WA announces that applications are now open for the Western Australian Export Awards 2023, marking the 35th anniversary of these prestigious awards. The program acknowledges the success and resilience of WA exporters and their achievements in the international market.
Applying for the WA Export Awards in 2023 allows businesses to look critically at their operations, guided by the awards criteria that highlight what is paramount for successful international business. The awards – across 13 different categories, including Agribusiness, Food and Beverages – are also an opportunity to benchmark your business against others within your industry.
Finalists will gain the benefits of being included within Export Awards media and publicity campaigns, a profile as an Export Awards finalist on the Invest and Trade WA website, along with complimentary professional photos and videos to be used for the promotion of your business, among other benefits.
State winners in any of the 13 Australian Export Awards categories will vie for the national award in their category and receive a photo opportunity at their place of business with a senior government representative. In addition, the WA Exporter of the Year will be given the opportunity to attend an Invest and Trade WA led outbound mission, with costs up to $10,000 covered by Invest and Trade WA. The overall winner will also receive the incentives for finalists and category winners. Applications close Wednesday 14 June 2023. More...
Source and Image: Department of Jobs, Tourism, Science and Innovation | Related: Applications open for the Western Australian Export Awards 2023 Source: WA Minister for State Development, Jobs and Trade
An ASEAN Market Outlook 2022-23 report has been released highlighting trade and investment opportunities for Western Australia within the Association of Southeast Asian Nations (ASEAN) US$3.4 trillion market.
ASEAN is a cooperative, intergovernmental group of ten neighbouring countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – that offer a broad range of opportunities for WA.
Produced by the Invest and Trade WA team at the Department of Jobs, Tourism, Science and Innovation, the report says the fast pace of urbanisation and industrialisation of ASEAN countries generates significant demand for minerals and energy. A rapidly expanding middle class also demands higher standards for consumer goods, education and training services and new technologies.
The ASEAN region is already a leading market for WA’s agricultural exports, such as Indonesia’s high ranking for the State's wheat and beef exports, as well as Singapore’s high demand for dairy products, fruit and vegetables.
Visit the Invest and Trade WA website for market opportunities for WA businesses seeking to export to, or seeking investment from, other key international markets, including China, Gulf Region, India, Indonesia, Japan and South Korea and United Kingdom and Europe. More…
Source and Photo: Invest and Trade WA [WA agrifood exports to Singapore were valued at $162.9 million in 2020-21 and $186.9 million in 2021-22.]
The Australia-United Kingdom Free Trade Agreement (A-UKFTA) will enter into force on 31 May 2023, following the expected completion of UK domestic processes.
With the entry into force of this comprehensive agreement, there will be no tariffs on over 99% of Australian goods exports to the UK, opening up new export opportunities, including for the agriculture sector, for exports such as wine, short- and medium-grain rice, honey and nuts.
For some agricultural products like beef, sheep meat, dairy and sugar, Australia will have access to expanding tariff quota volumes – within 10 years these tariff quotas will be eliminated completely.
WA exported a record $33 million in agricultural products to the UK in 2021-22. Table wine exports to the UK grew from $6.4 million in 2018-19 to $11.67 million in 2021-22 (up 82%), while sheep meat exports grew from $7.5 million in 2017-18 to $14.7 million in 2021-22 (up 96%). More...
Source: Australian Prime Minister / DFAT / DPIRD | Graphic: Austrade / DFAT | Related: ‘Unparalleled access to more than 65 million UK customers’: Australian seafood industry welcomes Australia-UK FTA Source: Seafood Industry Australia | UK FTA good news for Australian winemakers, farmers and fishers Source: ABC News
Milk prices in many dairy-exporting regions around the world have fallen, following the large decline in global diary commodity prices seen since their peak in the first half of 2022, according to a report just released by Rabobank.
The specialist agribusiness bank believes this perceived fall in prices has been because of a mix in growth within the milk supply across most dairy-exporting regions (coupled with softer domestic demand), sluggish import appetite from the world’s largest dairy importer (China) and widespread demand “rationing” in many dairy markets across retail, foodservice and ingredient channels.
Rabobank says dairy prices are unlikely to recover until the latter half of this year, depending on when China returns as a meaningful buyer in export markets. More...
Source: Rabobank | Photo: DPIRD
Every year, one third of the food produced in the world for human consumption is lost or wasted, according to the United Nations Environment Program. Horticultural products are especially susceptible to damage and waste across the value chain.
Recent research investigating potential ways to gain value from vegetables and fruit that would otherwise be lost to the supply chain has resulted in the creation of new value-added products and ingredients. The flow-on benefits include potential new income streams for growers, increasing productivity and economic growth, improving global food security, reducing greenhouse gas emissions and more efficient use of resources required to grow, manufacture and transport food.
La Trobe University’s Research and Innovation Precinct, in collaboration with CSIRO, Australia’s National Science Agency, invites you to the third webinar in a series exploring how industry and research are tackling the challenges of food loss.
This free one-hour session at 12 pm AWST on Thursday 18 May 2023 will present case studies from Australian industry and researchers on creating new food products by repurposing food that would otherwise be lost or wasted. More...
Source: La Trobe University / CSIRO / UNEP | Image: La Trobe University / CSIRO
Asia and the Pacific are proving to be a dynamic and independent region despite the sombre backdrop of what looks to be the manifestation of a challenging year for the world economy, according to the latest Regional Economic Outlook Asia and Pacific published by the International Monetary Fund (IMF).
Growth is poised to decelerate as interest rates rise and the Russo-Ukrainian war weighs heavily on economic activity. Stubbornly, inflation remains high while several European and United States banks have injected increasing uncertainty into an already opaque and intricate economic landscape.
Asia’s domestic demand has remained strong despite monetary tightening, while external appetite for technology products and other exports is weakening. The IMF projects the region will contribute around 70% of global growth this year.
China’s reopening and unprecedented demand for consumption will provide fresh momentum. Other countries within the region are projected to enjoy solid growth rates. More...
Source and Graphic: IMF
Further information
Agribusiness, commercial fishing and aquaculture news from the Department of Primary Industries and Regional Development (DPIRD). If you have any questions or information to share, please email export@dpird.wa.gov.au.
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Important disclaimer
The Chief Executive Officer of the Department of Primary Industries and Regional Development and the State of Western Australia accept no liability whatsoever by reason of negligence or otherwise arising from the use or release of this information or any part of it.
Copyright © State of Western Australia (Department of Primary Industries and Regional Development), 2023.
