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Trade update | 5 May 2023
05 May 2023
Digital Infrastructure and Space Technology
Register today for the ICC Australia Arbitration Committee’s panel discussion on Digital Infrastructure and Space Technology in Sydney.
This is a free event will be held on Tuesday, May 16, at the Clifford Chance office in Sydney.
This event is an initiative from the ICC Australia Arbitration Committee that was launched in November 2022.
The panel discussion will explore the current landscape of developments in the sector in Australia as well as future trends, with a particular focus on dispute avoidance techniques, mediation and arbitration as dispute resolution tools.
Julia Dresoti, counsel with ICC Australia member Clifford Chance, will be a panellist along with 7 Wentworth Selborne Chambers barrister Duncan Miller as the moderator.
Click here to register for the event.
ACCI meets the Mongolian Ambassador
ACCI Head of Trade and International Affairs Chris Barnes met with the Mongolian Ambassador, D. Davasuren, last week to discuss potential trade and investment opportunities between Australia and Mongolia. Mongolia is interested in diversifying its trade and seeks further collaborative opportunities with ACCI, particularly the tourism and mining services sectors.
13th Meeting of the Singapore-Australia Joint Ministerial Committee
Deputy Prime Minister and Minster for Defence Richard Marles, Minister for Foreign Affairs Penny Wong and Minister for Trade and Tourism Don Farrell met with Singapore Minister for Defence Ng Eng Hen, Minister for Foreign Affairs Vivian Balakrishnan and Minister for Trade and Industry Gan Kim Yong on Monday at the 13th meeting of the Singapore-Australia Joint Ministerial Committee in Canberra.
Singapore and Australia have multiple free trade agreements.
July 2023 will mark the 20th anniversary of the Singapore-Australia FTA.
Ministers from both countries look forward to signing the upgraded ASEAN-Australia-New Zealand FTA and advancing the Indo-Pacific Economic Framework to ensure the framework delivers concrete solutions to shared challenges, including digital trade and supply chain resilience.
Click here to read the full media release.
Australia calls on US to end its blocking stance
The Australian government has called on Washington to end its “blocking stance” in the World Trade Organization’s dispute settlement body which is harming “the international rules-based trading order”.
Assistant Minister for Competition, Charities and Treasury Andrew Leigh expressed his frustration with the Biden administration for not fixing the logjam at the heart of the global trading system. “This blocking stance, which began under the Trump administration, has been harmful to the international rules-based order,” Dr Leigh said in his keynote speech delivered in South Korea.
Click here to read the full article and click here to download the full speech.
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