The economy of Australia is a highly developed mixed economy. As of 2020, Australia was the 13th-largest national economy by nominal GDP, 18th-largest by PPP-adjusted GDP, and was the 25th-largest goods exporter and 20th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter, the 103rd quarter and marked 26 years since the country had a technical recession. Its GDP was estimated at A$1.3 trillion as of 2020.
Foreign relations of Australia are influenced by its position as a leading trading nation and as a significant donor of humanitarian aid. Australia's foreign policy is guided by a commitment to multilateralism and regionalism, as well as to strong bilateral relations with its allies. Key concerns include free trade, terrorism, refugees, economic co-operation with Asia and stability in the Asia-Pacific. Australia is active in the United Nations and the Commonwealth of Nations. Given its history of starting and supporting important regional and global initiatives, it has been described as a regional middle power par excellence.
The Asia-Pacific Economic Cooperation is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region. Following the success of ASEAN's series of post-ministerial conferences launched in the mid-1980s, APEC started in 1989, in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; it aimed to establish new markets for agricultural products and raw materials beyond Europe. Headquartered in Singapore, APEC is recognized as one of the highest-level multilateral blocs and oldest forums in the Asia-Pacific region, and exerts a significant global influence.
The Canada China Business Council or CCBC is a private, non-profit business association founded in 1978 to facilitate and promote business, trade and investment between Canada and People's Republic of China. CCBC has offices in Toronto, Vancouver, Montreal, Calgary, Halifax, Beijing, and Shanghai. CCBC is the de facto Canadian chamber of commerce in Beijing. It also has business incubators in Beijing, Shanghai, Montreal, and Calgary to help Canadian companies grow in China, and Chinese investors to succeed in Canada.
eToro is an Israeli social trading and multi-asset brokerage company that focuses on providing financial and copy trading services. It has registered offices in Cyprus, Israel, the United Kingdom, the United States, and Australia. In 2018, the company's value was $800 million.
The Department of Foreign Affairs and Trade (DFAT) is the department of the Australian federal government responsible for foreign policy and relations, international aid, consular services and trade and investment.
Australia–Japan relations or Australian–Japanese relations refers to the bilateral relations between Australia and Japan.
The Australian Trade and Investment Commission, or Austrade, is the Australian Government's trade, investment and education promotion agency. It is a statutory agency within the Foreign Affairs and Trade portfolio, with offices in overseas embassies and consulates, and representative arrangements in some other locations.
Ross Greenwood is an Australian print and television journalist and radio presenter.
The China–Australia Free Trade Agreement (ChAFTA) is a bilateral Free Trade Agreement (FTA) between the governments of Australia and China. Since negotiations began, 21 negotiating rounds have been completed. The deal was completed on 17 November 2014 and details released two days later, nearly 10 years after its first round of negotiations that began on 23 May 2005 after a joint feasibility study. The free trade agreement was signed between the two countries on 17 June 2015. Following the usual treaty making process the agreement came into force on 20 December 2015, after the Chinese Government completed its domestic legal and legislative processes and the Australian Parliament’s Joint Standing Committee on Treaties and the Senate Foreign Affairs, Defence and Trade References Committee finished a review.
The Royal Society of Queensland was formed in Queensland, Australia in 1884 from the Queensland Philosophical Society, Queensland's oldest scientific institution, with royal patronage granted in 1885.
Australia–China relations, often known as the Sino-Australian relations, refers to the relations between Australia and China. The first Chinese consulate in Australia was established in 1909, and diplomatic relations were established in 1941. Australia continued to recognise the Republic of China (ROC) government after it lost the Chinese Civil War and retreated to Taiwan in 1949, but switched recognition to the People's Republic of China (PRC) on 21 December 1972. The relationship between China and Australia has grown considerably over the years. Both countries are actively engaged economically, culturally and politically which spans numerous organizations such as APEC, East Asia Summit and the G20. China is Australia's largest trading partner, and has invested in Australian mining companies.
The China–Britain Business Council (CBBC) is the leading British organisation promoting trade and investment between the UK and China.
Australia–India relations, also referred to as Australian-Indian relations, are the foreign relations and both shared this as "Comprehensive Strategic Partnership" between the Commonwealth of Australia and the Republic of India. Before independence, Australia and India were both part of the British Empire. Both are members of the Commonwealth of Nations. They also share political, economic, security, lingual and sporting ties. As a result of British colonisation, cricket has emerged as a strong cultural connection between the two nations, as well as the English language. Military cooperation between Australia and India includes the regular joint naval exercise AUSINDEX.
Paul Glasson is the Chairman of Satori Investments Greater China and Life Member of the Australia China Business Council, awarded for his many years' service leading the council's presence in China between 2008 and 2014. He has lived in China since the mid-1990s and is recognized in industry as one of the foremost experts on outbound investments by Chinese enterprises. In 2009 he was described by The Australian newspaper as one of the most influential Australians living in China.
The Australian Catholic Bishops’ Conference (ACBC) is the national episcopal conference of the Catholic bishops of Australia and is the instrumentality used by the Australian Catholic bishops to act nationally and address issues of national significance. Formation of the ACBC was approved by the Holy See on 21 June 1966. With around 5.4 million Catholics in Australia, the ACBC is an influential national body.
Australia-Kenya relations are the bilateral relations between Australia and Kenya. Both Australia and Kenya were formerly part of the British Empire, although not simultaneously, and are current member states of the Commonwealth of Nations. As of 2020, both Commonwealth nations have maintained bilateral relations for 55 years.
Relations between the Commonwealth of Australia and Taiwan date back to 1909 when the latter was ruled by the Qing dynasty. Since 1972, the political status and legal status of Taiwan have been contentious issues.
Gladys Liu is a Hong Kong-born Australian politician, a Liberal Party member of the Australian House of Representatives representing the Division of Chisholm in Victoria since her election in May 2019. Born in Hong Kong, Liu was the first ethnically Chinese woman ever elected to the House, defeating the Australian Labor Party's Jennifer Yang. Liu has been criticised for her alleged links to the Chinese Communist Party, although she has denied knowingly associating herself with CCP affiliates. She has also been critical of Victorian Premier Daniel Andrews' deal with the People's Republic of China on the Belt and Road Initiative.
The Indonesia–Australia Comprehensive Economic Partnership Agreement (IA-CEPA) is a bilateral agreement signed between Australia and Indonesia in March 2019, ratified by Australia in November 2019 and Indonesia in February 2020. The agreement contains a free trade agreement removing tariffs from nearly all products traded between both countries, in addition to loosening investment regulations in Indonesia for Australian firms and increasing the quota for Indonesians seeking vocational training in Australia.
