China's abolishment of the wine tariff in March has seen Australian wine exports skyrocket in the months since. Following the removal of this tariff, Australian wine exports have risen by more than 675% in volume and 8300% in value, as Australia's exported wine value hit over...
On 14 May 2024, the Federal Treasurer Jim Chalmers delivered the 2024-25 Federal Budget for 2024-25. Outlined below is a high-level summation of the announcements relevant to trade, biosecurity, infrastructure and logistics: Trade Removal of 'nuisance tariffs' The Budget confirmed the earlier announcement by Government that it will...
Terminals across Australia are operating in adherence to schedules, with only minor delays being experienced in certain locations: Patrick Terminals are experiencing minimal delays of 0.5 days in Brisbane and Melbourne, with an average one-day delay in Sydney and two days in Melbourne. DP World...
As of the new financial year (1 July 2024), there will be an increase to the regulatory fees and charges for biosecurity and imported food regulatory activities by The Department of Agriculture, Fisheries and Forestry. Simply click here for a full list of all relevant fees...
Australia and India have fortified their ties by signing the Australia-India Authorised Economic Operator (AEO) Mutual Recognition Arrangement (MRA). This MRA aims to provide mutual trade facilitation benefits as well as support Australian Trusted Traders (ATT) to gain faster and more efficient access into one of...
The 2023-24 Brown Marmorated Stink Bug (BMSB) risk season officially ended as of the 1st of May 2024. Goods shipped on board or vessels departing from BMSB-identified target risk countries will no longer be subject to the BMSB seasonal measures, such as seasonal pest inspection...
Hutchison Ports Hutchison Ports has announced an increase to their Landside and Storage Tariffs. These tariffs will become effective as of the 13th of May 2024 and will apply to their Brisbane and Sydney ports. VICT fee increases Victoria International Container Terminal (VICT) has invited submissions under the...
As of 3 June 2024, Australian businesses exporting to the European Union (EU) will need to fulfill additional data requirements. As part of the upcoming third release of the EU’s Import Control System 2 (ICS2), all cargo that is discharging, transhipping in the EU, Northern Ireland,...
In welcome news, China 's Ministry of Commerce has announced the abolishment of tariffs on Australian wine, which became effective as of 29th March 2024. Prior to the introduction of these punitive tariffs, mainland China was Australia's most valuable export market, worth AU$1.3billion, a value...
This week has seen the Chinese government release an interim recommendation that the duties on wine are no longer necessary. This recent announcement has raised hopes that the removal of the tariffs which hit peaks of 200% on wine and resulted in Australia's annual wine exports...