June

Minister for Trade and Investment Andrew Robb today announced a new initiative to assist Australian businesses capture opportunities in China’s rapidly growing online retail markets.

Today, Australia signed a landmark Free Trade Agreement with China, our largest trading partner, with total trade worth almost $160 billion in 2013-14, and a growing source of investment.

Exporters welcome a lower currency because, all else equal, it improves their competiveness abroad, but the size of the benefits differ among exporters. Agricultural exporters are the largest benExport Finance Australiaiaries of a weaker exchange rate; the effect on mining is less pronounced.