Multicultural Communities Influence Business

Australia has a large migrant population, with 49 per cent of residents having one parent born overseas. Understanding the role of these multicultural
communities (including international students and tourists) within Australia in driving demand for local products and services overseas, is useful.

For example, whether international students encourage their friends
and family overseas to buy Australian products.

Ph Calls For Action At Next WTO Meet

"We should support and maintain an open, fair, predictable, transparent and rules-based multilateral trading system as embodied in the WTO,” Department of Trade and Industry (DTI) Secretary Ramon Lopez conveyed to his fellow trade ministers as he recalled the importance of the World Trade Organization (WTO) at the Informal WTO Ministerial Meeting held in Shanghai, China on 05 November 2019.

The Philippines urged members to work hard to conclude by December 2019 the negotiations on fisheries subsidies to address the problem on illegal, unreported and unregulated fishing (IUU).

Australian Nation Brand Impact on Trade

Businesses selling their products or services internationally rely on Australia’s nation brand to assist in forging business relationships and influencing buyer decisions. A clear and defined message on nation branding can change how a country is perceived internationally and across different sectors, and can cut across the intense competition in trade and investment.

The food and agriculture sector clearly places a higher level of importance on brand than other sectors, which is consistent with Australia’s high quality reputation for
food and beverages.

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