1964-09-18, English, Article, Journal or magazine article edition: Trade notes (18 September 1964) Australian Trade Commission.

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Trade notes (18 September 1964)
 
Bookmark: https://trove.nla.gov.au/version/262257080
Physical Description
  • 1613 words
  • article
  • photo
  • Journals
  • Magazines
Published
  • vra, Dept. of Commerce and Agriculture, 1964-09-18
Language
  • English

Edition details

Title
  • Trade notes (18 September 1964)
Appears In
  • Overseas trading., v.16, no.18, 1964-09-18 (ISSN: 1323-4161)
Author
  • Australian Trade Commission.
Published
  • vra, Dept. of Commerce and Agriculture, 1964-09-18
Physical Description
  • 1613 words
  • article
  • photo
  • Journals
  • Magazines
Part Of
  • Overseas trading.
  • Vol. 16 No. 18 (18 September 1964)
Subjects
Summary
  • Trade notes Japan-Australian trade talks The Australia-Japan Business Cooperation operation Committee and the Japan- Australia Business Co-operation Committee mittee held their second joint meeting in Canberra, on September 2 and 3, 1964. Views were exchanged on economic and cultural relations between Australia and Japan. The warm relations between the two Committees continued to grow, and while there were many controversial matters discussed in a frank and open manner, there was goodwill in all exchanges of opinion. Concrete proposals made at the talks included: ® The two Committees to exchange information on economic problems common to both countries, particularly concerning labour shortages, price stability and the balance of payments. • Each committee to examine how exports ports from Japan and Australia to the other country can be expanded without damage to domestic industries. • They would also examine how positive action can be taken to bridge the gap between the lesser developed and the developed nations of the world. • Investigations would be made to ascertain tain the best means to develop joint ventures between the two countries. • rhe tw o Committees would exchange information on problems in trade between tween the two countries, including the problem of trade imbalance, and the Committees would see that action is taken to contain the difficulties. • Ihe question of re-opening Japanese banking facilities in Australia was also discussed. ° Investigations would be made into the manner in which a Pacific Basin Organization of Businessmen could be created. ® Each Committee would encourage businesses in Australia and Japan to exchange executives and technicians; and each would also ask its Government ment to introduce an exchange scheme of nationals between the two countries, as exists for example in the Fullbright Scholarship Scheme. ° The Committees would urge their respective Governments to finalize discussions and introduce a joint taxation tion agreement between the two countries. Trade promotion in the Philippines An Australian trade exhibition, supported ported by a selling trade mission will be staged in Manila from February 1-12, 1965. It is being sponsored and organized by Australian Export Promotions Pty. Ltd., in consultation with the Department ment of Trade and Industry. The exhibition will occupy 6,000 sq. feet in the Philam Life Building in the business centre of Manila, and arrangements ments are being made to display industrial dustrial machinery and equipment in an adjacent outdoor area. A trade inquiry lounge will be provided vided for mission members and exhibitors and a trade inquiry centre will be staffed by the Australian Trade Commissioner in Manila. Films about Australia and its industries tries will be shown daily in a theatrette adjoining the exhibition, and the promotion motion will be supported by press, radio and television publicity. Applications for the limited amount of display space close during the last week in November, 1964, preference being given to exporters who will actively promote their products from display stands and be represented on the trade mission. Australia’s exports to the Philippines rose from £6.2m. in 1961-62 to £10.4m. in 1963-64. The country offers market prospects for fresh fruit, dairy produce, meat, mining machinery, sugar harvesting and milling machinery, livestock, agricultural cultural machinery, tractors, pumps, building materials, food processing machinery and other commodities. Industrial growth urged Australia would have to rely increasingly ingly on its own industrial skills said Mr J. McEwen, Minister for Trade and Industry when he opened the first Industrial trial Design Centre in Australia. The new centre is organized by the Council of Industrial Design at the Degraves Building, Degraves Street, Melbourne. Mr McEwen said “Australia has become prone to depend on wool, wheat, butter and similar products to earn its foreign exchange.” Many Australian industrialists were surprised when they discovered they could sell profitably on overseas markets. He added “I hope we can satisfy our standards by the things we produce at home not by always having to import them because someone has been more skilful or industrious than ourselves.” After opening the centre, Mr McEwen presented the Industrial Design Council’s Essington Lewis award for outstanding work in design to Mr Frederick Ward, design consultant to the Reserve Bank of Australia. The award is a stainless steel and gold sphere designed by Stuart Devlin. It is to be given only when a significant contribution has been made to industrial trial design in Australia. Mr J. McEwen, Minister for Trade and Industry, presents the Essington Lewis award for outstanding work in design to Mr Frederick Ward at opening of first Australian design centre. See page 432. New export finance facilities The Australian Banks’ Export Re- Finance Corporation Limited is now ready to commence business. The Corporation will provide a pool of finance to assist the trading banks in meeting the requirements of exporters of durable and capital goods, particularly those extending other than fairly short term credit to their buyers overseas. Mr C. R. Coulter has been appointed first Chairman of the Corporation. The Chairman of the Australian Bankers’ Association, Mr H. F. Clarke, said that the banks have so far been able to meet the financial needs of successful exporters from either normal banking channels or through their special Term Loan Funds which were set up in April, 1962, but the additional funds available through the Australian Banks’ Export Re-Finance Corporation Limited will augment these resources and improve the ability of banks to meet requests for export finance. There is no specific restriction on the amount any one bank can re-finance. The Australian Banks’ Export Re- Finance Corporation Limited will not deal directly with exporters, but will provide export finance to individual trading banks when called upon to do so by re-finance of export transactions with the Corporation. Establishment of the Corporation will not, therefore, disturb the normal relationship between a customer and his bank. Exporters will continue to arrange finance needed for their export transactions actions through their own banks in the normal way. New currency for Bahrain The state of Bahrain is to introduce its own currency, the Bahrain dinar which will be the equivalent of £stgl and will replace the Gulf rupee. Invoicing for British Solomons The Acting Collector of Customs at Honiara, British Solomon Islands Protectorate tectorate has advised that some Australian tralian firms do not seem an fait with customs requirements for the Protectorate. torate. He suggests that much time may be saved and inconvenience avoided if representatives of Australian firms call at his Department’s offices while in Honiara. Other Australian firms wishing to receive up-to-date information on the Territory’s Customs and documentation requirements, are advised to write direct to the Acting Collector of Customs, Honiara, British Solomon Islands Protectorate. tectorate. Frozen milk for Malaysia Following success in transporting frozen whole milk over long distances in Western Australia, Masters Dairy Ltd., of Perth, is winning a market for this commodity in Malaysia. The milk is consigned in four-gallon cans or polythene-lined, tropical paper pyramidal Tetra Pak cartons. It keeps for three months and thaws out factoryfresh fresh if stored at sub-zero temperature. Masters’ Tetra Pak milk is becoming very popular in Malaya where it is sold through supermarkets. Indus Basin development Kaiser Engineers and Constructors Incorporated, of Oakland, California, would be interested in quotations from Australian sub-contractors in connection with the Indus Basin Development Scheme in Pakistan. Kaiser has already placed bids with Tipton and Kalmbach, 831 14th St., Denver, Colorado, for work on the Rasul-Qadirbad Link Canal. It will also bid for the Marala and Rasul Barrage projects, the bids to be submitted to Koode and Partners, London. Individual sub-contractors or groups of sub-contractors should write direct to Tipton and Kalmbach and/​or Koode and Partners for complete specifications for each project. They would then be able to make quotations to the various prequalified contractors, a list of which may also be obtained from Tipton and Kalmbach and/​or Koode and Partners. Shipping to Malta The Overseas Shipping Representatives’ Association reports that the Essex will call at Malta on its next homeward run. Agents for the vessel are Birt and Company. Tentative ports and dates of loading are: Brisbane, October 12-17; Sydney, October 19-24; Geelong, Melbourne, October 26- November 4; Adelaide, November 9-14. Essex is expected to dock in Malta on December 7, 1964. Market research in Japan A leading Japanese advertising agency, Man-Nen-Sha Incorporated, with headquarters quarters in Osaka, is offering to undertake take market research in Japan on behalf of Australian exporters. Details may be obtained from Mr K. A. Kirk-Williams, P.O. Box 23, Oakleigh, Victoria. Masters milk, imported from Perth, was introduced to Singapore through supermarkets. markets. Much of the immediate success was due to extensive offers of samples. Trade impact at Thessaloniki The impact of the first Australian exhibit hibit at the 29th International Thessaloniki loniki Fair was reflected by every Greek newspaper. Stories on the exhibit and the products displayed ranged from full page features to smaller items on specific fic products. This publicity was augmented by 5,000 copies of a special 12-page supplement on Australia, printed in the principal Greek financial paper, and distributed to visitors to the Australian exhibit. More than 7,000 people attended the opening of the Fair and, after it was opened to the public, more than 9,000 people visited the Australian exhibit. Visitors included Mr Andreas Papandreou, dreou, alternate Minister for Co-ordination tion and son of the Prime Minister; Mr George Melas, Minister of Commerce; merce; Mr B. Contogeorgos, Director- General of the Ministry for Commerce; Mr. Ch. Poulopoulos, President of the International Chamber of Commerce; and Mr G. Matsantonis, Director, Ministry try of Agriculture. In the first days of the Fair, strong inquiries were received at the Australian exhibit for roofing materials, automotive parts, tinplate, wool, irrigation equipment, ment, coffee, textiles, agricultural chemicals cals and industrial equipment.
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  • In Copyright
Language
  • English
Identifier
  • 382.0994 (DDC)

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