Asean, Jetro And Apec In Term Relevance To Australia Firms
6. Discuss the following organisations in terms of their relevance to Australian firms engaged in export and/or import activities.
(a) Association of South East Asian Nations (ASEAN)
(b) Japanese External Trade Organisation (JETRO)
(c) Asia-Pacific Economic Cooperation (APEC)
Association of South East Asian Nations (ASEAN), Japanese External Trade Organization (JETRO) and Asia-Pacific Economic Cooperation (APEC) are the organizations which Australian firms engage in export and import activities. In each organization involve members from different countries. These organizations have their own aim and vision for the global market. Now days, every countries export and import to and from other countries. In order to have export and import, there involve different standards, rules and regulations from different countries. This is where these organizations help the countries to export and import with more convenience.
By looking at the table below shows Australia’s total export and import over the years. ( table below)
2004 2005 2006 2007
Total exports ($m) 117,887 139,079 163,754 168,067
Total imports ($m) 141,247 155,729 176,090 187,765
Australia has been increased in both exports and imports over the years. Australia’s top five exports are 1.Metalliferous ores and metal scrap, 2.Coal, coke and briquettes, 3.Non-ferrous metals, 4.Gold, non-monetary and 5.Petroleum, petroleum products and related materials. Australia’s top five imports are 1.Road vehicles, 2.Petroleum, petroleum products and related materials, 3.Telecommunications and sound recording and reproducing apparatus and equipment, 4.General industrial machinery and equipment, n.e.s. and machine parts and 5.Office machines and automatic data processing machines.
Japanese External Trade Organisation (JETRO)
Japanese government acting as a trade promotion agency established JETRO to increase trade and...
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