One of the key macro themes we have seen emerge in the aftermath of Brexit and the run up to the US presidential election is the carving up of global trading relationships into three spheres of influence – the US, China and the EU. These “Big Three” have increasingly jostled for influence not just among themselves (we saw China sign an investment deal with the EU at the end of 2020 notwithstanding the reservations expressed by the incoming Biden administration) but with the rest of the world in a contest to be number one global trade partner.
So where does this leave countries like Australia and Canada in the global pecking order for trade?
In 2020 China was Australia’s top export partner with Australia exporting US$90 billion in goods (Japan being in second position with US$19 billion of exports). For Canada the US was the number 1 export destination with US$337 billion in exports (China being in second place with $17.5 billion in exports).
As Australia and Canada have become drawn into the trade tensions between the US and China both policy makers and exporters have had to pause to rethink who they should partner with in their trading relationships and whether there are new markets which should be tapped for export growth over the next decade. The difficult related question is then the extent to which foreign policy should inform the direction of trade.
This webinar will explore these issues and the panellists will give their perspectives on the future of Australia and Canada’s global trading relationships in the 2020s.
This event is for:
- Canadian exporters and investors into Australia
- Australian exporters and investors into Canada
- Partners who can support these Canadian & Australian investors and exporters
- Business people interested in a Canadian and Australian perspective on current economic affairs and how to operate within these changing realities.
PANEL DISCUSSION TO BE ANNOUNCED MARCH 2021
8:25AM – EVENT OPENS
8:30AM – CACC WELCOMING REMARKS
8:35AM – MODERATED DISCUSSION
9:35AM – Q&A
9:55AM – CLOSING REMARKS
10:00AM – EVENT CLOSES