Free trade account australia malaysia
Average per capita consumption for Singapore is 2. However, growth in the value of wine consumption is expected to continue until at least Most alcoholic beverages in Singapore are sold through the more traditional on-trade channels such as bars, hotels and restaurants.
In recent years, wine has become the exception to this and off-trade sales of wine now account for 70 per cent by volume Euromonitor. However, alcohol is one of the few imports to which a duty is attached in Singapore, making it an expensive commodity. What's on Events Visitor programs Export and regional wine support package. Australian wine sector Exports Grape and wine production Sector overviews. Apply for funding Regional programs Reporting Projects. Growing Environment and climate Pest and disease management Planting material Vineyard management.
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I am always impressed by the strong business connections Western Australians have developed with South East Asia, and the attendance at this breakfast today is testimony to that fact. Any discussion of the bilateral relationship between Australia and Malaysia must begin with an appreciation of just how long, deep and extensive the relationship is. This relationship has been forged through cooperation over many years in the areas of trade, education, defence and tourism.
The range and depth of these contacts provides us with a solid base for cooperation today. Education has played a very important role in the relationship between the two countries. Under the Colombo Plan, over , Malaysian students have graduated from Australian educational institutions. Making Australia today, the number one overseas education provider to Malaysia.
There are currently almost 16, Malaysian students studying in Australian educational institutions, over 85 per cent of who are in higher education.
Malaysian students account for almost 1 in 5 overseas students in higher education in Australia. And the current trends are encouraging. However, it is no longer just a case of Malaysian students travelling to Australia. Australian institutions are re-structuring their operations in order to take the education to Malaysia. Monash University was the first foreign owned institution to receive approval to establish a branch campus in Malaysia.
While today, Curtin University is also in a position to offer educational services to Malaysia. The commercial links between the countries are very strong. Malaysia is Australia's 10th largest trading partner overall and our 11th largest destination for exports. While Malaysia's exports to Australia remained strong during the recent economic crisis, Australia's exports to Malaysia tapered off somewhat. However encouraging figures just released this week show that merchandise exports for the last financial year were up 15 percent on the previous year.
Also encouraging is the fact that despite the regional economic crisis, most of the or so Australian companies present in Malaysia maintained their operations there during the crisis. In fact, total Australian investments rose by about 6. Making Australia the 12th largest foreign investor in Malaysia.
Real opportunities for investment exist in the areas of building, construction and infrastructure sectors. Only last month, I met with the Malaysian Deputy Minister for Works who was here to promote Malaysia as a destination for Australian investment. With Malaysia's relatively open market and continuing trade liberalisation, opportunities for Australian companies have never been better. Late last year, tariffs on 43 food categories were abolished.
While tariffs on another food products were reduced. Opening the way for Australia's agri-food industries. But like many countries of the 21st Century the big opportunities exist in the area of Information Technology.
With the development of the Multimedia Super Corridor MSC in Malaysia, and the growth of e-commerce and related services in Australia, natural opportunities are beginning to emerge.