DBrief Podcast by Australian Industry Group
DBrief, the business podcast from Australian Industry Group is for business people with a keen interest in understanding the connection between their individual business operation and the broader issues of Industry Development, Industry Policy and new government regulations.
Via an engaging and informal interview format, DBrief will investigate:
- What is happening in Industry Policy, and what does it mean?
- Where are these issues going, and what do I need to know?
- What do I need to think about and learn, in order to stay abreast of- or even ahead of- the emerging issues and developments?
By understanding the answers to these questions, business operators can stay ahead of changes and market movements, and be better prepared for Digitalisation, Decarbonisation and Diversification in their business and their market sector.
The podcast is designed to provide Australian Industry Group members and other business owners with a useful and timely insight into the changes in policy and regulations, and what is means for business.
DBrief Podcast by Australian Industry Group
DBrief: Market Lens — Australia's Fragmented Frontiers & Regional Insights
In this episode of DBrief, Louise McGrath and Dr Jeffrey Wilson explore the complexities of Australia’s economic landscape, including challenges posed by time zones, public holidays, and the need for a unified economic market. They examine trade agreements - particularly those with New Zealand and ASEAN - and highlight the growing importance of digitalisation in trade processes.
The conversation also includes an update from the recent East Asia Business Council meetings in Malaysia, held on the margins of the ASEAN Economic Ministers’ meetings. Key topics include demographic challenges across the region and the impact of global trade policies, especially those originating from the US.
Key takeaways
- Australia’s time zone differences present significant business challenges.
- Public holidays vary widely across states, affecting productivity.
- The TTMRA aims to establish a single economic market between Australia and New Zealand.
- Trade agreements such as RCEP (Regional Comprehensive Economic Partnership) are vital for regional economic cooperation.
- Digitalisation in trade can reduce corruption and enhance efficiency.
- Youth demographics in Asia offer both opportunities and challenges.
- US tariffs disproportionately affect Asian economies.
- Machine-to-machine communication is essential for modern trade.
- ASEAN’s focus on small businesses provides a valuable model for Australia.
- The focus on small businesses in ASEAN is a model for Australia.
Contact the Industry Development & Policy team here.
