Trading Edge Global

Trade Practices Laws - Consumer Protection

Excerpt:

“The law says customers can demand faulty goods be replaced or repaired well beyond the 12-month warranty. Also, the study – commissioned by consumer protection agencies across the coutry – found 57% of retailers and 47% of manufacturers have no idea that consumers have any rights beyond the common 12-month manufacturer’s warranty.

The reality is that, regardless of the length of warranty offered by the manufacturer, Australian consumers have protection of a “statutory” or “implied” warranty under the federal Trade Practices Act.”

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Opportunities arise from market downturn

Excerpt:

“Australia operates in a globalised economy where trade and investment are inextricably linked. A recent report by the Centre for International Economics & Trade confirms the importance of trade liberalisation to Australia’s GDP, household income and employment. Against this backdrop, the global economy has experienced its most dramatic change in over seventy years.

In China, fiscal stimulus is assisting construction and infrastructure in second and third teir cities as the country moves from export-led growth to a focus on domestic consumption and investment.

In South Asia, India has been less exposed externally than many other Asian Economies, while the ASEAN states are facing lower global demand and tighter credit conditions, although domestic sources of demand are helping economies such as Indonesia.

Despite the current financial environment, there are many opportunites for Australian businesses and industry around the world.”

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Melbourne Press Business Article - Luxury Brands

Excerpt:

“Amid the Global downturn, retail spending in Europe and the US, the key markets for luxury brands, has been hit hard by the recession. According to a recent report, the global luxury goods market will have contracted by 8 per cent this year.

Rising sales in Asia have helped to cushion the blow. Excluding Japan, Asia now accounts for 23 percent of a major international brands revenue base. In the Asia region this organisation has maybe 10 projects a year, so having 3 projects in Melbourne is unusual but its linked to the opportunites in Melbourne.

This last period of crisis and uncertainty merely revealed that their business model strategy is very resilient and very strong. They stated there are two cornerstones to the business model – the first is the quality of the products – we do not compromise – and the second is that we never do any discount or “sales”.

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Austrade Direction for 2010

Excerpt:

“Australia will focus on deepening engagement in China and India and free trade agreement markets, as well as developing links in emerging markets. Austrade will support Australian businesses to harness the range of commercial opportunities in long term markets such as Japan, the growth markets of China and India, and emerging and lessdeveloped markets, as well as those arising from trade and investment flows across this region. Leveraging Australia’s membership of APRC and the recent AANZFTA agreement with ASEAN.”

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