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 II.  BILATERAL TRADE WITH THE PHILIPPINES
     Value in US$ Million

In 2006, Australia ranked 14th as a market for Philippine export and 16th as a source of imports. In terms of total trade, Australia ranked 15th with 1.12% share.

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• Australia's high standard of living and growing economy provides a market for high value goods and services.
  
  
• Exporters to Australia will benefit from the country's general policy of reducing tariffs and duties.
  
  
• There are opportunities for suppliers of car and car parts, computers and telecommunications equipment, which were among Australia's top import items.
  
  
• Food consumption in Australia is affected:
  • by rising consumer consciousness, 
  • increasing demands for organic foods (estimated at A$200 Mn), 
  • demand for sugar-free products in the confectionery industry, 
  • increasing consumption of fresh foods, 
  • increasing nutritional awareness by adult males, 
  • influence of increasingly multicultural population, and 
  • desire to experiment with flavours.
    
    
• The relaxation of the restriction on sodium benzoate by Australian Quarantine and Inspection Service (AQIS) allows for increased exports of processed food.
  
  
• The Australian market is open to Philippine exports of mangoes coming from Guimaras.
  
  
• Fresh pineapples may be exported to Australia provided they are de-crowned and fumigated with methyl bromide.
  
  
• Sectors experiencing increased construction activity are infrastructure, transmission and telecommunications sector, and mining. 

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1. www.dfat.gov.au  - Official website of the Department of Foreign Affairs and Trade of Australia
   
   

2. www.aqis.gov.au  - Official website of the Australian Quarantine Inspection Service.

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