Impact Publications : AirCargo-256
Page 4 • AIRCARGO ASIA-PACIFIC • August-September, 2018 India-Australia study finds 10 areas suitable for trade A REPORT commissioned by the Federal Government to ‘unlock’ the potential for trade with India has identified 10 sectors where Australia’s advantages match India’s needs and 10 states in India where Australian traders could best focus their efforts. Key recommendations for these sectors and markets are detailed in the report. Titled An India Economic Strate- gy to 2035: Navigating from Poten- tial to Delivery, it was researched and written by Peter Varghese AO, chancellor of the University of Queensland and former secre- tary of the Department of Foreign Affairs and Trade. A copy can be found at indiaeco- nomicstrategy.dfat.gov.au. The brief instructed Varghese to look beyond the immediate ho- rizon and provide a roadmap for unlocking the opportunities that would help India and Australia grow together. It is been de- scribed as being about cement- ing India in as a priority economic partner. Australia has enjoyed 27 years of consecutive annual economic growth, but gov- ernment policy – and common sense – is to continue seeking out new markets and opportunity. This strategy is directly aligned with the continuing well-being of international air cargo and the Australian transport and logistics sector. The report judges that no single market over the next 20 years will Peter Varghese offer more growth op- portunities for Australia than India. By 2035, India will overtake China as the world’s most pop- ulous country. It also is poised to become the third-largest economy after China and the Unit- ed States. India’s scale alone en- courages ambition, but it is the is the comple- mentary areas between Australia’s and India’s economies that will de- termine success. The foundations for an en- hanced economic partnership with India are strong, underpinned by people-to-people ties and shared values. The Government is now con- sulting with Australian and Indi- an stakeholders on how best to progress the report’s recommen- dations. The report identifies 10 sectors where Australia’s competitive ad- vantages match India’s needs, and 10 states in India where Australia should focus efforts. Key recom- mendations for these sectors and markets are detailed in the report. The Government will consider its response to Varghese’s report following consultation with Aus- tralian and Indian stakeholders. The Foreign Policy White Paper places India in the front rank of Australia’s international partner- ships, recognising converging strategic interests. Implementa- tion of the report’s findings will give similar priority to the eco- nomic dimension of the relation- ship. A copy of the report can be found at indiaeconomicstrategy. dfat.gov.au . ASM app provides savings A NEW data archiving app will help forwarders stay compliant with the Customs declaration process and save them time and costs, the provider says. Agency Sector Management (ASM) UK says its Sequoia makes it easier for forwarders to store as well as to retrieve critical doc- umentation. Users do not need access to the Sequoia application in order to retrieve archived data, mean- ing they can find information simply by using a web browser, from any location. “Crucially, this app automati- cally filters out non-critical data, which is important for e-com- merce businesses that might be clearing thousands of line items a day,” said Peter MacSwiney, chair- man, ASM.. “By keeping only critical data live, the tool reduces the database size and frees up expensive serv- er space, which in turn enhances system performance and speeds up overall searches and processes, saving on valuable time and costs. “If you can remotely search, filter, and access those records, as well as print or email documentation directly from that location, it’s also a huge advantage for forwarders.” The archive stores details of jobs, declarations, shipments, agent inventory records, consolidations, transit movements, sales invoices, collection and delivery notes, air waybills/bills of lading, manifests and user added documents.