The global economy is set to be hit by a surge in the volume of global trade, a trend that has already affected Australia.
In February, the trade office in Australia reported that there were more than 8 billion transactions worth more than US$5 trillion in value in the world.
The rise in volume is expected to add more than $1 trillion to global trade in the next three years.
“Trading volume is up almost 5 per cent on last year,” the Trade and Investment Minister, Andrew Robb, said last month.
“So the volume is growing, and we are seeing that we are gaining more market share.”
Australia is a major destination for trade and investment, with more than 200 million people living in the country, according to the Office of the Trade Representative.
However, trade in Australia has seen a steady decline since the global financial crisis.
Between 2000 and 2015, the volume fell by more than 50 per cent.
“That has been one of the big issues,” Dr Robb said.
A growing global economy Australia is one of a handful of countries with significant growth in trade with the rest of the world, and the trade is a significant driver of the countrys economy. “
But there is a big drop in that over the past couple of years.”
A growing global economy Australia is one of a handful of countries with significant growth in trade with the rest of the world, and the trade is a significant driver of the countrys economy.
Dr Robb says Australia has experienced a strong growth in the number of bilateral trade agreements with other countries.
This is partly due to the economic growth and investment opportunities that come with the growing trade volume.
“In terms of trade with other nations, Australia has been the fastest growing country in the global economy,” he said.
“The volume of trade in our country is up by about 5 per% year-on-year.””
The volume of trade in our country is up by about 5 per% year-on-year.”