On the occasion of a visit to Germany by Australian Finance Minister Mathias Cormann, the Progress Report of the Australia-Germany Advisory Group (AGAG) was presented by the two co-chairs, Minister Cormann and German Minister of State Maria Böhmer.
In the 12 months since the presentation of the 59 Australia Germany Advisory Group recommendations, 54 so far have been either fully implemented or are well advanced.
This is a significant progress in further deepening the Australia-Germany relationship and of great interest for the bilateral business community. All the business-related recommendations, are either fully implemented or in the process of implementation.
Examples of the implementation include the new double taxation agreement being in force, the German-Australian collaboration through the Prime Minister’s Industry 4.0 Taskforce, the establishment of the Australian-German Energy and Resources Working Group and the establishment of the Australian start-up landing pad in Berlin.
The German-Australian Chamber of Industry and Commerce is mentioned in the progress report in regards to its involvement in the implementation of the three-year EU-Australia Leadership Forum project and in regards to organising the successful Australian Delegation, chaired by Minister Cormann, to the Asia-Pacific Conference of German Business (APK 2016) in Hong Kong in November 2016. The German-Australian Chamber will also organise the major regional conference in Perth in November 2017, bringing together business and government leaders from Germany, Australia and the Indo-Pacific region.
While the progress in the implementation of the 59 AGAG-recommendations is truly outstanding and significant, this is another motivation for the German-Australian Chamber to push for further progress on business-related items still in progress such as the upcoming negotiations for the establishment of a Australia-EU Free Trade Agreement.
You can find the complete AGAG Progress Report via the Department of Foreign Affairs and Trade (DFAT) website.