Australia

Ukraine-Russia conflict order on global commodity prices. There are Domestic economic Risks, Business Investment- Transition from large drop- off of committed investment. Exports- Project delays, retard production ramp-up Labor Demand- Weaker labor market conditions from declining resources investment.Housing- Growth volition be weaker if dwelling investment does not recover strongly as forecast. Australia has an torrential and diverse range of energy resources. It has very large coal resources that corroborate exports and low-cost domestic electricity production, ore than one third of the worlds known atomic number 92 resources, and substantial conventional gas and coal seam gas resources. These commode support Australias domestic needs and exports for many years to come.Identified resources of ill-bred oil, compression and liquefied petroleum gas are more limited and Australia is more and more reliant on imports for transport fuels. The judge advances in technology by 20 30 leave alone allow them to make a growing contribution to Australias emerging energy supply. By this time Australias energy consumption pattern is pass judgment to change significantly. While fossil fuels (coal, oil and increasingly gas) will designing to dominate the energy mix, renewable energy sources, notably wind, are expected to become increasingly more significant.Korea is Australias fourth-largest trading partner, and Australia is Koreans seventh largest trading-partner, with trade volumes of or so $30 billion in 2013, so its not surprising that both countries are trying to conclude a Korea-Australia Free Trade symmetry ( plentiful). Given the fact that the energy and resources sector accounts for nearly half of that, it will be particularly important for industry participants to understand the main opportunities that will arise once the fatty tissue is finalized. Lion of iron ore and concentrates, $1. Billion of crude petroleum and $700 million of liquefied natural gas. Koreans largest export to Australia was refined petroleum, flood tide in at roughly $3 billion. Official estimates are that Australia provides approximately 75% of Koreans iron ore and around 40% of its coal. According to the Australian Government, the FAT could increase trade between the two countries by 23% by 2030, with 17% attributable to an increase in the trade of energy and resources products. This FAT will improve Australia-Korea economic ties and will protect Post-crisis environment.