Emissions Trading Workshop

21 August 2007

Registration is now open for the Australian Plantation Products and Paper Industry Council’s (A3P) emissions trading workshop to be held in Sydney on10 October.
The workshop will focus on proposed models of emissions trading for Australia; how forests are currently used as carbon offsets and what may change; how carbon in timber could be accounted and traded; and maintaining the competitiveness of the pulp and paper sector.
The program will include invited experts and opportunities for discussions and questions. Workshop attendance is free for A3P members and $100 for non-members.
Contact: Linda Wood on 61 2 6273 8111 or check www.a3p.asn.au

Jess Advising Rural Youth

A3P communications officer Jess Wurf has been selected to join the Rural Industries Youth Advisory Group (RIYAG). The advisory group will provide advice to the Minister for Agriculture, Fisheries and Forestry Peter McGauran and Parliamentary Secretary to the Minister Sussan Ley over a 12-month period on issues affecting the forestry, agriculture and fisheries industries and the young people within them.

Importers Hit By Falling Aussie Dollar

The falling Australian dollar has cost importers hundreds of thousands of dollars in the past two weeks.
Finance experts say importers without a foreign exchange strategy could be in for more trouble; it could mean the difference between a lucrative year or insolvency.
The currency ended last week more than US11c down at about US77c from its peak of nearly US89c three weeks ago. An importer riding the currency market since the unit peaked would have to pay about A$82,200 more on a foreign currency invoice of US$500,000.
Basil Payn of Travelex Commercial Foreign Exchange says businesses should estimate their foreign exchange spend for the next financial year, set a budget foreign exchange rate and maintain a conservative outlook on the currency market.
Volatile conditions in global markets have caused the dollar decline and the currency movements will have hurt importers who had not hedged.
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