Is the development of wool in Australia developed?
The Australian Wool Board, the Australian Textile Fibers Processing Enterprise Association and the Australian Wool Marking Company are responsible for the management, guidance and advisory services on the promotion of the production, sale and marketing of wool-containing raw materials.
The Australian Productivity Council is the government department that manages industrial production and trade, including the production and trade management, policy formulation and industry coordination of the textile and apparel industry.
Australia is a more mature market economy countries, dependence on international trade. In fiscal 2002, Australia's total foreign trade amounted to 240.393 billion Australian dollars, accounting for 34.5% of GDP, trade surplus of 1.495 billion Australian dollars, accounting for 1.2% of total imports. The total amount of Australian exports in fiscal year 2002 was A $ 126.211 billion, down 2.55% from the previous year; total imports were A $ 117.882 billion, up 8.37% from the previous year. Australia and the world more than 130 countries and regions have trade relations
Australia is rich in natural resources, is the world's major mineral resources producer and exporter, industry to mining, manufacturing and construction-based. High-tech industry in recent years has developed rapidly, in the international market competitiveness has improved. Service industry accounted for the proportion of GDP gradually increased, has now reached about 70%.
Australia's Ministry of Agriculture, Economy and Resources and the Australian Wool Exchange (AWEX) are responsible for the management of Australia's transactions and auctions, pricing policy, and statistics.
