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HSBC in AUSTRALIA
By: SHRUTI RAO (1225111204) PHANEENDRA KUMAR (1225111210) DINESH KUMAR (1225111220) DEEP CHARAN PATRO (1225111241) RAGHAV SAROGI (1225111244) SHRUTI MAHESKAR(1225111251) SUDARSHANA (1225111254)

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CULTURE
Definition Culture is the way of life of a particular society or group of people, including patterns of thought, beliefs, behaviour, customs, traditions, rituals, dress, and language, as well as art, music, and literature.

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Culture of Australia

Aussie modesty Mates Customs Business customs

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GLOBALIZATION

Globalization is the process of integration of cultures. It comes about from the interaction of people from different cultures and societies. It is driven by the process of international trade and investment. It has opened the way for greater and easier communication among people.

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HSBC Worlds local bank

Global Markets Global Bank Modes of operation

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POLITICS

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What political system rules in your country of interest & how does that affect your business?

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Australia's Political System

Australia's system of government is based on the liberal democratic tradition, which includes religious tolerance and freedom of speech and association. It's institutions and practices reflect British and North American models but are uniquely Australian. The Constitution Australia's Constitutional Monarchy The Governor General and State Governors The Commonwealth or National Government State and Territory Governments Local Government
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HSBC welcomes the actions taken by governments around the world to support the banking system. Consistent with many other countries around the world, the Australian Government announced deposit guarantee plans to foster greater confidence in the community, safeguard Australians from the global financial crises, and protect deposits in Australian banks. As a local subsidiary of the HSBC Group, HSBC Bank Australia Limited is eligible for the Australian Government's deposit guarantee scheme.

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What legal system pervades your country of interest & how does that affect your business?

WHAT IS A LEGAL SYSTEM? Australian legal system: The Australian legal system developed from the legal system of Britain, which was brought to Australia as part of the process of Britain setting up a colony in Australia, beginning in the 1770s. Between 1855 and 1890 the British Parliament granted a limited right to set up a local system of government to each of the British colonies within Australia, usually referred to as granting responsible government.
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SOCIAL ENVIRONMENT

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How would you evaluate the impact of FDI &MNEs on your country of interest?

The consequences of FDI inflows in Australia, the second largest net importer of FDI in the developed world, are analyzed using quarterly aggregate data. FDI was found to directly increase domestic investment growth, GDP growth and FDI itself, but decrease export growth. the management teams of multinational enterprises (MNEs) must be aware of these various interests, they serve them unevenly at any given period. The effects of MNEs on growth and employment are not a necessarily a zero-sum game among countries. The relationship between multinational enterprises (MNEs) and societies has generated so many allegations and controversies that it is impossible to examine all of them at once.
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TRADE THEORY
Free and Open trade The trade strategy embraces five principles:

Unilateralism. Non-discrimination. Separation. Transparency and Indivisibility of trade policy and economic reform.
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TARIFF & NON-TARIFF BARRIERS

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What tariff & non-tariff barriers exist as obstacles to trade in your country?
THE GATT REGIME (General Agreement on Tariffs and Trade) The primary obligations to which a signatory country to GATT accede include: To support open market forces; If necessary, to use limited instruments of "protection" - primarily "tariff duties" levied on imports; To factor into Government programs a long-term process for non-reversible reductions in "protection". THE HARMONISED TARIFF The CCC(Customs Co-operation Council) Nomenclature for the Click to edit Master subtitle style Classification of Goods in Customs Tariffs and the Valuation of Goods for Customs purposes. The movement of goods across international boundaries can be identified through the Harmonized Commodity Description and Coding System.

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cont.. Legislative Acts and other legal instruments

Customs Tariff Act 1995 Customs Tariff (Anti-Dumping) Act 1975 Commerce Trade Description Act 1905 Customs (Prohibited Imports and Exports) Regulations Customs Act 1901

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TRADE BLOCKS

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European Union (EU): The EU is one of Australia's largest trading partners-it is the largest source of foreign investment in Australia and, in turn, most of Australia's overseas investments go to the EU. North American Free Trade Association (NAFTA): NAFTA aims to integrate the economies of North America as a defence against the trade protectionism of the EU. This addition to the number of existing trading blocs has put pressure on smaller trading countries like Australia. Asia-Pacific Economic Cooperation (APEC): Click to edit Master subtitle style The significance of APEC can be seen in its member countries' increase in exports, valued at approximately US$2.5 trillion and representing about 43% of total world exports, as well as imports, valued at approximately US$2.4 trillion and representing about 44% of total world imports in recent years.

Of which trade blocks is your country a member& what benefits does your country gain from this membership?

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Association of South-East Asian Nations (ASEAN) Free Trade Area (AFTA): AFTA's future goals coincide with Australia's regional trading aims. These goals include liberalising trade in ASEAN by progressively removing tariff and nontariff barriers, attracting foreign investors, and adapting ASEAN to the rise of other regional trading blocs. Australia-United States Free Trade Agreement (AUSFTA): The agreement has also sought protection for Australian investment into the US market and to significantly expand exports such as meat. It has further expanded Australian service industries, 7/22/12

FOREIGN EXCHANGE

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Scale Of Investment Expertise:

-128 million customers worldwide -10,000 international offices -in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. -With global assets of US$2,354 billion at 2009 -HSBC is currently the market leader* in retail in terms of Funds under Management and Equity MF distribution. *Source Computer Age Management Services Pvt. Ltd. (CAMS) report -Client trust We pride ourselves on the quality of relationship-managed financial solutions we offer to our 1 lac customers with more than Rs 100 billion of assets under management.
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Financial Instruments-Mutual Funds -SIPs -Fixed income -White-listed funds

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EXCHANGE RATE DETERMINATION

Determining exchange rates -A flexible or floating exchange rate is where the market forces of supply and demand determine the exchange rate. -A fixed exchange rate is where the government determines the exchange rate for a period of time 7/22/12 based on the value of another countrys currency

WORLD TRADE ORGANIZATION

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What is your countrys role in the WTO?

Australia donates AUD 14 million to WTO development programs. At the 8th WTO Ministerial Conference of 15-17 December 2011, Australia announced it will give three donations to WTO development programs. Set the trade policies . Reinforced WTO's objectives

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How does your country work with other organizations such as IMF, IBRD?

Australia had contributed US$2.1 billion (A$2.8 billion) to IDA (in accrual terms). Australia provided $88.1 million to IDA and HIPC . Australia held 24,464 shares in the IBRD, valued at US$3.0tobillion (A$4.0 billion) and representing 1.56 Click edit Master subtitle style per cent of the total capital subscribed to by members of the IBRD. Australia is working through the World Trade Organization to seek to bring international air services into the broader trading system
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References
http://www.tpj.com.au/ittb.htm http://www.hsbc.com/1

http://www.kwintessential.co.uk/resources/global-etiq

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THANK YOU

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