Efic and the Export Council of Australia (ECA) have partnered to launch an app that provides new and growing exporters, particularly small to medium businesses, with need-to-know information. According to Andrew Watson, executive director, export finance at Efic, the Export Essentials app alerts businesses to details often overlooked when planning to export. “Exporting can be a complicated business, especially […]
Australian small businesses Frankland Islands Cruises and Intersective are among the first to benefit from Efic’s new Small Business Export Loan. The latest finance offering from Australia’s export finance agency, is designed to meet the needs of small businesses seeking export finance, with a focus on convenience and speed throughout the online application and approval process. The […]
Recent Australian Bureau of Statistics’ export figures show that Australia’s manufacturing industries continue to look overseas for export opportunities. According to ABS, 300 Australian manufacturers began exporting for the first time in 2015-2016. With international demand for Australian-made quality products, this is a trend that is likely to continue. In line with this trend, according […]
Australia’s small business exporters are concerned about accessing finance for their export journey. This isn’t a new concern, but it is one that can be addressed. This article outlines some of the perceptions of, and challenges in, accessing export finance, as well as the ways that Australian small businesses are overcoming this challenge. Access to finance […]
Australia’s small business exporters have three things in common: they are optimistic, they are confident and most importantly, they are innovative. When this translates to the international market through exporting, these traits are even more important to success. As small and medium enterprises (SME) move into the global marketplace, they have the opportunity to learn […]
An increasingly favourable Indonesian investment climate offers growth opportunities for Australian exporters, according to new analysis from Efic. Jokowi’s reform drive buoys Indonesia’s investment climate Indonesia’s investment climate has benefited from 11 wide-ranging reform packages introduced by the government since September 2015. “This renewed reformist zeal has boosted market sentiment and will aid new efforts […]
It’s an exciting time to be a small business involved in exporting. With the weaker AUD boosting Australia’s international competiveness in many industries outside of mining, and a host of new free trade agreements opening up entry into foreign markets, there are many great opportunities for small and medium-sized enterprises (SMEs) thinking about expanding overseas. […]
After a year in which the world economy experienced heightened volatility and global growth slowed, there has been a positive shift in opportunities ahead for SME exporters. Trade is still growing, albeit at a slower pace than before the global financial crisis (GFC). After relatively modest growth of 2.6 per cent last year, Efic expects […]
South Korea is one of Australia’s closest economic and trading partners, and with its high-income economy, there is a strong market for Australia’s high quality goods and services. For Australian SME exporters thinking about entering the South Korean market, it is important to first identify the opportunities for your business and any potential risks. Opportunities […]
While Australian SME exporters continue to win contracts against global competitors, many find it difficult to access the finance they need to secure these opportunities.
