Exports are of huge importance to the Australian economy, making up 19.8% of our GDP in 2015, according to the World Bank. But success with export markets is not limited solely to the agriculture and resources sectors and nor is it limited only to large businesses. There are significant opportunities for SMBs to succeed in […]
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 […]
Too many Australian businesses are jumping into exporting without fully understanding and researching the risks involved, resulting in business losses and unnecessary expenses. There are a lot of country-specific details that businesses should be aware of before they consider exporting. For example, Turkey, Brazil, Indonesia, and India are currently viewed as high-risk areas because of […]
For some businesses, expanding overseas is considered a vital component to their growth strategy. And it’s not hard to understand why. After all, they’re opening the door to a new [and often much larger] pool of customers and revenue. But if only it were that simple. Sure – the sky is the limit where those […]
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 […]
Recently, animal rights activists in Australia have been campaigning against the Australian import of Livestock claiming that the industry is not legal and legitimate. They are also claiming the Livestock industry is not meeting animal welfare interests. In February, the livestock industry has responded saying that it is not only legal and legitimate; they are also […]
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