We have an exciting few months ahead as we look forward to the launch of two of the ECA’s flagship initiatives during the coming quarter, starting with the launch of our new Trade Barriers Register (TBR) next month and capping off with the results of our latest annual Australia’s International Business Survey (AIBS) over the winter.
Global Trade Updates
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Budgeting strategically and building credit are just two critical steps for long-term financial success. Selling to clients in the same state, country, time zone and in the same language is hard enough. But exporting to foreign countries adds a whole new level of complexity to the mix such as currency fluctuation, shipping delays and non-payment. In fact, non-payment is one of the biggest fears for exporters. Fortunately (or unfortunately) you’re not alone. 80% of ultra-long overdue invoices that are greater than 120 days are uncollectable*.
The Export Council of Australia (ECA) interviewed a Korean importer of military clothing and tactical gear.
Ten New South Wales startups will have an exciting opportunity to meet with world-leading innovation experts in Tel Aviv, Israel, one of the most advanced innovation hubs in the world.
Australia welcomed a record 9.02 million international visitors in the year ending March 2018, an increase of 7.7 per cent on the last 12 months, according to figures released by the Australian Bureau of Statistics today.
Exporting businesses will have the opportunity to take part in a series of free workshops aimed at helping them on their export journey.
The Export Council of Australia, the NSW Government and ANZ are bringing two hours of power to Newcastle on the eCommerce opportunity! Businesses of all
shapes, sizes and locations are using eCommerce to engage customers all over the world. eCommerce strategies are being used increasingly to find new
customers, manage transactions and deliver goods and services to every corner of the globe from wherever you want to be.
Overall, this is positive budget for SME exporters. But it’s an incremental step forward, not a major leap. The government has rightly been a champion of trade and has trumpeted its achievements in signing FTAs, but if you want to grow trade, FTAs are only part of the answer. This budget goes some way to addressing SME exporters’ other needs—but there’s still more to be done.
Efic’s Export Line of Credit gave technology business, Seeing Machines, the ability to deliver 8,000 units of the Guardian driver monitoring system to a Thai-based transport logistics company.
Let me start by saying – not all customers are made equal. What I mean by this is that there are some customers who make exporting a breeze. They’re open and transparent; they pay on time and are responsive. They make consistent orders and in fact have expanded with your business. These guys are great but unfortunately, history tells us that this isn’t always reality.
Australian fruit and vegetable exporters wanting to go global can now access advice on every step of the export journey in a single online guide. Minister for Trade, Tourism and Investment, Steven Ciobo, and the Minister for Agriculture and Water Resources, David Littleproud, launched, ‘Fresh fruit and vegetable export requirements: A guide for Australian business’ a Turnbull Coalition Government initiative ensuring Australia’s horticulture producers have the necessary information to capitalise on the sizeable business opportunities on our doorstep.
Women & Leadership Australia is administering a national initiative to support the development of female leaders across Australia’s international trade sector. The initiative is providing women with grants of between $3,000 and $8,000 to enable participation in a range of leadership development programs.
The Food & Beverage Exporters Forum is a rare opportunity to hear from Senior Buyers from international retailers including Planet Organic UK, Choithrams
UAE, Village Grocer & Ben’s Independent Grocer Malaysia. The panel will share insights and trends about their markets and how to engage with them.
At Efic we work with businesses across a range of industries – from professional services and technology to manufacturing and education and training. During our conversations with these businesses we’ve found that a recurring critical factor for export business success is export relationships and networks.
Australia’s services sector can better access the full potential of our Free Trade Agreements (FTAs), with a recent upgrade to the award-winning (FTA) Portal.
A delegation of more than 60 cyber security industry leaders will put Australian expertise on the global stage in a visit to the United States that will build transnational partnerships to fight cybercrime.
Efic’s Small Business Export Loan helped micro wine business, Evoi Wines, take its Western Australian wines to the Caribbean.
The Export Council of Australia (ECA) interviewed a meat importer that specialised in Australian beef. Meat is one of Australia’s biggest exports to Korea, and Korea is one of Australia’s biggest meat export markets.
Exporting goods and services to countries around the world is a complex game. We know, because here at Coface, Export Council of Australia and FTI Consulting, we're constantly seeing our clients and members run into roadblocks that prevent their businesses from operating as efficiently and profitably as they should. Luckily, many of these obstacles don't need to cause as much of an issue as they currently do.
Brisbane Airport Corporation (BAC) welcomes the announcement of three times weekly Jetstar flights between Brisbane and Uluru commencing 3 August 2018. The new flights operating on Mondays, Wednesdays and Fridays will inject more than 55,000 return seats into the market each year, enhancing Brisbane’s regional reach and providing a convenient gateway for international travellers to Australia’s world renowned Uluru.
Are you a horticulture producer interested in exploring new opportunities to export your product? Are you a cane farmer looking to diversify, expand and discover new opportunities? Come along to this one day forum to gain insight into exporting your produce and the benefits of tapping into the international market.
Australian capability in Food Technologies (FoodTech) will be showcased to global investors visiting the Gold Coast during the Commonwealth Games. As global demand for food grows, particularly in Asia’s expanding middle class, Australian talent can seize on opportunities to differentiate its exports from that of global competitors.
The Australian Women's Leadership Symposiums are a national series of events focused on the experiences of women leaders in the contemporary workforce. Taking place in every state and territory capital between May and August, the Symposiums are an unparalleled gathering of the best and brightest female talent.
Signs of Argentina’s re-emergence as a regional and international player are growing. The Macri Government expects the agricultural sector to be a key driver for economic growth and prosperity and is working in partnership with farm groups to expand production. Argentina is undertaking a raft of reforms to make the sector more competitive, including trade liberalisation and infrastructure investment. The government’s vision is to make Argentina ‘the world’s supermarket’.
Efic’s latest Exporter Sentiment Index shows that business sentiment among Australian SME exporters continues to rise, with five of the six sentiment measures higher than the last wave.
The Export Council of Australia (ECA) is proud to launch the 2018 edition of Australia’s International Business Survey (AIBS). AIBS is a collaboration between the ECA, the Australian Trade and Investment Commission (Austrade), and the Export Finance and Insurance Corporation (Efic).