Efic Amendment Bill 2016—2017 Inquiry
The Export Council of Australia (ECA) strongly supports amending the Efic Act to allow Efic to lend to Australian businesses engaged in export trade. This
amendment is not about supporting businesses to manufacture offshore. It is about allowing Efic to lend to a far wider range of Australian businesses,
including those with (or looking to establish) international sales and service offices, and those selling directly to consumers.
Foreign sales and service offices are becoming essential for SMEs involved in services, high-end manufacturing and/or technology. Selling directly to foreign consumers is also becoming increasingly important for Australia. Small businesses in particular need to scale-up to directly access overseas consumers via e-commerce, or benefit from the increase in tourism resulting from the growth of the Asian middle class.
Broadening its ability to lend will allow Efic’s product offering to be more in line with the needs of Australian exporters, and will support Australian jobs.
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Group Managing Director, doq®
Member of the ECA
"Our mission is to connect Australia and Japan – by using our local knowledge to service clients in the Asia Pacific region that we can grow with. This
allows us to develop cross-cultural marketing solutions that are mutually beneficial, both for our Australian and international partners. Being a part
of the ECA has been an important asset to our growth; setting a high bar to reach for, providing a valuable network, introducing us to new leads and
informing us of changing trends. We look forward to continuing to be the specialists in anything Japan-related and are proud to be associated with
Thomas Global Systems designs, produces and supports innovative electronic systems solutions for aerospace and defence applications. Since 1956, they have built a global, industry-leading reputation for practical innovation and dependability. Working together as a Partner of Choice, they deliver expertise in mission systems, flight deck avionics, training & simulation and display technology supported by dedicated service and support teams operating around the world.