Australia’s economy has famously avoided recession for the last 25 years, navigating the global financial crisis more successfully than most. While economic conditions are now more challenging, strong cultural and institutional ties mean Australia remains an excellent place for British companies to do business.
Australia is a strong proponent of trade liberalisation. It has ten free trade agreements (FTAs) in place: with China, Japan, Korea, USA, New Zealand, Singapore, Thailand, Chile, Malaysia and the Association of South East Asian Nations (ASEAN). It is also pursuing agreements with the EU, India and Indonesia and is also one of the 12 members of the Trans-Pacific Partnership.
Trade and investment patterns between Australia remain strong and are growing. The UK is the 2nd largest foreign investor in Australia after the US, with stock worth almost A$500 billion.
Australia is the UK’s 15th biggest export market, ahead of Canada and Russia. The leading UK goods exports to Australia are motor vehicles, pharmaceuticals, machinery & equipment, scientific instruments, clothing and beverages. Services exports account for more than half of total exports to Australia and are led by travel and transportation, financial, and professional /other business services.
About the guide
This guide aims to provide a route map of the way ahead, together with signposts to other sources of help.
The main objective of this Doing Business in Australia Guide is to provide you with basic knowledge about Australia; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade team (formerly UKTI) in Australia. Full contact details are available in this guide.
To help your business succeed in Australia we have carefully selected a variety of essential service providers as ‘Market Experts’ Click Here
The guide is available in 4 formats:
a ‘free’ downloadable 'mobile device-friendly’ app – available from the iTunes App Store and Google Play store
a full colour hard-copy brochure (to order your copy please Click Here)
PDF download / e-flipbook (scroll down to see the download information below)
An Introduction to the Institute of Export & International Trade
Established in 1935, the Institute of Export & International Trade is the professional membership body representing and supporting the interests of everyone involved in importing, exporting and international trade. Offering a unique range of individual and business membership benefits and a world renowned suite of qualifications and training, the Institute is the leading authority in best practice and competence for businesses trading globally.
To view other videos, please visit the IOE&IT YouTube Channel.
For more information visit: www.export.org.uk
Doing Business in Australia Guide Market Experts - Please click on the logos below to view our Market Expert profiles and to find out how they can help you to succeed in Australia!
Download the 'Doing Business in Australia Guide' as an e-Flipbook or a PDF
Download the FREE Mobile-App!
Simply search 'Doing Business Guides'