Introduction from the Consul General and Director General, Department for International Trade, Australia and New Zealand, Nick McInnes
I am pleased to introduce you to this guide to doing business in Australia. It is a very good time to be looking at Australia given the country’s strong economic fundamentals and the enthusiasm of both the UK and Australia for strengthening commercial ties post-Brexit.
Australia has been one of the best performing economies in the developed world with 25 years of uninterrupted growth. Its economic success reflects its sound fiscal management, strong population growth, an abundance of natural resources and close ties to fast-growing Asian markets. It has become the fifth largest economy in the Asia-Pacific region, and the 12th largest economy in the world.
Australia’s attractions for UK companies include the strength of its domestic market, the open and transparent nature of its business environment and the fact that it can be a base for many companies for the Asian market. It consistently achieves a high global ranking for the ease of setting up and doing business.
Over 1000 UK companies are already successfully doing business in Australia each day including well-known companies like BP, HSBC, GSK and British Airways as well as hundreds of small and medium sized companies. It’s the UK’s 14th largest export market worth £8.3 billion in 2015 which puts it ahead of India, Russia and Canada.
Export opportunities for British companies cover a range of sectors including financial services, infrastructure, automotive, consumer and retail, defence, the digital economy, food and drink, pharma and life sciences. The growth in opportunities in the digital tech space in recent years reflects the increasingly modern partnership that exists between the UK and Australia.
The UK’s Department for International Trade is here to help UK exporters identify these opportunities and develop new business through our extensive network of specialists in the UK and our team of trade advisers operating out of our British High Commission and Consulates in Australia.
I hope this guide provides you with useful insights into the opportunities and advantages of Australia as an export market for your business. My team and I would be delighted to support you doing business in Australia. You can find our details at www.gov.uk/world/australia.
Consul General and Director General, Department for International Trade, Australia and New Zealand
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