The resources boom may be over, but Australia now has three other sectors ready to take up the slack.
Australian SME businesses exporting to or participating in projects in India can look forward to greater support in their overseas activities, following a new agreement between Australia’s export credit agency EFIC and the State Bank of India.
Australian exporters are feeling positive, with 95 per cent of SME exporters expecting their overseas sales to remain the same or grow in the next 12 months.
Australian exporters will benefit from a boost in funding to The Export Finance and Insurance Corporation and the Export Market Development Grants scheme announced in the federal budget.
The National Commission of Audit’s recommendations to eliminate government assistance for exporters, would be “insane” say industry leaders.
Despite a number of challenges in the current economic climate, Australian SMEs are predicting a bright future for exports.
Australia’s major commodity exports took a tumble on fears of growing defaults among highly geared Chinese companies and further signs of economic slowdown.
Australian exporters remain optimistic about the future, despite a sluggish world economy and a stubbornly high dollar, a major industry survey has found.
While conditions in Australia’s manufacturing industry remain challenging, there are some great opportunities for companies to grow and expand overseas.
Aussie SME exporters’ confidence is on the rise, according to new research from the Export Finance and Insurance Corporation (EFIC).