Doing Business in Australia
Welcome to the Export to Group team in Melbourne . We are here to make your business efforts in Australia a success.
Australia has proven to be an appealing and profitable market for overseas companies for many years. It offers very few barriers to entry, a logical legal and corporate framework, and a sophisticated – yet straightforward business culture. While it is important to understand and appreciate Australia’s cultural differences, the long and successful history of international trade with Australia suggests that other whatever your product or service, other companies will also find this market to be rewarding and attractive. Stay ahead of the competition, take a look at the services we offer and tell us what you need us to do to help you succeed in the Australian market.
Export to Australia - a few facts and figures
Australia offers businesses access to over 23 million people, while being the 12th largest economy in the world. With a GDP worth over US$1.54 trillion, the Australian market is a natural choice for ambitious firms interested in international partnerships and opportunities. With the help of the Export to Group companies trading with Australia also enjoy an accessible business environment underpinned by a familiar language, culture, rule of law and government processes in place. Furthermore, Australia is a gateway to the Asia-Pacific region, a region that provides access to a further 4.2 billion people and home to 61 per cent of the world’s population, including seven of the world’s top ten most populous countries.
Australia is a wealthy country; it generates its income from various sources including mining-related exports, telecommunications, banking and manufacturing. It has a market economy, a relatively high GDP per capita, and a relatively low rate of poverty. In terms of average wealth, Australia ranked second in the world after Switzerland in 2013. It was identified by the Credit Suisse Research Institute as the nation with the highest median wealth in the world and the second-highest average wealth per adult in 2013.
Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control.
Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
Export to Australia
Level 5, 11 Queens Road, Melbourne, VIC 3004