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Add to Preferred SourcesAustralian exporters are expecting to employ more workers, are predicting better financial positions and anticipating access to more markets, according to the results of the latest Australian International Business Survey (AIBS).
Minister for Trade, Tourism and Investment Simon Birmingham said the report indicated Australian exporters had strong confidence in their ability to grow and expand into new markets.
“Looking into the future, 45 per cent of businesses expect to move into at least four new international markets over the next two years,” Minister Birmingham said, “which is an incredible level of ambition and potential growth.
“66 per cent indicated they expected to have a better financial outlook for their operations than the previous two years and 75 per cent plan to increase employee numbers in Australia in that same timeframe.
“These are good indicators of the strong economic climate Australian businesses are experiencing under our Liberal-National Government, thanks in part to our new trade deals that are opening up additional markets and lower taxes that encourage more business investment.”
Minister Birmingham also said Australian businesses were experiencing greater certainty and reacting positively to the opportunities from a more open trade environment.
“Out of the top 20 countries where businesses were looking to expand into, Australia currently has in place or is negotiating a bilateral or multilateral free trade agreement with up to 18 of them, including six within the TPP-11.” Minister Birmingham said.
Original source: DFAT
Published on 4 October 2018