What makes Australia tick and where are the cross-border trading opportunities for SMEs and entrepreneurs in the world’s 13th largest economy? Here’s our quick guide to help you start importing and exporting.
Australia has one of the strongest, most competitive and open economies in the world. On average the Asia-Pacific’s fifth largest economy has grown by about 3.3% per annum since 1990. Inflation rates have been stable in the 6 years from 2012–2017, averaging 1.9% and the current unemployment rate stands at 5.6%. This all contributes to an enviable standard of living, but what about doing business there? Understanding the business culture and landscape is a good place to start.