The annual Australian International Business Survey (AIBS) has been released. This survey is the product of a collaboration between the University of Technology Sydney, Efic, Austrade and the Export Council of Australia (ECA). It is one of the country’s largest and most in-depth surveys of internationally-active Australian businesses.
The responses of over 1,000 Australian businesses provide important insight into Australia’s international business activity and is an invaluable tool for those in the trade industry.
The results paint a positive picture overall, with many respondents planning expansion into new markets. However, there is clear need for better representation and support for SMEs who trade internationally. This is supported by a Joint Ministerial Statement issued on 13 December 2017 by 87 countries at the WTO Eleventh Ministerial Conference, establishing a WTO informal work programme for MSME (micro, small and medium sized enterprises).
For further reading, Austrade have produced several articles on the report which can be accessed here.
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