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Australian Trade Challenges and the Future of Trade
Manage episode 359133010 series 3385616
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In this episode, we welcome David Lawson, Assistant General Manager of Export Supply Chain Services at Austrade.
Global trade can be challenging, especially for small and medium-sized enterprises. Luckily, the Australian Trade and Investment Commission (Austrade) is here to help.
During the podcast, Tejas and David discuss Austrade's offshore network and how the commission assists Australian exporters in penetrating foreign markets. Some key highlights from the episode include:
- How Austrade provides a comprehensive range of support to Australian exporters, including assistance with financial resources, travel and meetings with customers, production needs, marketing pushes, and export contacts.
- How Austrade helps remove impediments to trade flow and clears samples from airports.
- During the COVID-19 pandemic, how Austrade assisted multiple manufacturers to get their product into the US by working with teams in Washington and Chicago to understand specifications.
- The year 2020 was challenging for Australian exporters due to disruptions caused by bushfires, the pandemic, and geopolitical tensions, leading to a decrease in exports from 475 billion to 250 billion. Despite these challenges, Australian exporters have remained resilient and are on track to set another record by the end of this financial year.
- How Austrade works closely with industry associations to promote Australian exports and investment throughout the world, resulting in successful export categories such as fuel, minerals, meat, dairy, horticulture, grains, seafood, wine, nuts, wool, and cotton.
- The ways Austrade provides support to Australian companies through locally engaged staff and trade commissioners in their key markets.
David Lawson leads a team of experts at Austrade to provide support and assistance to exporters in diversifying international markets, prepositioning inventory, and maximizing benefits of trade agreements like USFDA, EUFDA, and Hector (India-Australia). Exporters can receive assistance by calling Austrade's hotline at 132 878 or visiting austrade.gov.au for sector/country-specific information.
Don't miss out on this insightful podcast episode! Tune in now to discover how Austrade helps Australian exporters overcome the tyranny of distance and expand their reach in the global market.
🚀 For helpful resources on international trade management, visit https://www.impexdocs.com.au
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