What you need to know about Free Trade Agreements and Export Loans

You probably have heard a lot in the press lately about Australia’s Free Trade Agreements (FTA) with China, Japan and South Korea but find yourself wondering how you can leverage them to benefit your business.

You need to familiarise yourself with the FTA Portal.

https://ftaportal.dfat.gov.au

Many Small to Medium Enterprises (SME’s) are looking to export but are uncertain about how to go about it and whether they are price competitive.

 

Taking advantage of the competitive benefits offered

The FTA Portal provides free and accurate information on tariffs and trade data so SMEs can easily assess if and how they can take advantage of the competitive benefits offered by the FTAs.

Covering a wide range of industries, the FTA Portal displays the right information for the right product through a quick and easy search.

 

Accessing small working loans to fund exports

To complement the growth potential for businesses presented by the FTAs, SMEs can now also access fast, online capital loans to fund exports.

The Small Business Export Loan will allow SMEs with an annual turnover of up to $5 million to apply for small working loans, with successful applications to be approved and processed within seven business days.

 

An opportunity to compete on a world stage!

So if you’ve identified an opportunity for growth in your business through exports but are unable to provide the tangible security required by many of the banks, the Small Business Export Loan will make it easier for you to access finance and compete on a world stage.

The loans are available through EFIC, Australia’s export credit agency.

You can find more information at their website http://www.efic.gov.au/

 

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