Week 7: Austrade

Question 1

What is Austrade?

Answer 1

• Australia’s trade, investment and education promotion agency
• Established under the Australian Trade Commission Act 1985
• Has a network of office in 50+ countries

Question 2

Aims:

Answer 2

• Assist Australian companies grow their international business
• Attract productive FDI into Australia
• Promote Australia’s education sector internationally

Question 3

Services Provided for Australian Companies

Answer 3

• Info / advice on doing business in international markets
• Help with international market selection
• Identification of relevant international contacts
• Assistance with market entry / expansion
• Identification / follow up of specific international business opportunities

Question 4

Services Provided for International Investors

Answer 4

• Initial coordination of investment enquiries / assistance
• Info on Australian business / regulatory environment
• Market intelligence / investment opportunities
• Identification of suitable investment locations / partners in Australia
• Advice on Australia government programs and approval processes

Question 5

What is EMDG?

Answer 5

• Australian governments financial assistance program for aspiring / current exporters
• Supports SMEs in developing their export markets by reimbursing up to 50% on eligible export promotion

Question 6

Eligibility for EMDG

Answer 6

• Income of

Question 7

Eligible Export Promotional Expenses

Answer 7

1. Overseas representatives
2. Marketing consultants
3. Market visits
4. Communications
5. Free samples
6. Trade fairs, seminars and in-store promotions
7. Promotional literature and advertising
8. Overseas buyer
9. Registration and/or insurance of eligible intellectual property