Promoting your product overseas is a costly exercise, however you may be eligible for assistance to help with the cost of developing your new overseas markets.
Financial assistance available from the federal government includes:
- Austrade - helps businesses of all sizes and across all sectors to suceed in international trade and investment.
- Export Concessions: Duty Drawback - this is designed to assist exporters to obtain a refund of Customs Duty paid on imported goods that are subsequently exported.
- Tradex - this is an alternative to Duty Drawbacks. Tradex provides a cashflow benefit where the importer of goods intended for export does not have to pay the relevant Customs Duty or GST at the time of import.
- Export Market Development Grant - you may be eligible to be reimbursed for some expenses incurred in promoting your export.
- Women in Export - this program seeks to support and advance the involvement of women achieving international business success.
- Export Finance and Insurance Corporation (EFIC) - helps you obtain finance through EFIC Headway . If you do not have sufficient security to obtain additional bank finance, EFIC can provide a guarantee to your bank, which then provides the necessary funds for your export. For more information about EFIC Headway and other EFIC services, check the EFIC website or call 1800 887 588.
State and territory governments also have financial assistance schemes for exporters.
