If you've heard a lot about Australia's free trade agreements with China, Japan and South Korea but find yourself wondering how you can leverage them to benefit your business; you'll want to take a look at the Coalition's new FTA Portal.
Securing free trade agreements with our top three export markets was a huge win for Australian businesses, but we know it's equally as important to give small and medium businesses the tools to take advantage of them.
Many Gold Coast businesses are looking to export but are uncertain about how to go about it and whether they're price competitive.
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 on the Gold Coast, the FTA Portal displays the right information for the right product through a quick and easy search.
In recognition of 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.
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 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/. If we equip our city's SMEs with the tools and knowledge to capitalise on opportunities presented by the FTAs, we will deliver economic growth and create new jobs for the Gold Coast.
This is and will remain the Coalition's priority.
Steve Ciobo is the Minister for Trade and Investment.
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