Confidence Rises for Aussie Exporters
The Minister for Trade, Tourism and Investment Steven Ciobo announced on Monday a survey of Australia’s small to medium exporters reveals confidence is 10 percentage points higher compared to this time last year.
The Exporter Sentiment Index, shows strong confidence among Australian SME exporters with five of the six measures higher than the last survey in 2017.
The Exporter Sentiment Index also reveals 60 per cent of SME exporters expect profits to be higher in the next 12 months and many are exploring opportunities to expand internationally.
The Minister said “Adding to the suite of trade agreements the Coalition has delivered, last week I signed the TPP-11.
The TPP-11 will eliminate more than 98 per cent of tariffs in a trade zone with a GDP of $13.7 trillion that’s pans the Americas and Asia”.
The Exporter Sentiment Index, by Efic, is available online.