Doing Business In - Australia
Markets
Australia has enjoyed 17 consecutive years of economic growth since 1992—averaging 3.3 per cent a year. This has been one of the most stable and productive periods in Australia’s recent history, placing the country in the top tier of developed countries in terms of sustained growth.
Australia has a sound and practical structure of financial regulations and institutions that provides certainty for business and is open to investment without undue delay. There is a strong, transparent corporate governance system along with business-oriented corporate regulation and insolvency regimes.
Australia’s low barriers to trade and investment and strong competition policies, have been central to the economy’s continuing success. Major export sectors include minerals and fuels—particularly coal and iron ore—manufactured goods, and agricultural / fisheries products. While advanced manufactured items account for about 60 per cent of Australia’s total manufactured exports, Australia has also developed a competitive edge in high technology exports, such as medical and scientific equipment.
Australia still remains a significant exporter of agricultural products and is one of the world's leading producers of cattle, exporting more than 65 per cent of its total beef production. Other significant agricultural exports include cotton, dairy, grain, wool, wine and seafood. Major trading partners include China, Japan, Republic of Korea, India, United States, Thailand and Singapore.
Australia has a sound and practical structure of financial regulations and institutions that provides certainty for business and is open to investment without undue delay. There is a strong, transparent corporate governance system along with business-oriented corporate regulation and insolvency regimes.
Australia’s low barriers to trade and investment and strong competition policies, have been central to the economy’s continuing success. Major export sectors include minerals and fuels—particularly coal and iron ore—manufactured goods, and agricultural / fisheries products. While advanced manufactured items account for about 60 per cent of Australia’s total manufactured exports, Australia has also developed a competitive edge in high technology exports, such as medical and scientific equipment.
Australia still remains a significant exporter of agricultural products and is one of the world's leading producers of cattle, exporting more than 65 per cent of its total beef production. Other significant agricultural exports include cotton, dairy, grain, wool, wine and seafood. Major trading partners include China, Japan, Republic of Korea, India, United States, Thailand and Singapore.