Diversifying Trade Enriching Australian Companies: Trade Minister

Diversifying Trade Enriching Australian Companies: Trade Minister
Cargo containers are stacked at Yantian port in Shenzhen in China's southern Guangdong Province on June 21, 2021. STR/AFP via Getty Images
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Just over forty percent of Australian exporters who have diversified their trade markets are doing better financially than they were a year ago, a study has found.

Australia’s International Business Survey 2021 (pdf), found that although 87 percent of exporters thought the business environment was more challenging, forty-three percent of them that had diversified to other markets found that they were financially better off than a year ago. This accounted for only 21 percent of all respondents.
Victoria Kelly-Clark
Author
Victoria Kelly-Clark is an Australian based reporter who focuses on national politics and the geopolitical environment in the Asia-pacific region, the Middle East and Central Asia.
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