Export & Trade

It is critical to the future success of Queensland’s economy that small and medium businesses are optimally placed to access global markets.

As Australia’s domestic consumer market is relatively small, the overwhelming benefits of accessing a larger customer base in the global economy are clear. Despite this, small businesses face unique barriers when seeking out global opportunities.

Those challenges can be logistical, such as getting product to market from relative geographical isolation or can be domestic barriers that impact the overall competitiveness of our local small businesses in the global marketplace. For Queensland business to penetrate and exploit international markets, business calls on government to develop a multi-pronged approach to policy development that is tailored to small business needs. 

 

Recommendations  

  • Ensure strategic bi-lateral trade partnerships are effectively pursued, with investment in trade representation in overseas nations whose economies require Queensland business. This includes China, Japan, the United States and the Middle East.

  • Work with the Federal Government to ensure small businesses are afforded every opportunity to capitalize on Australia’s existing and future free trade agreements.

  • Support government trade missions to maintain Queensland’s reputation as a high-quality producer of goods and services and further promote the capabilities of Queensland small businesses to overseas markets.

  • Facilitate greater linkages between Queensland businesses and their overseas partners and achieve better harmonies between business and government in attracting investment to Queensland. 

  • Improve connectivity across a broad range of channels including integrated infrastructure planning of ports, roads, and rail, improved communications infrastructure to ensure digital access to market.

  • Achieve greater linkages between business and government when seeking out market opportunities overseas through the implementation of a local and state chamber network to act as the conduit between business and government.

  • Better education for small businesses looking to export to reduce the apprehension associated with entering new markets.

  • Create better symbiosis between Trade and Investment Queensland (TIQ), other Queensland government small and medium business programs and industry groups to ensure that:

    • The different packages and workshops offered by TIQ reach small and medium businesses. An example would be rolling out QIT’s Business Growth Essentials with industry groups to get as much exposure and participation as possible. As this program assists businesses with being market ready, it is a crucial program with huge benefits to business that should be able to gain momentum if partnered correctly
    • There is not overlapping of funding