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27.04.04
While exporting can be very worthwhile, you need to be aware of some extra risks that you may face when exporting. Some of these risks can include:
Political risk: Some countries are politically insecure, which can result in defaults on payments, exchange transfer blockages, nationalisation or confiscation of property, not only from companies with the country but also from the country itself. Furthermore, the risk to your personal safety may be high in some countries. Please check www.dfat.gov.au for any travel warnings before going overseas.
Legal risk: The law in countries overseas is always different to the laws in Australia. It is very important to be aware of the laws of the countries you wish to deal with. Austrade’s overseas offices will normally be able to help you get the assistance you need in these areas.
Corruption: Corruption is illegal in most countries however may be acceptable within the local culture.
Culture: Make sure you are aware of the countries cultural norms and make sure that you do nothing to offend them.
Credit: When you dont know much about the country you are dealing while, make sure that you deal only with secure payment methods such as irrevocable letters of credit or TT's. This will help protect you for any payment defaults.
Quarantine compliance: Like Australia all countries have some form of quarantine requirements and need to ensure they are enforced. Make sure you check out www.aqis.gov.au for information on quarantine before sending goods overseas.
For more information:
Austrade's website - www.austrade.gov.auThe Australian Trade Commission (Austrade) is the Federal Government agency that helps Australian companies win overseas business for their products and services by reducing the time, cost and risk involved in selecting, entering and developing international markets. Austrade is represented in 105 locations in 58 countries including an extensive domestic network throughout Australia. Austrade offers practical advice, market intelligence and ongoing support (including financial) to Australian businesses looking to develop international markets. Austrade also provides advice and guidance on overseas investment and joint venture opportunities, and helps put Australian businesses in contact with potential overseas investors. |
