iadvisory | inews: Grow your business by exploring opportunities in Australia

International Enterprise (IE) Singapore’s North Asia & Pacific Division offers tips and insights.

The global economic downturn has impacted Australia significantly. Gross domestic product is expected to drop to 1.2 percent this year from 2.1 percent in 2008. Australia’s export volume is also likely to drop, as the country’s top export partners, Japan and China are also experiencing a slowdown in their growth. This has reduced the demand for raw materials resulting in a weakening of prices.

Despite the current climate, Australia is seen to be in a relatively better position than most other countries due to the flexibility of the government in its policy reforms and the stability of its financial system.

With rich resources, multi-lingual workforce and excellent product innovation, Australia holds numerous opportunities for foreign investors, especially in sectors such as food and beverage, information and communication technology (ICT), real estate, environment and infrastructure.

For more information and case studies, visit http://www.iadvisory.com.sg/upload/market_13may09.html.