trade incentives

types of trade incentives

1. grants

2. taxation

3. gov bodies

EMDG

• cash rebates for overseas marketing expenditures

• the government subsidises part of the costs

• to encourage AUS smes to expand and export their product overseas

EMDG criteria x4

• total expenses at least $15,000

• annual income beloe $50m

• can claim up to 50% above first $5000

• maximum of 8 grants

EMDG claimable expenditures

• product promotion

• trade fairs

• overseas representatives

types of taxation

1. TRADEX

2. RDTI

TRADEX

• up front exemptions

• on customs, duty and goods and services tax

• on eligible imports intended for export

TRADEX criteria

• must be exported within 12 months of importation

• may be exported as is

• or incorporated with other gds first

RDTI

• aus gov offsets the cost of eligible R&D activities

• bc innovation will benefit the wider aus economy

RDTI criteria

• pay income tax in aus

• conduct at least one r&d that meets the definition of a core R&D activity

• total expenditure must exceed $20,000

gov bodies

1. AUSTRADE

2. EXPORT FINANCE AUSTRALIA

austrade

• aus trade and investment commission

• international trade promotion and investment agency

what does austrade do

• provides SMEs with market insights and information

• like where to expand to and which country has dmd for your product

• promotes AUS capabilities overseas

• facilitates connections through their extensive global network

EFA

• works in partnerships with banks

• to provide finance and insurance support

• to help aus exporters

efa help aus exporters do what

• overcome financial barriers

• take advantage of commercial export and overseas investment opportunities

efa provide solutions for

aus smes that are exporters

aus companies

• in export supply chains

• looking to expand overseas

• in emerging or frontier markets