
Country Risk Quarterly
Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.
Read the latest Government of Canada travel advisory for this market.
After almost three decades of continuous economic expansion, Australia experienced its first official and brief recession in 2020, due to the COVID-19 pandemic. The country’s economy is bouncing back—although overshadowed by the ongoing global inflation—and continues to offer tremendous opportunity for Canadian companies in a variety of sectors. Openness to global trade and investment is firmly entrenched and is supported by a transparent business environment and well-established legal and regulatory regimes. Australia has strong economic ties with emerging and developed economies throughout the region, always looking to sign new trade agreements with key Asian partners. The country has been actively engaged in regional forums such as the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN). They’re also a Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member together with Canada. Canadian companies should look to leverage these trade agreements or explore partnerships with Australian firms to capitalize on the abundant opportunities available in neighbouring markets. Export Development Canada (EDC) serves Canadian companies in Australia through our local representation in Sydney.
Australia is a strategic gateway to Asia-Pacific for Canadian exporters
Given the significant time difference between Canada and Australia, it is important to provide on-the-ground support to customers, especially in case of an emergency. Consider using a partner in the market to help.
Article August 24, 2023 There are four billion reasons why Canadian food companies should expand to this growing region.
Article January 20, 2023 Canadian companies could benefit from massive energy transition
Article April 08, 2021 Australia is a strategic gateway to Asia-Pacific for Canadian exporters
Article August 18, 2020 Ecopia is a Toronto-based tech company that uses artificial intelligence to make maps of the world.
Blog April 03, 2020 EDC’s Teresa Nizzola gives an inside look at the impacts of COVID-19 on Australia
Blog May 21, 2019 Canada enjoys a long-standing economic relationship with Australia. Bilateral trade is close to $7 billion, split almost evenly between goods and services.
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