AUSSIE exporters’ confidence is on the rise, according to the latest Exporter Sentiment Index.
The Index is compiled by Efic (Finance for Australian Exporters) on a bi-annual basis, tracking sentiment indicators among Australian small and medium-sized exporters.
Trade minister Steven Ciobo said all key indicators had lifted significantly since the last survey in February 2017.
“More than half of small business exporters surveyed (57%) believe that they are in a better financial position than 12 months ago – an increase of six percentage points and close to two thirds (63%) are confident that they will be in a better financial position in the next 12 months,” Mr Ciobo said.
“The increased confidence among Australia’s small business exporters should create new jobs, with nearly half (49%) of respondents expecting to increase their staff numbers over the next 12 months.”
Since 2013, the Australian government has concluded new free trade agreements with China, Japan, South Korea, Singapore and many Pacific Island nations through the PACER Plus Agreement.
“Recently I launched free trade agreement (FTA) negotiations with Pacific Alliance (Mexico, Colombia, Chile and Peru), Hong Kong and Peru and I am working towards launch of FTA negotiations with the European Union,” Mr Ciobo said.
“Meanwhile momentum continues to build for Australia to conclude an agreement with Indonesia after I re-launched negotiations in 2016.”