Australian High Commission
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Singapore rated the easiest market for Australians to do business with

Singapore rated the easiest market for Australians to do business with

Thursday 27 March 2014

Australia's International Business Survey 2014 shows how important Singapore is to Australian businesses, including that Singapore is rated as the easiest market in which to do business with.

The survey was commissioned by the Export Council of Australia (ECA) with the support of Austrade and EFIC (Export Finance and Insurance Corporation) and was conducted by the University of Sydney between October and December last year.

Highlights of the survey, pertinent to Singapore, include:

  • Singapore is rated as the easiest market in which to do business, among the top 10 most important markets for respondents.
  • Singapore is ranked sixth on the list of countries Australian companies earn most of their revenue from (behind USA, China, New Zealand, UK and Japan), and first among ASEAN countries.
  • Singapore is the second-most important market for Australian food and beverage manufacturers (behind China).
  • Singapore ranks 11th among the top 20 overseas markets to be targeted in the next two years

Visit http://www.austrade.gov.au/about-austrade/news/latest-from-austrade/2014/australias-international-business-survey-2014 to download the Highlights Report, which provides a detailed overview of the results, and also the complete Survey Report.