Australian SME | Despite being one of the most attractive export markets in Asia Pacific, Australia isn’t always the easiest place to do business. When it comes to cross-border trade, the country ranked 91st out of 190 countries in the World Bank’s Ease of Doing Business report for 2017 – well below other regional powerhouses like Singapore, Hong Kong, and Japan. To succeed in Australia, goods-based businesses need a solid understanding of how its numerous customs and trading rules apply to them.
“The best bet for most Australian businesses, particularly SMEs, is to work with a logistics provider who can handle the heavier complexities of the customs clearance process on their behalf,” says Ben Somerville, DHL Express’ Senior Manager of Customs & Regulatory Affairs for Oceania. “With a little effort though, anyone can learn enough of the basics to take their cross-border operations to the next level.” Here are five quick lessons to get any business started: