By Peter Langley, Vice President, FedEx Express Australasia
Small to medium-sized enterprises (SMEs) are the backbone of the Australian economy with its contribution to the nation’s GDP of 57 per cent and accounting
for 67 per cent of total employment in Australia. We are increasingly seeing the business landscape changing for the benefit of SMEs, from policy recommendations
that improve cashflow for SMEs, to free-trade agreements for the benefit of bilateral trade on all scales.
However, local businesses are also experiencing an increasing amount of pressure to go further afield. Even though cross-border trade has a positive impact to revenue, we are finding that only 75 per cent of Australian SMEs are currently exporting goods compared to 91 per cent importing.