Australia-UK FTA provides businesses a pathway to address skills gaps
Export Finance Australia hosts the 28th Asian Exim Banks Forum
From 20 to 23 November 2023, Australia’s export credit agency, Export
Delegates also heard from the Minister for Trade and Tourism, Don Farrell, on lifting investment to address contemporary strategic challenges. AEBF provided a unique opportunity for Export Finance Australia to demonstrate its commitment to working with partners across the region through its mandates. They include: • overseas infrastructure development that delivers benefits to Australia, with major projects financed in renewable energy, telecommunications and electric vehicles; • critical minerals, with approvals in place for over $1.6 billion in projects that will support the global energy transition; and • small and medium-sized enterprises (SMEs), with Export Finance Australia supporting SMEs to take on global opportunities and grow through direct support and partnerships with other lenders, including major Australian banks.
Export Finance Australia’s relationships with its international counterparts mean it can identify new ways to support exporters, crowd in international finance to support Australian projects, and identify new financing opportunities overseas in sectors such as infrastructure. These relationships will grow further through the Australian Government’s new investment deal teams, which will soon see Export Finance Australia employees located in Southeast Asia to explore and accelerate investment opportunities in clean energy, infrastructure and other important capital projects involving Australian companies in the region. More information on Export Finance Australia can be found at: exportfinance.gov.au
Finance Australia, hosted the annual Asian Exim Banks
Forum (AEBF). AEBF brings together some of the region’s largest government-owned export credit agencies (ECAs) which account
The Australia-UK Free Trade Agreement (A-UKFTA) is creating new opportunities for professionals from the UK to live and work in Australia. The Innovation and Early Careers Skills Exchange Pilot (IECSEP) is a key mobility initiative that will strengthen business ties through the movement of UK professionals to Australia.
for approximately AUD 400 billion in
financing provided every year, supporting regional trade and investment. International delegates across 14 ECAs met in Sydney to discuss the latest trends in export finance. Alongside the annual meeting, Export Finance Australia also brought together delegates, government, and industry leaders to discuss global challenges such as the energy transition and data and artificial intelligence in financial services.
IECSEP provides two new streamlined visa pathways for eligible UK citizens to build international skills and networks while living and working in Australia. Under the Early Careers stream, tertiary-qualified applicants aged 21 to 45 can work for an Australian employer for up to one year. This is a great opportunity for Australian businesses to access UK professionals, through graduate rotations, intra-corporate transfers, and secondment opportunities. Under the Innovation stream, highly experienced and skilled UK citizens with demonstrated contributions to innovation can live and work in Australia for up to three years. This pathway has no age limitation and provides a longer timeframe for skilled innovators to deliver projects and develop commercial opportunities for their Australian employers. Both streams are also open to UK citizens starting new roles in Australia, as well as UK citizens who are currently working in Australia and can meet the participation criteria. If you want to know more or want to apply, visit dfat.gov.au/aukfta
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business envoy
Department of Foreign Affairs and Trade
Department of Foreign Affairs and Trade
business envoy
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