Export Market Development Grant

This is an Australian Federal Government Grant to help Australian businesses with their marketing and business development overseas.

The EMDG scheme:

  • encourages small- and medium-sized Australian businesses to develop export markets
  • reimburses up to 50 per cent of eligible export promotion expenses above $5,000 provided that the total expenses are at least $15,000
  • provides up to eight grants to each eligible applicant.

WHO CAN APPLY?

An Australian individual, partnership, company, association, cooperative or statutory corporation that has:

  • carried on business in Australia
  • promoted the export of goods
  • promoted the delivery of services outside Australia
  • promoted certain services in Australia to non-residents
  • promoted inbound tourism
  • promoted the export of intellectual property and know-how outside Australia
  • an income of less than $50 million for the year
  • spent at least $15,000 on eligible export promotional activities.
    A trustee may also apply on behalf of a trust.

WHAT CAN BE CLAIMED?

  • overseas representation expenses
  • marketing consultant expenses (including those of Asia Advisory)
  • marketing visits expenses
  • free samples expenses
  • trade fairs, seminars, in-store promotions expenses
  • promotional literature and advertising expenses
  • overseas buyers expenses
  • registration and/or insurance of eligible intellectual property expenses.

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WHAT DO YOU GET?

  • up to 50 per cent reimbursement of eligible expenses, less the first $5,000
  • each applicant may receive a grant of up to $150,000 per application, to a maximum of eight annual grants
  • grants are regarded as assessable for income tax purposes
  • the Australian Taxation Office has confirmed that GST will not apply to EMDG grants.

WHAT CANNOT BE CLAIMED? Expenses that:

  • relate to trade with New Zealand and North Korea, and with Iran up to and including 17 January 2016
  • are of a capital nature
  • relate to sales or product development
  • are fraudulent, unsubstantiated or related to an illegal activity. The GST component of incurred expenses cannot be claimed under EMDG.

HOW TO APPLY

To find out more about the application process, go to austrade.gov.au/Export/Export-Grants and select ‘Apply’. From this page you can also make sure your business is eligible to apply by reviewing the EMDG eligibility check list. You can contact Austrade on 13 28 78 at any time to clarify your eligibility.

Asia Advisory recommends to use specialist accountants to complete your claim. Our preferred accountant is:

Daniel Ronai, EMDG Consultant

Ronai Services

https://www.linkedin.com/in/danielronai/

Vietnam is ready for the fight!!

Vietnam is ready for the opportunity!!

With an export economy which is double the size of its GDP, Vietnam was ranked No. 1 among seven emerging Asian countries as manufacturing destinations by Natixis, which looked at demographics, wages and electricity costs, rankings in doing business and logistics, and manufacturing as a share of total foreign direct investment.

A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the U.S.-China trade war.

Many companies are moving their Asian manufacturing to Vietnam, including Samsung Electronics which accounts for one-fifth of the country’s exports. Vietnam’s profile is also benefiting from increased global attention with the next Trump & Kim meeting to be hosted in Ho Chi Min City.

Bloomberg Davos Australian Trade and Investment Commission (Austrade)Haymarket HQA

#vietnam

#tradewar #Manufacturing #China #USA #FreeTrade #TPP #davos19  #exports#asia #startups

https://www.linkedin.com/feed/update/urn:li:activity:6493946861861339136

https://www.bloomberg.com/news/articles/2019-01-20/vietnam-makes-pitch-as-an-investor-safe-haven-in-trade-war

Australia joins TPP

aus-trade-investment-tpp-11-slider

Australia stands divided, unsure of whether to continue close ties with the USA and risk the loss of its largest trading power China or to continue to tow the line of Nationalism with the US. As part of a recent forum we participated in at the hashtag#AKBC2018 we are encouraged to look beyond bi-lateral relationships and consider multi-lateral partnerships. The TPP still has significant advantages for Australia, even without the US participation. We are pleased to hear Australia has joined the TPP and will step up to support our role in the APAC Region. This will help support $5.7Bn in Travel revenue (excl Education) and $4.1Bn in Education related Travel for Australia.

#TPP #australia #export #globaltrade #marketaccess #investment

https://www.linkedin.com/feed/update/urn:li:activity:6463939540787785728