Local Businesses in the Land Down Under now has a shot in a new marketplace — and it’s outside the country! But in order for this to happen, businesses in Victoria will receive state government support in order to have a shot in penetrating the Chinese market and is made possible through a new partnership with Australia Post. The said partnership, along with Australian Post’s joint venture with China Post, or Sai Cheng Logistics International, will help speed up the access of Victorian business in the Chinese market.
“We are delighted to partner with the Victorian Government and strengthen our longstanding commitment to help small and medium-sized business grow and access new markets,” said Australia Post Executive General Manager International Services Andrew Parker.
“We look forward to working with other states and territories to help more Australian businesses enter the world’s biggest e-commerce market.”
This follows the Victorian Government signing a memorandum of understanding with Australia Post in March 2016, which is focused on strengthening e-commerce trade with China. In numbers, China has reached US$499 billion in retail transactions in 2017, making it the world’s largest e-commerce market. This move also provides opportunities for local businesses to export their products and open up new jobs.
“This partnership will give Victorian businesses first-mover advantage as they tap into the opportunities of the Asian e-commerce market — that’s good for the economy, good for jobs and good for Victoria,” said Minister for Trade and Investment Philip Dalidakis.
Sai Cheng Logistics International will be providing Victorian businesses with special rates on its range of supply chain solutions, which includes product registration. These benefits are seen to help the businesses have a reduced time frame from 6–25 months down to 3–6 months.
Since this partnership has been established and now starting to take effect, organisations, including businesses for sale Melbourne, are having a chance to expand to a bigger market. This is helpful for local businesses, especially smaller ones, make up a large part of Australia’s GDP. Not only sales be benefited from the agreement, also new jobs and insights to satisfy customers since a new market will be touched.