Promoting your product overseas is a costly exercise, however you may be eligible for assistance to help with the cost of developing your new overseas markets.

Financial assistance available from the federal government includes:

• Export Concessions: Duty Drawback - this is designed to assist exporters to obtain a refund of Customs Duty paid on imported goods that are subsequently exported.
• Export Market Development Grant - you may be eligible to be reimbursed for some expenses incurred in promoting your export.
• New Exporter Development Program (NEDP) - a package of free services, through Austrade and TradeStart, designed to help you develop your businesses overseas.
• Export Finance and Insurance Corporation (EFIC) - helps you obtain finance through EFIC Headway. If you do not have sufficient security to obtain additional bank finance, EFIC can provide a guarantee to your bank, which then provides the necessary funds for your export. For more information about EFIC Headway and other EFIC services, check the EFIC website or call 1800 887 588.

State and territory governments also have financial assistance schemes for exporters.

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