Export and Import

Export and Import

Australia

Developing a sound business plan for export

In order to develop a sound export business strategy one must have skills of developing the need and identify the potential of import industry of other country. I think that export business plan should be kept simple. It is mandatory to make sure that one is aware of the export results for planning the business. I have to build the sense of engagement with my business idea for exporting a product from Australia to the potential market of United Kingdom, Japan, Saudi Arabia, Chile and Russia. I have decided to prepare an export strategy; the export strategy will help me in developing the aims and resources. It will help me in dealing with a variety of service providers for my business. I have selected the dairy products exporting it to the selected countries mentioned in the table B. firstly I will examine the potential of the Australian dairy industry. The dairy industry is third largest dairy industry in world. The dairy industry is based on the rural food manufacturing area of the Australia. (Australian Dairy Corporation. 2001) It is one of the largest value added food industry. I think the dairy industry makes a significant contribution in the country's export industries. According to the statistics the Australian dairy industry contribute around eleven percent of the total value of foods exported to other countries. Most exported dairy products include the milk, cheese butter and milk powder. I have decided to export the milk and dry milk powder to the different countries. In order to highlight the significance of my exporting products I have analyzed the dairy import industry of each country. Australian dairy producers export around one million tons of dairy products in ten countries. It helps the Australia for generating the revenue of around $2.5 billion resulting in the export income covering the one percent of the world dairy trade. With the help of statistics I have identified the lot of potential in the Australian dairy market therefore I have selected the dairy product because I feel that these products will help me in maintaining my business cycle and consistently generate the positive cash flows. I have to identify the key opportunities involved in the dairy industry. (Australian Dairy Corporation. 2001) Currently the Australian dairy products include the processing of liquid and powdered milk. For exporting my products into the Asian and other European markets I have to make sure that quality level is maintained that helps in making a quality product.

United Kingdom

The United Kingdom imports from the developing countries are increasing. Initiatives of bilateral trade resulted in the potential of United Kingdom import market. The increase in the potential market resulted in the increase in the demand of the dairy products of the United Kingdom. Country has faced economic pressures the downward economic pressure impacted the price of United Kingdom importing goods. The production of the United Kingdom industry has decline. The reason is the declining rate of the cows ...