Wine Australia has renewed its partnership agreement with Efic, Australia’s export credit agency.
The partnership aims to help Australian wine producers better understand how they can access the finance they need to maximise their export opportunities.
Efic provides a range of export finance solutions to Australian small and medium enterprise (SME) exporters and those in an export supply chain.
Under the renewed agreement, Wine Australia will continue to work with Efic to help Australian wine exporters learn how Efic’s range of loans and guarantees can help them to take advantage of new export opportunities.
Wine Australia Chief Executive Officer Andreas Clark said, ‘With Australian wine exports and export opportunities on the rise in regions such as Northeast Asia, particularly China, it’s important that wine exporters are aware of all of their financing options.
Efic Managing Director and CEO Andrew Hunter said, ‘Australian wine exports play an important role in Australia’s trade. We’re pleased to continue to work with Wine Australia to ensure SME wine exporters get access to the finance they need when their bank is unable to help.’