This is the third consecutive year ANZ has engaged EY Sweeney to survey 1,000 business decision-makers to capture their sentiments and experiences to create a roadmap for doing business in Asia. The insights and benefits quoted in the ANZ Opportunity Asia Report 2017 reflect business owners from small to medium enterprises (SMEs) right through to large corporates, covering the views of businesses with well-established Asian operations as well as those yet to start their international expansion. In 2017, we are witnessing a shift in key drivers motivating business owners to expand overseas.

At a Glance ANZ Opportunity Asia Report 2017:

• Approximately $278 billion of additional revenue could flow into Australia if businesses act on their plans to operate within Asia 
• Australian businesses are looking to collectively hire approximately 1.03 million staff in the next three years to support Asian demand for products & services  
• Australian businesses collectively hired approximately 670k staff to support their Asian export demand in the past three years
• 26% of active businesses are most likely to select specific countries in Asia to operate in based on their existing business relationships 
• 42% of businesses fund their Asian business dealings through operating surplus
• 29% of Australian businesses dealing with Asia have made mergers or acquisitions
• ASEAN (68%) is the key region where active businesses are conducting business dealings or have operations in Asia, followed by Greater China (57%) and North Asia (33%) 
• Approximately one third (31%) of active business' overall revenue and 28% of operating costs, are attributed to the business' Asian operations
• 59% of active businesses expect to expand their Asian operations/business dealings in the next three years 
• 57% of businesses active in Asia believe that profit margins derived from Asian operations or dealings are higher than Australian based operations 
• 59% of established Australian businesses dealing with Asia are importing

ANZ says that "The findings are very encouraging for Australian businesses considering Asian markets and the benefits for the broader Australian economy will be significant. This year’s report examines the exciting upside potential for local jobs growth required by the Australian business sector acting on global aspirations."

Click here to download the ANZ Opportunity Asia Report 2017

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