EFIC and Westpac to explore new working capital product.
| Position | REPORT FROM EFIC |
The Minister for Trade, Mark Vaile, has welcomed the establishment of an alliance between the Export Finance and Insurance Corporation (EFIC) and Westpac to explore the potential of a new financial product to assist small and medium-sized Australian exporters (SMEs) with working capital.
"Exporters frequently cite insufficient working capital as an obstacle to growing their export business," said Vaile.
"While EFIC has assisted SMEs since 1991 via its Export Working Capital Guarantee...
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