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Australia’s Export Finance and Insurance Corporation (EFIC) and the Victorian Employers’ Chamber of Commerce and Industry (VECCI) have established an alliance that will enhance the promotion of export initiatives and opportunities to Victorian exporters.

“This alliance will help EFIC and VECCI do more for Victorian businesses engaged in export and overseas investment,” says Angus Armour, managing director of EFIC.

VECCI chief executive officer, Neil Coulson, adds that VECCI has always had a strong trade focus and that the alliance will enhance VECCI’s strong suite of trade services and networks.

In particular, EFIC will work with VECCI’s International Trade Department to increase awareness of EFIC’s role in expanding export opportunities through its finance and insurance products. VECCI’s International Trade Department assists thousands of members in their exporting endeavours through a range of workshops, networking functions and international consulting services. 

In 2003-04, EFIC supported US$2.2bn of exports and investments across a number of countries in Asia, Africa, the Middle East and North America. Victorian export figures for the June 2004 quarter were also impressive. According to the Department of Foreign Affairs and Trade, Victoria’s merchandise exports for the June quarter increased by 20% compared to the June quarter last year – which is an increase of US$843mn.

EFIC has recently worked with a number of Victorian companies in relation to their exports and overseas investments, including Oceanis Holding, Gold Peg International, Bytecraft Automation, McConnell Dowell Constructors (Aust), and Thales ATM.