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Global trade in a post-COVID world will open up new opportunities for import and export. We have seen the fragility of our supply chains, which will be bolstered by new onshore capabilities as well as new trade relationships in the future. Trends now will influence the shape of global trade for decades.
With over 20 years’ experience working in multiple countries, Richard commenced his career in the logistics industry as a customs broker and industrial engineer specialising in supply chain. Richard now advises clients on customs and trade strategy including customs duty minimisation and compliance, transfer pricing in relation to customs valuation, market access considerations and supply chain reengineering.
“Australia as a destination produces quality and innovative products – but we’re a small market and invariably businesses need to look overseas to grow. The last 12 months has seen a lot of change in how goods move and where the demand is,” Richard said.
“There is an exciting opportunity – particularly for Australian mid-sized businesses – to expand into new markets; yes Asia, but also Europe, the UK and the USA. I’ve been busy working with a number of clients on their export and customs strategies, as well as understanding the unique compliance requirements of their new markets,” Richard finished.
Based in Sydney, Richard will advise clients all over Australia, including the major port cities of Adelaide, Melbourne and Brisbane. Regional areas will also be an exciting focus area as the modern manufacturing initiative supports the growth of local manufacturing across food & beverage, resources & minerals, life sciences, energy & recycling, and defence. Consumer products and agribusiness are other clear areas of opportunity for Australia.
Grant Thornton has made some exciting additions to our specialist tax team over the last 18 months, including Sandie Boswell and her Innovation Incentives team early in 2020, which will support our clients take advantage of government policies and consumer trends.
“The Australian Government has committed to open trade and supporting Australian businesses to develop and export. We have an impressive team focusing on intellectual property, R&D, government grants and transfer pricing. With Richard joining the team, we can support our clients to take those great ideas and products to new and emerging markets around the world. It’s a very well-rounded consulting offering,” said Elizabeth Lucas, Partner and Head of Specialist Tax.
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T +61 2 8297 2724
E therese.raft@au.gt.com