2. Our company is selling fishing supplies including poles, nets, hooks, lobster pots, and other miscellaneous fishing accessories Our target market mainly focuses on the commercial fisherman and some emphasis on recreational fishing

3. CategoryData LocationAustralia Population23,221,742 GDP/Capita$40,234 Time Difference13 – 15hrs ahead of USA EST Literacy Rate99% Political StabilityAustralia is considered one of the most politically stable countries in the world Economic StabilityVery stable and strong commitment to economic freedom

4. CategoryLanguagePercent Main LanguageAustralian English80% Indigenous LanguagesAboriginal Tasmanian Torres Strait Island Minor LanguagesMandarin Chinese Italian Arabic Greek Cantonese 1.6% 1.4% 1.3% 1.2%

5. Second easiest country to do business in Values sophistication in innovation Currency holds value and is closely similar to the United States currency Australian fishing industry is worth over $2B and employs around 11,600 people 84.7% of the population lives 50km or less from the coast

6. The United States provides no development assistance to Australia U.S. exports include machinery, vehicles, optic and medical instruments, aircraft, and agricultural products. U.S. imports from Australia include precious stones/ metals, agricultural products, and optic and medical instruments. The United States is one of the largest foreign investors in Australia.

7. Australia established diplomatic relations with the United States in 1940 Australia and the United states shares similarities in culture, historical background, democratic values, common interests, and similar views on most major international questions They attach high priority to controlling and eliminating chemical weapons, other weapons of mass destruction, and anti-personnel landmines

8. The United States and Australia have an ANZUS Treaty Australia participates in bilateral AUSMIN consultations with the United States A number of U.S. institutions conduct cooperative scientific activities in Australia The two countries have signed a tax treaty and agreements on science and technology

9. Australia is a good country to enter because of low corruption and high economic freedom Rank 7 th world wide in corruption Economic Freedom Index is 82.6, ranked 3 (USA is 76) Judiciary system ensures strong property rights Financial system is relatively stable One of the world’s most reliable and attractive environments for entrepreneurs

10. Australia has similar political freedoms to the United States Australia has an electoral democracy, closely similar to the United States There are no protections for freedom of speech Australia allows workers to unionize

11. CategoryAustraliaUnited States GDP (PPP)914.5 billion15.1 trillion GDP (PPP) per capita40,234 per capita48,387 per capita GDP (PPP) growth rate2.0% growth1.7% growth Financial Freedom90.076.0 Effective tax rate30 %35% Unemployment5.1% of the population7.9% of the population Inflation (2013)3.4%3.1% Australia is considered a strong and stable economic country to do business in

12. 41.3 billion FDI inflow Flexible labor markets Low tariffs Ranked 21 in GCI with a score of 5.07

13. Greenfield investment is the best choice of entering into the Australian market Similar Language: Will keep business operations fluid and efficient Politically Stable: Federal Constitutional Monarch under a parliament democracy Ranked 11th in ease of construction permits

14. Australia is a top destination for FDI FDI stock grew 6.6% to a record $507B in 2011 Australia’s commercial fishing industry is worth over $2B annually CategoryAustraliaUnited States Business Freedom95.590.5 Trade Freedom86.286.4 Investment Freedom80.070.0

15. Strategic Location: Australia has the world’s third largest fishing zone, extending up to 200 nautical miles out to sea

16. Intellectual property rights on our products would be protected Dealing with the government wouldn’t be a problem because of low corruption, low barriers and tariffs Competition would be rather high as there are multiple businesses (Shimano, Wilson, Fishing Tackle Shop, Down Under Fishing Supplies) in the industry

17. Executive Summary: (Group) Culture: (Mallory Schiff) Political & Economic Freedoms: (Brian DeMott) Economic Prognosis: (Jenna Giulietti) Entry Modes: (Doug Atenies) Conclusion: (Group)

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