Australia is a major global player in various sectors and has a population of about 26 million.
Australia’s economy, with a GDP per capita of approximately $55,000 USD in 2023, is driven by mining (coal, iron ore, gold), agriculture, and a robust service sector. It is also a significant exporter of natural resources.
The country’s main imports include machinery, vehicles, electronic equipment, and petroleum products, supporting its diversified economy.
Australian business culture and etiquette
In Australia, business is done in an open and friendly manner with a touch of informality. The following simple guidelines will help:
- Meet your prospects with prior appointment, giving them sufficient notice of about a week
- Do not speak about your position or try to pull rank; this is a sure ‘turn-off’ in Australia
- Greet with a handshake and a smile; be yourself
- An Australian might typically address you as ‘G’day mate’; don’t take this as a casual greeting, it is common custom there
- Begin with some small talk
- Table manners are important in Australia
- Gifts are best avoided in initial meetings
What are negotiation tactics in Australia?
- Presentations should be simple with good visuals
- Australians believe in ‘fair dinkum’ – a fair chance for all; keep the negotiation tone friendly
- Offer both short and long term advantages
- Be open and frank, business wise; Australians will tell you what they want and are open about it
- Expect slow decision making as Australians like to consult other stakeholders before deciding
- Offer genuine prices given the volumes and business opportunity
- Do not drop price drastically from its initial level; keep final prices for the later stages of negotiations.

