As Australia's export credit agency, EFIC, increases Australian exports by providing internationally competitive finance and insurance services to Australian exporters and investors.

EFIC has been a long-time supporter of the Export Awards program and, as part of the 2003 Australian Export Awards, is the sponsor of the Services Category. EFIC is also reaffirming its support for the Tasmanian Export Awards by again sponsoring the Large Advanced Manufacturer Award

EFIC managing director Ewen Waterman said export markets continue to provide considerable opportunities for Tasmanian companies and that firms do not necessarily need a large domestic sales base to succeed internationally.EFIC has a range of product solutions for financing Australian exports, including Direct Loan and Export Finance Guarantees to finance the purchase of Australian capital goods or services; Advance Payment or Performance Bonds; Export Credit Insurance to cover the risk of non-payment; Political Risk Insurance and Unfair Bond Calling Insurance. For smaller exporters, EFIC can help secure working capital finance from financial institutions through our Export Working Capital Guarantee or provide the bond facilities often required for export contracts.