ABOUT US

BACKGROUND
For the first time in History a substantial and increasing, number of women are independently wealthy. The term “Womenomic” has been coined to describe the shift in financial power, where women now control over $20 trillion dollars in expenditure worldwide. That’s an economic impact greater than the USA, China and India’s economies combined.

Women globally have been increasingly making their own way in starting businesses with considerable success and see globalisation as a major opportunity for expanding their businesses. This growing number of Women-owned/operated SME’s, which is quite a phenomenon throughout the Asia Pacific region, , have contributed significantly not only to the GDP growth, but also to the employment growth in the past decade.

The Australian export community of 31,000 enterprises is being transformed as more micro and small businesses start to export. The Australian Bureau of Statistics says almost 87% of exporters have a turn-over of less than $1 million a year.

Why then is it important that nations should support their women entrepreneurs to become further involved in business and international trade? It is simply about extending national economic interest in the areas of job creation, investment and economic growth.

 

IWFCI has long realized the potential for SME international trade, supported by our many years of working with countries across the Asia Pacific in establishing a very strong network who have shared our vision. This has also been strengthened and supported by a recent survey by Grant Thornton International Business where they reported more than a quarter of Australian SMEs increased their business through China over the past year, but India is starting to become a target market for many businesses.

 


SOME FACTS ABOUT IWFCI
IWFCI Head office is based in Melbourne, Australia and the majority of its members are business owners.
IWFCI has established a number of branches and affiliation arrangements with associations throughout the following countries encompassing a wide range of membership numbers and characteristics:
 

  • Australia

  • Bangladesh

  • India

  • Russia

  • Philippines

  • Myanmar

  • Japan

  • Nigeria

  • South Korea

  • Afghanistan

  • Singapore

  • Mongolia

  • Malaysia



Members in branches outside Australia have expressed interest in the development of commercial linkages with other members, both in and outside Australia, which will enable them to commence or increase their international trade and investment. IWFCI is registered as a company limited by guarantee as a not for profit organization, IWFCI has the legal right to make a profit but to date, has operated only as a “not for profit” entity.

 

 

IWFCI Founder - Diana Abruzzi

 

Diana Abruzzi, Founder - International Chairman

International Women's Federation of Commerce and Industry (IWFCI)

Diana is a pioneer and leader in the cause of free enterprise and economic development. From championing the advancement of women in business around the world to giving a stronger voice for Australia at international forums on entrepreneurial economic initiatives to business and personal development.

With an educational background in Social Sciences Diana comes from a successful family line of Australian entrepreneurs having established vibrant businesses in Insurance, transportation, Mining and property development. Over her 40 year business career spanning family businesses, to serving in government forums and on company boards.

Ms. Abruzzi as its current international Chairman and Founder of the International Women's Federation of Commerce and Industry (IWFCI); the first Chamber of Commerce for women in the world at the time of its inaugural meeting in 1992 in Melbourne Australia. Ms Abruzzi started the Federation with sixty business cards; today the Federation has established branches in Malaysia India, Korea, Singapore, Mongolia, Bangladesh, Korea, Indonesia, Philippines, Myanmar, Japan, Nigeria and Afghanistan. With a mandate to open trade routes for women with a reach of over three million business women.


Ms Abruzzi has long been an advocate of SME’s and their global potential and so began to address Through IWFCI, four areas most needed and talked about at the APEC level in how to mobilize SME’s across the Asia Pacific and beyond. These areas are: Finance, Finding International Markets, Education and IT.

© 2016 International Women's Federation of Commerce and Industry

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