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Australia launches ambitious defence export strategy

February, 2018

New strategy aims to put Australia in the top ten defence exporters by 2028.

Australia launches ambitious defence export strategy

Australia’s Department of Foreign Affairs and Trade (‘DFAT’) has launched a new defence export strategy, which aims to put Australia in the top ten defence exporters by 2028. A major driver behind the move is job creation – a key policy for Prime Minister Malcolm Turnbull’s government. The government has already invested $200bn in enhancing the capabilities of the Australian Defence Force (the army, air force and navy combined) as part of its 2016 integrated investment programme.

The defence export strategy proposes a number of new initiatives, including:

  • A new Australian defence export office;
  • A new Australian defence export advocate;
  • A $3.8bn defence export facility administered by Efic, Australia’s export credit agency, to help business with the financing of defence exports;
  • Investment of $20m to implement the defence export strategy and support defence industry exports.

 

A copy of the Australian defence export strategy can be found here:
http://www.defence.gov.au/SPI/Industry/ExportStrategy/Default.asp

 

 

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