United

Defence Export Strategy aims to give Australia a top 10 global defence ranking as global ‘giants’ look on

News Feed
Tuesday, 20 February 2018

AIMING to make Australia one of the world’s ‘top 10’ defence exporters within the next decade, the Government has launched a Defence Export Strategy that sets out a framework designed to achieve its goal.

Australia’s defence sector is already known for its innovation and ‘can do’ approach, with an increasing number of sector participants winning international contracts.  Not surprisingly, overseas ‘giants’ increasingly are interested in investing in part-ownership or other forms of collaboration.

The sector uses air freight systems extensively, both inbound and out.  The new export strategy could significantly boost this traffic in the target decade and beyond.

Indicative of the importance placed on the strategy, its publication was launched jointly by prime minister Malcolm Turnbull, Defence ministers Christopher Pyne and Marise Payne, and Trade minister Steve Ciobo.

The strategy features several new initiatives and investments, including a single-focus Australian Defence Export Office which will work alongside Austrade and the existing Centre for Defence Industry Capability to co-ordinate whole-of-government initiatives.

A defence export advocate will be appointed to talk up the industry at home and globally, working with both private stakeholders and government agencies.

Efic, the country’s export credit agency, will administer a A$3.8 billion facility to “provide confidence to the Australian defence industry to identify and pursue new export opportunities knowing Efic’s support is available when there is a market gap for defence finance”.

All this will be backed by A$20 million annually in direct funding, including further support for the existing global supply chain program - which is to air cargo’s benefit.

Grants will be available to help small and medium enterprises compete internationally against bigger players.

The Defence Export Strategy can be downloaded at: www.defence.gov.au/exportstrategy

HACTL
Cathay Cargo
United

Defence Export Strategy aims to give Australia a top 10 global defence ranking as global ‘giants’ look on

News Feed
Tuesday, 20 February 2018

AIMING to make Australia one of the world’s ‘top 10’ defence exporters within the next decade, the Government has launched a Defence Export Strategy that sets out a framework designed to achieve its goal.

Australia’s defence sector is already known for its innovation and ‘can do’ approach, with an increasing number of sector participants winning international contracts.  Not surprisingly, overseas ‘giants’ increasingly are interested in investing in part-ownership or other forms of collaboration.

The sector uses air freight systems extensively, both inbound and out.  The new export strategy could significantly boost this traffic in the target decade and beyond.

Indicative of the importance placed on the strategy, its publication was launched jointly by prime minister Malcolm Turnbull, Defence ministers Christopher Pyne and Marise Payne, and Trade minister Steve Ciobo.

The strategy features several new initiatives and investments, including a single-focus Australian Defence Export Office which will work alongside Austrade and the existing Centre for Defence Industry Capability to co-ordinate whole-of-government initiatives.

A defence export advocate will be appointed to talk up the industry at home and globally, working with both private stakeholders and government agencies.

Efic, the country’s export credit agency, will administer a A$3.8 billion facility to “provide confidence to the Australian defence industry to identify and pursue new export opportunities knowing Efic’s support is available when there is a market gap for defence finance”.

All this will be backed by A$20 million annually in direct funding, including further support for the existing global supply chain program - which is to air cargo’s benefit.

Grants will be available to help small and medium enterprises compete internationally against bigger players.

The Defence Export Strategy can be downloaded at: www.defence.gov.au/exportstrategy

HACTL
Cathay Cargo
HACTL
Cathay Cargo