ANNOUNCEMENT 23 Dec 2020

The government of Australia announced a new set of measures to support agri-food exporters during 2021. 

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Minister for Trade, Tourism and Investment of Australia. Media Releases. "Joint media release: Backing Australian farmers to expand horizons in 2021" of 23 December 2020. Available at: https://www.trademinister.gov.au/minister/dan-tehan/media-release/joint-media-release-backing-australian-farmers-expand-horizons-2021

Australian Government. Australian Trade and Investment Commission. Exporting services. Export services to help your business go further, faster.‚Äč How Austrade can help. Trade Services (retrieved on 29/12/2020). Available at: https://www.austrade.gov.au/Australian/How-Austrade-can-help/trade-services

Australian Government. Business. Grants & Programs. Agricultural Trade and Market Access Cooperation (ATMAC). Funding for projects that contribute to Australia's agricultural trade with overseas markets (retrieved on 29/12/2020). Available at: https://business.gov.au/Grants-and-Programs/Agricultural-Trade-and-Market-Access-Cooperation-ATMAC

Inception date: No inception date

Other export incentive

On 23 December 2020, the Australian Minister for Agriculture, Drought and Emergency Management and the Minister for Trade, Tourism and Investment, jointly announced the launch of a new support package for Australian farming, forestry and fishing exporters.

Among the measures announced, was the allocation of AUD 42.9 million (over USD 32.5 million) to support agri-food producers via the services provided by Austrade. These services include practical advice on how to start exports and fining markets; assistance to sell digital products and services; information and support regarding trade finance opportunities including grants; tax counselling; and maximization of trade agreements. In addition, these resources will focus on delivering target advice and organizing trade missions to expand Australian products to new markets. 

According to the press release, "[t]his initiative will see government work in partnership with industry and individual businesses to map out new export markets and opportunities and take full advantage of the Government’s extensive trade and investment network to strengthen their businesses."

Notably, the new scheme is to commence in early 2021 and it includes other measures (please, see related intervention). 

AFFECTED PRODUCTS

 
N/A
Inception date: No inception date

Financial grant

On 23 December 2020, the Australian Minister for Agriculture, Drought and Emergency Management and the Minister for Trade, Tourism and Investment, jointly announced the launch of a new support package for Australian farming, forestry and fishing exporters.

Among the measures announced, was the allocation of AUD 18.4 million (over USD 13.9 million) to the Agricultural Trade and Market Access program (ATMAC). This scheme was launched in previous years and provides grants ranging between AUD 20,000 and AUD 400,000 per beneficiary and seeks to modernise agricultural trade and increase the country's exports. To achieve these goals the funding is to be used to carry out R&D projects; support trade missions and practical demonstrations; implement feasibility studies and training programs; attend to relevant events; and support working groups. 

According to the press release, "[t]his initiative will see government work in partnership with industry and individual businesses to map out new export markets and opportunities and take full advantage of the Government’s extensive trade and investment network to strengthen their businesses."

Notably, the new scheme is to commence in early 2021 and it includes other measures (please, see related intervention). 

 
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