Trade Archives - InnovationAus.com

EY lands $6m to vet govt’s critical minerals deals

Joseph Brookes — Wed, 29 May 2024 07:49:11 +0000

Ernst & Young will be paid $6 million over the next year by the federal government to vet lithium and cobalt projects in Australia. The projects are slated to export critical minerals to India to assist with the renewables transition. The Industry Department inked the contract with EY this week for “professional advice on project...

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New eligibility criteria confirmed in EMDG rules refresh

Brandon How — Mon, 18 Mar 2024 11:45:31 +0000

A new eligibility criteria for the federal government’s troubled Export Market Development Grants program came into effect on Friday, conferring additional powers on the Austrade chief executive. The Export Market Development Grants (EMDG) Amendment Rules introduce a new structure to the eligibility criteria, making the program more “entitlement-based” as opposed to awarding grants to all...

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Australia launching two more Landing Pads in Southeast Asia

Justin Hendry — Tue, 05 Mar 2024 05:01:47 +0000

Australia will set up two international ‘Landing Pads’ in Southeast Asia as part of a new trade and investment package that also includes $2 billion in federal government financing for clean energy and infrastructure in the region. Prime Minister Anthony Albanese announced the Landing Pads for Indonesia and Vietnam on Tuesday to “drive Australian technology...

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‘First-in, first-served’ proposed for troubled EMDG: Austrade

Brandon How — Wed, 28 Feb 2024 08:33:19 +0000

Austrade plans to reform the popular Export Market Development Grants into a “first-in-first served program” rather than splitting funds across all eligible applicants to boost the value of individual grants. The program provides matched funding to support marketing activity undertaken by small to medium sized businesses (SMEs) to build or expand export markets. However grant...

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Clean tech innovation endorsed in Indo-Pacific framework

Brandon How — Fri, 17 Nov 2023 06:57:18 +0000

Australia on Friday joined Indo-Pacific Economic Framework partners in endorsing the acceleration of research and commercialisation of clean energy and climate technologies, as other agreements on regional trade stalled. Prime Minister Anthony Albanese finalised the endorsement with other leaders of the Indo-Pacific Economic Framework (IPEF), a group of 13 nations that account for around 40...

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Australia and UK sign quantum collaboration commitment

Joseph Brookes — Fri, 03 Nov 2023 00:52:56 +0000

Australia and the United Kingdom have signed a joint statement on quantum technologies aimed at enhancing each country’s industry capabilities through improved market access and knowledge sharing. The agreement was signed by Industry and Science minister Ed Husic and his UK counterpart on the sidelines of the international artificial intelligence summit in the UK. It...

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Albanese outlines plan to deepen digital ties to ASEAN

Brandon How — Wed, 06 Sep 2023 12:05:01 +0000

Facilitating cross-border data flows and supporting interoperability of digital technology between Australia and Southeast Asian nations is a key focus of the Albanese government’s new economic strategy, which calls for ambitious digital trade rules to be pursued across the region. E-commerce represents the biggest share of digital trade between Australia and Southeast Asia (SEA), with...

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Sinodinos on global supply chains and the new industrial imperative

James Riley — Fri, 04 Aug 2023 07:52:18 +0000

Arthur Sinodinos is perhaps uniquely positioned among former politicians and public servants to identify specific threats and opportunities for Australia’s industrial base. A former Australian ambassador to the United States, Mr Sinodinos had earlier spent a decade as chief of staff to Prime Minister John Howard, and served in Cabinet in Malcolm Turnbull’s second ministry,...

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Govt set to ‘refocus’ export grants scheme

Justin Hendry — Wed, 05 Jul 2023 11:44:00 +0000

Eligibility reforms and payment caps are among the changes to the popular Export Market Development Grant program being considered by the federal government to address long-term structural problems with the scheme. Austrade has begun consulting on options to “refocus” the scheme, including by strengthening eligibility requirements to balance demand with the available budget, with a...

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Simplified Trade System seeks feedback on reform proposals

James Riley — Mon, 26 Jun 2023 10:08:07 +0000

The Simplified Trade System Implementation Taskforce has published a second consultation paper and is seeking broad public feedback on options for regulatory, digital and data reforms to the way that Australia handles trade in goods and services. After two years of engagement with businesses, industry associations, workshops and forums, the Simplified Trade System Implementation Taskforce...

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