The Commonwealth Government today released its Defence Export Strategy, which outlines its plan for a new Australian defence export system. The Strategy includes several new initiatives and investments:
What does this mean for Victorian SMEs?
The Victorian Government’s 2016 Defence Technologies Sector Strategy noted that the global defence market will expand over the coming years, particularly in Asia, and that Victoria needs to be at the forefront of this growth to create jobs. The strategy also states that our traditional markets in the United States and Europe will continue to represent the majority of the global defence market.
The Defence Technologies Sector Strategy outlines a number of initiatives and financial support to industry to enable it to become export-ready and compete for global supply chain opportunities. Initiatives and support which Victoria already has in place include:
The Victorian Government will continue to work with its defence industry on pursuing relevant export opportunities as they arise.
The Defence Export Strategy can be downloaded at www.defence.gov.au/exportstrategy
The Victorian Government’s Defence Industry eNewsletter keeps decision makers and Australia’s defence industry informed about the latest news and developments in Victoria’s defence sector.