Australian Federal Funding to Help Modernize Trade System
Australia plans to provide federal funding to modernize its trade system, reduce certain costs for agricultural importers and boost export growth, KPMG said in a May alert. The country will spend $37.4 million over three years to improve its trade…
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system and “hopefully” provide industry with a “single window to government,” KPMG said. It will also spend $5 million to “reform and streamline” its antidumping regime, $411.4 million to “protect” the agriculture industry by reducing “regulatory timeframes,” and $198.2 million over four years to support export growth and diversification. KPMG called the measures a “welcomed” budget increase for Australian importers and exporters.