At an AIEx event this morning in Brisbane the Shadow Minister for Trade, the Hon. Warren Truss, launched the Coalition Government’s Trade Policy themed – Restoring Support for Australian Exporters.
Today Mr Truss announced the Coalitions’ plans for the future of EMDG along with additional Trade Policy initiatives.
The Coalition understands that trade is the key engine of growth for Australia.
- One in four jobs in regional Australia is directly or indirectly linked to exports.
- When the Coalition was last in government, exports from regional Australia grew three times faster than did exports from major cities.
- About a quarter of regional Australia’s income now comes from exports.
A Coalition Government will increase the EMDG cap to $200 million effective from 1 July 2011 restoring the $50 million funding shortfall. Furthermore, in government the Coalition will examine the merits of removing the cap altogether.
BSI is committed to the EMDG program and will continue to work hard on behalf of exporters to ensure confidence in the scheme’s future. We look forward to an announcement on Trade and Investment from the Labor Party.