The Australian Government's vision to grow a strong, resilient and internationally competitive defence industry received a major boost on April 23 with the opening of a new Australian Defence Export Office in Canberra.
The export office is one of the key initiatives of the landmark Defence Export Strategy released earlier this year that sets out the policy and strategy to make Australia one of the top ten global defence exporters within the next decade.
Delivering a range of strategies to assist and support Australia's defence industry, the new export office will produce market intelligence, partnering with industry in multi-year campaigns, and leading the Australian Military Sales and Team Defence Australia initiatives.
The new office will help drive implementation of the Strategy, working hand-in-hand with Austrade and the Centre for Defence Industry Capability to coordinate the whole-of-government efforts, providing a focal point for defence exports.
VIDEO: Victoria's defence capabilities
Other initiatives of the Strategy include:
- A new Australian Defence Export Advocate to provide high-level advocacy for defence exports and work across industry and government to ensure our efforts are coordinated
- A A$3.8 billion Defence Export Facility administered by Efic, Australia’s export credit agency to help Australian companies get the finance they need to underpin the sales of their equipment overseas. It will also provide confidence to Australian Defence industry to identify and pursue new export opportunities knowing Efic’s support is available when there is a market gap for defence finance
- A$20 million per year to implement the Defence Export Strategy and support defence industry exports, including
- A$6.35 million to develop and implement strategic multi-year export campaigns
- A$3.2 million to enhance and expand the Global Supply Chain program
- A$4.1 million for grants to help build the capability of small and medium enterprises to compete internationally.
The Strategy brings together all of the levers available to government, Defence and industry to provide end-to-end support for defence exports, from building export readiness, to identifying export opportunities, and ultimately realising export outcomes.
Victoria is well placed to meet the needs of this rapidly evolving sector, which contributes up to A$8 billion to the state's economy annually. The sector employs around 20,000 people, 7000 in industry and 13,000 in the Australian Defence Organisation. It includes more than 400 businesses who make equipment and provide services for defence activities.
Find out more about Victoria's excellence in defence by visiting the Defence Victoria website.