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Global Trade Updates
GTPA congratulates the Morrison Government and the Federal Trade and Tourism Minister Simon Birmingham for this morning announcing a boost to support Australian exporters and tourism businesses
The Morrison Government will inject an extra $49.8 million into the Export Market Development Grants (EMDG) program in the 2019-20 financial year, allowing exporters and tourism businesses to get additional reimbursements for costs incurred in marketing their products and services around the world.
Federal Trade and Tourism Minister Simon Birmingham said today’s funding boost would provide much needed relief and a timely cash flow injection for exporters and tourism businesses within the scheme who were doing it tough.
“We recognise the current COVID-19 crisis is placing immense pressure on Australian exporters and tourism businesses, many of whom felt the earliest and deepest aspects of the economic downturn,” Minister Birmingham said.