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Readnow Clip Australian Financial Review, Australia 29 Nov 2017, by Steven Ciobo And Christopher Pyne Features, page 1 - 261.00 cm² National - circulation 44,635 (MTWTF--) Licensed by Copyright Agency. You may only copy or communicate this work with a licence. ID 880222110 BRIEF EXPFINANCE INDEX 1 PAGE 1 of 1 Government's export strategy has suppliers poised for growth makes the tailpieces and engine trailers Comment for the JSF. Over the next decade, Steven Ciobo and Christopher Pyne Marand estimates its order book from the JSF project will reach more than Australia is the world's 20th largest $1 billion. defence exporter. With the right SMEs typically have unique partnership between government and industry we can become an even more challenges as exporters. So a key task successful global supplier of defence for the partnership with industry will products in the next decade. be identifying export opportunities, The Turnbull government will soon providing adequate financial support release a Defence Export Strategy to and a streamlined export control coordinate the growth of our local system. defence industry with emerging Finding opportunities will depend Twelve Offshore Patrol Vessels will be export opportunities. on utilising Australia's existing designed and built in Australia. More than $200 billion is being overseas network, which will be used invested in strengthening our defence to support exporters back home with capability while six free trade insights and information about deals agreements have been concluded and trends. since 2013. Negotiations for a further The Turnbull government is seven agreements are either planned tasking the Australian Trade and or underway. Investment Commission (Austrade) The Turnbull government is and Efic, the government's export making the largest ever peacetime credit agency, with increasing defence investment in defence capability and exports with more announcements has the most ambitious trade agenda about the architecture to come in the in Australia's history. The Defence Defence Export Strategy. With trade and investment experts Export Strategy will bring together in 83 offices globally, Austrade can be these government priorities so the heavily involved in supporting the Australian defence industry can export activities of Australian defence capitalise on them. suppliers. Investments in defence capability Efic supports Australian exporters are already underway. The with tailored financial solutions, an government recently announced that 12 Offshore Patrol Vessels would be important consideration when it designed and built between South comes to defence goods. It has an Australia and Western Australia. impressive record of supporting The Australian Submarine Australian shipbuilders such as Incat Corporation in Adelaide will construct and Austal. the first two ships while Austal and For the past 25 years, Efic has Civmec will build 10 ships at the supported more than 20 vessel Henderson Maritime Precinct financings for Incat Since 1988, The Offshore Patrol Vessels will be Austal has delivered 266 vessels to delivered by Australian workers, in more than 100 operators in 44 Australian shipyards and with countries. In that time, Efic has Australian resources, including helped Austal fund 18 contracts locally made steel, and will directly worth more than $1.23 billion. employ up to 400 people and result in The Turnbull government is a further 600 jobs being created in committed to supporting the associated supply chains. Australian defence industry. Our There is a major role for specialised Defence Export Strategy will drive small to medium enterprises (SMEs) our defence export industry's to supply niche products and services success. It is an industry that to global value chains in the defence supports Australian jobs and contributes to our economy and our sector. More than 50 Australian firms broader security. have been actively engaged in supplying the US Joint Strike Fighter Steven Ciobo is the Minister for Trade, (JSF) program, which is building the Tourism and Investment. Christopher next generation fighter. Pyne is the Minister for Defence Marand is an Australian firm that Industry..
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