Antinuclear

Australian news, and some related international items

Turnbull govt to give $3,8billion to develop a weapons export industry

Australia to become major defence exporter under $3.8b Turnbull plan, The Age, Adam Gartrell, 29 Jan 18, Australia is set to become one of the world’s top 10 defence exporters under an ambitious $3.8 billion government plan.

The new defence export strategy to be released by Prime Minister Malcolm Turnbull on Monday aims to put Australia on par with major arms-exporting countries like Britain, France and Germany within 10 years.

The government believes the strategy will create new jobs and bolster Australia’s troubled defence manufacturing industry, which struggles to sustain itself based on Australian Defence Force needs alone. A big boost in exports will insulate local manufacturers from the peaks and troughs – sometimes called the “valley of death” – of domestic demand.

“This strategy is about job creation. It will give Australian defence companies the support they need to grow, invest and deliver defence capability. It will make Australian defence exports among the best in the world,” Mr Turnbull said……..

The centrepiece of the strategy will be a new financing facility that will make up to $3.8 billion available to Australian defence companies looking to sell overseas…….

The government will seek to use the exports to cement relationships with key countries in volatile regions like the Middle East. Defence Industry Minister Christopher Pyne has previously nominated Australia’s relationship with the United Arab Emirates as one that could benefit from deeper, export-led economic ties…..

A new Australian Defence Export Office will be established to implement the strategy, and an Australian Defence Export Advocate will be appointed to co-ordinate with the industry, and state and territory governments.

The strategy is designed to complement the government’s promise to invest a record $200 billion in ADF capability over the next decade. http://www.theage.com.au/federal-politics/political-news/australia-to-become-major-defence-exporter-under-38b-turnbull-plan-20180127-h0pc4w.html

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January 28, 2018 - Posted by | AUSTRALIA - NATIONAL, weapons and war

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