Australia budget 2020 included some initiatives for importers, exporters, freight forwarders and other freight industry participants.
We can only hope for further initiatives particular to help our agricultural industries and other importers/exporters that are recovering after the COVID-19 downturn and international trade changes.
In an nutshell these include:
- To make trade more straight forward through the development of further ICT initiatives
- The continuation of the International Freight Assistance Mechanism (IFAM) until June 2020
- Stepping it up on the Wate Export ban working towards the 2024 goal of zero waste exports (with exemptions)
- Expand and diversify trade requirements (i.e. FTA’s, RCEP)
- Trusted trader continuation
For further information or to see how we can assist you with any of your import/export requirements please give us a call.
We have professional contacts that can also specifically help you with trusted trader applications, IFAM requirements, and other business requirements. All part of us being able to assist small to medium businesses with all their international trade requirements and integrated business practices around international trade.
Detailed information on the budget: https://budget.gov.au/2020-21/content/overview.htm
