Today, I’m proud to announce the launch of the $50 million Accessing New Markets Initiative (ANMI). It delivers on a key Albanese Labor Government election commitment to open new and previously overlooked export markets for Australian businesses.
Through ANMI, Australian businesses will get practical, targeted support to identify new partners and customers.
It will ensure Australian exporters aren’t just reacting to change – they’re getting ahead of it.
The Albanese Government is working hand-in-hand with industry to make sure this initiative delivers real value and meets the needs of businesses and sectors impacted by changing global trade.
Austrade will design tailored support to peak industry bodies and their members. Support to Australian exporters will be fast, flexible and targeted, including additional programs such as in-market trade advisors, enhanced offshore events, and new strategic initiatives.
ANMI builds on what the Albanese Labor Government has already delivered for Australian exporters, including:
- Removing over $20 billion in trade impediments on our exports to China – allowing farmers, fishers, miners and winemakers back into this market at higher volumes than ever before.
- Legislating a free trade agreement with the United Arab Emirates – which will deliver over $600 million in additional annual exports into the Middle East.
- Unlocking a record $53 billion in two-way trade with India last year, after legislating our first trade agreement with India.
- Delivering an additional $2 billion in Southeast Asia trade outcomes over the last two years for Australian businesses.
Quotes attributable to Minister Farrell
The world is shifting. Trade flows are changing, and global competition is increasing.
With one in four Australian jobs supported by trade, the Albanese Labor Government’s trade diversification agenda remains a key focus in our second term.
This is a smart, timely, and forward-looking investment in Australian business. It’s about helping our exporters compete globally and build resilience.
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