June 2009 Newletter from Austrade ...
kindly supplied by Kate Bickley
Communications & Projects Manager, Western Australia Australian Trade Commission (Austrade)Level 25, Exchange Plaza, Sherwood Court, PerthT: (+61) 8 9261 7923
Communications & Projects Manager, Western Australia Australian Trade Commission (Austrade)Level 25, Exchange Plaza, Sherwood Court, PerthT: (+61) 8 9261 7923
Export Market Development Grants (EMDG) – $50 million additional funding in 2008-09Eligible small and medium size exporters were facing an expected payout of between 30 and 50 cents in the dollar for expenses relating to 2007–08 under the EMDG scheme. The announcement of an additional $50 million in 2008–09 will ensure that 100% of eligible expenses will be reimbursed. This increase will bring total funding available under the scheme in 2008–09 to $200 million.
as detailed in a new report issued by
The Hon Simon Crean MP AUSTRALIAN MINISTER FOR TRADE12 May, 2009
Export Market Development Grants -
Extra $50 Million
to Guarantee 100 Per Cent Payouts in 2008-09
Cash-strapped Australian exporters will get a much needed funding boost when their Export Market Development Grants are paid in full for 2008-09.
The Federal Government has delivered an extra $50 million this year to help small and medium sized exporters through the global recession. Minister for Trade Simon Crean said the Rudd Labor Government had delivered for exporters after the previous Government had failed them. "The Howard Government went to an election having expanded eligibility for the EMDG scheme but without the funds to pay for it and deceived our exporters.
"We will not stand by and let exporters suffer - even though the funding shortfall was not a problem of our making. "In the midst of the global recession - but with Australia better positioned than most and with opportunities in the Asian region - it is vital we ensure much needed liquidity to those exporters who continue to pursue trade opportunities despite the most difficult export conditions in living memory.
"The extra $50 million will provide a much needed stimulus to exporters that will protect jobs and increase market share," Mr Crean said. The extra funding will be paid to an estimated 1800 Australian companies that employ more than 34,000 workers. The money will be delivered in grants in June 2009.
Eligible small and medium sized exporters were facing second round payouts from the scheme of as little as 30 cents in the dollar. "With the funding boost, exporters will now receive 100 per cent of their eligible expenses," Mr Crean said. "The Rudd Government is delivering for the nation's exporters. We are supporting our exporters as they try and plan for the future in the midst of the global recession." "We understand the pivotal importance of SME exporters and the critical contribution they make to the economy and to employment."
The IMF, World Bank, the OECD and the WTO have all recently emphasised the enormous challenges confronting exporters.
The International Monetary Fund forecast in late April that world trade volumes would drop by 11 per cent in 2009. The IMF is also forecasting the global economy will contract by 1.3 per cent in 2009. "Trade is an important stimulus to economic growth and must be a central part of Australia's response to the global recession because it will be critical during the economic recovery, when it comes. "The recent signing of the ASEAN-Australia-New Zealand Free Trade Agreement and the entry into force of the Australia-Chile Free Trade Agreement demonstrates the Government's commitment to keeping markets open," Mr Crean said.
The EMDG scheme is administered by Austrade.
If you want to know more contact AusWaThai for guidance about exports to Thailand and support form Austrade. Networking websites available at http://www.austhai.biz/AusThai/network-sites
Events and Seminars
Mission Overseas EventsFor further information on any of these listed events please call 132 878
Aust Corporate Training Showcase and Seminar 10-Jun-09 China ICT - Software Delegation 2009 11-Jun-09 Lifestyle Australia 2009 12-Jun-09 2009 Tertiary Education Roadshow PNG 15-Jun-09 CommunicAsia2009 16-Jun-09 Taste of Australia - Libya 22-Jun-09 Singapore International Water Week 2009 23-Jun-09 Hydrica 2009 23-Jun-09 Consumer Products Series Webinar 23-Jun-09 NZ Building & Construction Mission 28-Jun-09 Cosmoprof North America 2009 Launched 19-Jul-09 Nepal Education Exhibition 2009 22-Jul-09 Australian Education Exhibition in Nepal 22-Jul-09 Shanghai Children-Baby-Maternity Products Expo 29-Jul-09
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