The Australian Defence Export Office (DEO) has signed a memorandum of understanding (MoU) with government agency Austrade to engage local industry experts in major export markets.
The MoU is an initial step taken by the partners to ensure the delivery of increased export support for defence businesses in the country.
Australian Defence Industry Minister Christopher Pyne said that the current agreement will capitalise on whole-of-government expertise and knowledge of foreign markets to help support the country’s defence industry to access greater export opportunities.
Pyne said: “Cooperation between Austrade and the DEO is one of a range of initiatives being delivered under the Defence Export Strategy, to drive a more competitive defence industry to support Australian Defence Force (ADF) capability.
“A strong, internationally competitive and sustainable defence industry is key to meeting Australia’s current and future defence capability needs.”
Australian Trade, Tourism and Investment Minister Steven Ciobo said that local industry experts will work closely with the DEO in order to provide advice and support for Australian defence businesses using Austrade’s international networks to assist in navigating foreign markets.
Ciobo said: “The MoU is another step in supporting the Defence Export Strategy and employing industry experts across several overseas Austrade offices will assist exporters in navigating foreign markets to grow their business.
“Growing the defence export sector will boost the Australian economy and build upon the Turnbull Coalition Government‘s strong record of job creation.”
Under the MoU, the two parties will work together to support targeted multi-year campaigns and provide integrated support for defence exporters.