Australia's Minister for Trade, Tourism and Investment Simon Birmingham announced (06-Oct-2020) key details of the Government's support for trade, tourism and investment in the 2020-21 Budget:
- Tourism Australia will receive AUD231.6 million (USD164.4 million) for 2020-21 to ramp up domestic marketing activities to encourage Australians to travel again;
- An additional AUD51 million (USD36.2 million) through the Regional Tourism Recovery initiative to assist tourism regions that are highly reliant on international travellers to pivot to the domestic market by adapting their products, experiences and marketing strategies;
- AUD6.6 million (USD4.7 million) over four years to pursue new free trade agreement opportunities;
- AUD317.1 million (USD225.2 million) to extend the International Freight Assistance Mechanism until the middle of 2021 to restore global supply chains and keep international freight routes and services operating during coronavirus. [more - original PR]