Powered by MOMENTUM MEDIA
Home / key enablers / Government unveils plans for new defence export strategy

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Government unveils plans for new defence export strategy

government unveils plans for new defence strategy
Christopher Pyne giving a speech in Canberra

Minister for Defence Industry Christopher Pyne has revealed the government will soon release a Defence Export Strategy, a new component of the 2016 Defence White Paper plan.

Speaking at an event in Canberra, Minister Pyne announced the new strategy and said the government would be working hard to reverse Australia's current defence import and export figures.

Advertisement
Advertisement

"Currently we rank fifth in the world for defence imports, but 20th in the world for exports," said Minister Pyne.

"We will strive to reverse those numbers. The Turnbull government will release a Defence Export Strategy later this year to plan, guide and measure defence export outcomes."

Minister Pyne said that the new strategy will be in line with the government's economic objectives and will aim to enhance Australia's future economic prosperity.

"This [the strategy] will be in support of our economic, foreign and trade policy objectives and defence capabilities and national security goals," he said.

"The Defence Export Strategy will also help with the task of transforming Australian industry to guarantee future prosperity.

"It will be complementary with work the government has already done. In just over 12 months, the Turnbull government has already made significant progress in building our future defence industry capability."

The minister noted that the new strategy, combined with the establishment of the Centre for Defence Industry Capability (CDIC) and the recent launch of the Next Generation Technologies Fund (NGTF), will be key in driving the manufacturing industry in Australia.

"We have established the Centre for Defence Industry Capability, along with the Defence Innovation Hub and just last week I launched the Next Generation Technologies Fund," Minister Pyne said.

"Using the defence dollar to drive the take-up of high-technology and give new impetus to our advanced manufacturing industries is central to our vision of a resilient future Australian economy."

The establishment of the CDIC, the NGTF and the imminent launch of the Defence Export Strategy fall under the government's long-term approach, enabling approximately $195 billion investment to enhance Australia's defence capabilities.

Government unveils plans for new defence export strategy
Christopher-Pyne-ASPI-speech.jpg
lawyersweekly logo

more from defence connect

Brendan Nelson, Australian War Memorial
May 23 2019
PODCAST: Commemorating Australia’s military history, Dr Brendan Nelson AO, Australian War Memorial
Dr Brendan Nelson AO’s role as director of the Australian War Memorial is one of great responsibil...
May 23 2019
Photo Essay: Carriers of the Indo-Pacific
As debate continues to blaze about the viability of re-introducing aircraft carrier vessels into the...
May 23 2019
Future-proofing Australia's aerial strike gap
The retirement of Australia’s fleet of F-111 tactical bombers in 2010 left Australia with a sever...
FROM THE WEB
Recommended by Spike Native Network