Exporters reliant on air freight will continue to have access to key international export markets, thanks to the Australian Government’s $240 million funding injection under the International Freight Assistance Mechanism (IFAM).
Federal Member for Groom, Dr John McVeigh, welcomed today’s announcement, which will extend support under the IFAM until the end of the year.
“This is fantastic news for producers in the Toowoomba and Darling Downs region,” Dr McVeigh said.
“Last month we saw two new weekly international freight flights take off from Wellcamp Airport – a second weekly Cathay Pacific freight flight to Hong Kong as well as a Singapore Airlines flight to Singapore, thanks to a mega export deal for our region under the International Freight Assistance Mechanism.”
“Each flight is carrying around a million dollars’ worth of local produce such as local beef, pork, eggs, fruit and vegetables.
“The more local produce we can get out the door, the more local jobs we can protect and the more export dollars we can generate for our region.”
The temporary program has already helped secure carriage of more than 36,000 tonnes of exports to 50 key international destinations and has also supported the import of critical medical supplies.
This funding is in addition to the $110 million announced in April to establish the IFAM under the $1 billion Relief and Recovery Fund to support regions, communities and industry sectors disproportionately affected by COVID-19.
For more information on IFAM, visit: www.austrade.gov.au/ifam.