Budget 2022-23 announcements relating to international trade

The Budget 2022-23 announcement addressed several pressing trade-related issues, including those that we strongly advocated for on behalf of exporters. International businesses will be supported through various initiatives such as the expansion of the Export Market Development Grants (EMDG) scheme, enhancement of the Simplified Trade System, and sponsorship of agricultural trade events that will promote export-focused agricultural goods and services. However, the Budget also acknowledges that world GDP growth will likely be lower, global inflation will be higher, and supply chains will remain constrained. So, the global economic landscape will continue to be tough for Australian exporters.