Australian exporters will be aided by a series of government grants to increase online engagement with key overseas markets. This is intended to aid economic recovery from the pandemic.
Queensland Premier and Minister for Trade Annastacia Palaszczuk explained the scheme was part of her state’s COVID-19 pandemic recovery plan. She stated that the COVID-19 impacted the global economy has brought substantial challenges to export businesses including increases in air-freight costs and lower availability of those services. Even though E-commerce is growing all over the world as more consumers in more markets see value in the convenience of online purchasing and home delivery. So there’s an opportunity for Queensland exporters to use e-commerce to achieve higher returns.
The state of Queensland is Australia’s second largest exporter in terms of value, much of which is made up of agricultural products such as meat, fruit and vegetables. Officials in the State of Queensland have announced that 400,000 Australian dollars (US$310,000) will be used to help local companies that already had an e-commerce deal and wanted to boost engagement.