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Australia grants 36mn AU dollars for SMEs in Asia market
July 8, 2013, 9:18 am

[Xinhua]

The innovations minister said the Australian government is investing in the abilities and relationships that will drive Australia’s economic and jobs growth [Xinhua]

Australia has announced additional funding of 36 million AU dollars to help its small and medium enterprises (SMEs) in Asian markets.

The new national investment plan was unveiled on Monday.

“It will tap into the expertise of business and community organisations, peak bodies, training providers and business councils to help business leaders develop a deeper knowledge and expertise of Asian countries and cultures,” said Trade Minister Richard Marles.

Marles and Innovation Minister Kim Carr said the new National Centre for Asia Capability will be based in Melbourne.

“The centre will also forge new partnerships to help businesses develop the Asia-relevant capabilities they need to better access growing markets in our region.”

Carr said the Australian government is investing in the abilities and relationships that will drive Australia’s economic and jobs growth in the years ahead.

“This is a significant and timely Australian government investment in building Australian workforce capability,” said the innovation minister.

Marles said making sure that Australian businesses understand and can effectively negotiate in Asia was essential to the government’s response to the White Paper on Australia in the Asian Century released last year.

Source: Xinhua

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