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International Freight Assistance Mechanism subsidy to continue until mid-2022

The Australian Government announced on 26 August that it will extend the International Freight Assistance Mechanism (IFAM) until June 2022 to help fresh-food exporters deliver Australian products worldwide.

According to Trade Minister Dan Tehan, the federal government will pledge a further $260 million to its International Freight Assistance Mechanism (IFAM), initially intended to end mid-2021. The latest funding announcement brings the government’s contribution to the scheme to more than $1 billion. IFAM was introduced in April 2020 and following Australia’s closure of its international borders to ensure fresh produce could be flown out of the country and medical products flown in. Since then, it has helped connect flights between nine Australian ports and almost 60 international destinations, proving helpful to many exporters who claim they could not otherwise have afforded to send produce overseas.

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Source: Exporters told International Freight Assistance Mechanism subsidy to continue until mid-2022 I ABC Rural