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Sputnik International
Monday will be my last day as federal Minister for Trade, Tourism and Investment. It comes at a time of great global disruption for many of the businesses I have had the honour of working with.
COVID-19 has seen global trade plummet. The World Trade Organisation predicts volumes of merchandise trade will be down by more than 9 per cent this year. Services trade is impacted even more, with sectors such as international tourism ground to a near halt and others, like international education, dramatically impeded by widespread travel restrictions.
Exporters who still have willing buyers face enormous logistical challenges. Our government has implemented the International Freight Assistance Mechanism to help ensure sufficient planes are flying out of Australia to get our premium goods to market. It has helped more than $3.5bn worth of produce reach customers overseas, which may otherwise have gone to waste.