Recommendation 17F

The Government should extend grant limits and raise the revenue threshold of the Export Markets Development Grant (EMDG) scheme to support established firms enter new and challenging markets overseas.

Goverment response
Not agreed

In October 2019, the Minister for Trade, Tourism and Investment appointed Mrs Anna Fisher to lead an independent review of the EMDG scheme and of financial assistance to SME exporters. This review was asked to consider the most effective and efficient way to deliver financial assistance to Australia SME exporters to encourage additional export development and promotion activities.

The terms of reference for the review included consideration of the best time in an export journey to target financial assistance in order to change exporter behaviour, the types of assistance for businesses along their export journey, and how this assistance can complement other export advisory services or other export market development incentives.