ADIA is the peak business organisation representing manufacturers and suppliers of dental products. Our vision is for an industry that empowers oral health professionals to advance the health and wellbeing of all Australians...................... — ADIA Strategic Plan

2015 Budget — International trade initiatives

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The 2015 Australian Government budget includes funding that will assist businesses in the dental industry than manufacture and export products through boosting a number of existing programmes and providing new funding to allow business understand the impacts of free trade agreements.

Free Trade Agreements —

The budget papers indicate that the Government is investing $6 billion in new trade agreements with China, Korea and Japan. It will also be expanded to India, which is the fastest growing economy in the world, but still a very small trading partner of Australia. The Government has suggested that if we could lift our service exports like higher education, tourism, health care and financial services to just half the level of our commodity exports, it would add $50 billion to our economy each and every year.

The Government will provide $24.6 million over two years from 2015 16 to promote business understanding of the recently concluded Free Trade Agreements in North Asia and to assist businesses to access and maximise their benefits under these agreements. Advocacy and outreach activities will take place in both Australia and in target offshore markets. Funding of $0.3 million will be met from within the existing resources of the Department of Foreign Affairs and Trade.

The Government has announced $24.6 million to support the recent completion of negotiations and entry into force for the three North Asian Preferential Trade Agreements (PTA) with a programme of works including:

The continued roll-out of a national FTA seminar series over the next two years;
FTA ‘kits’ that will be made available for business chambers, industry groups, local councils and others, to deliver their own FTA education activities. The kits will include fact sheets and a video presentation showcasing examples of Australian businesses that are already capitalising on the opportunities created by the Free Trade Agreements

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The funding also supports development of supporting materials and creation of a “dashboard” to assist exporters to navigate the acknowledged complex tariff schedules and compliance arrangements. The trade dashboard will be designed to condense the bewildering slabs of documentation that make up FTAs into a digital interface so that an exporter can type in their product and the export destination and the system returns the best possible tariff rate. The dashboard will also contain information on quotas and any other restrictions that apply to the export product. As well as helping exporters get the best out of their existing exports, the dashboard will allow them to road-test the tariffs that would apply to new products they want to research or launch into overseas markets. Crucially, it will allow firms to compare the tariff regime they would face versus competitors from other nations that may or may not have an agreement; and Development of supporting materials and creation of a “dashboard” to assist exporters to navigate the acknowledged complex tariff schedules and compliance arrangements. The trade dashboard will be designed to condense the bewildering slabs of documentation that make up FTAs into a digital interface so that an exporter can type in their product and the export destination and the system returns the best possible tariff rate. The dashboard will also contain information on quotas and any other restrictions that apply to the export product. As well as helping exporters get the best out of their existing exports, the dashboard will allow them to road-test the tariffs that would apply to new products they want to research or launch into overseas markets. Crucially, it will allow firms to compare the tariff regime they would face versus competitors from other nations that may or may not have an agreement.

Austrade —

The Government will provide $18 million over four years from 2015-16 to Austrade to expand its current programme of Australia Week events. The events will be held in China, India, ASEAN countries and the United States (to replace the existing trade, investment and tourism aspects of G’day USA) to build Australia's reputation as a tourism destination and as a trade and investment partner.

The Department of Foreign Affairs and Trade, the Australian Trade Commission and Tourism Australia will redirect $8.8 million of existing funding over four years to support these events.

The Government will provide $5.2 million over four years from 2015 16 to expand the Match Australia sports business programme showcasing Australia to international business people attending major sporting events such as the 2016 Rio Olympics. Match Australia establishes business networking events aimed at linking Australian firms with business partners by leveraging major sporting events in Australia and overseas. The cost of this measure will be met by ceasing the Asian Business Engagement Plan grants programme.

Australian International Education 2025 —

In 2015-16, Austrade will develop, along with the education sector, a long-term plan titled Australian International Education 2025, for development of international markets. This plan will support the vision of the Government’s new National Strategy for International Education, which recognises Australian international education as a core element of Australia’s economic prosperity, social advancement and international standing.

This update was issued on 13 May 2015 and please note that changes in circumstances after the publication of material or information may impact upon its accuracy and also change tax compliance obligations. It is recommended that expert advice be sought before taking action based upon the information presented here.

Member Engagement —

ADIA provides leadership, strategy, advocacy and support. Our members set our agenda, fund our activities and directly benefit from the results. With respect to the Association's work to ensure that the initiatives within the 2015 Australian Government budget support the dental industry, the team in the ADIA national office receive advice and guidance from members serving on the ADIA-BAC Business Affairs Committee.

Further Information —

To keep up to date with how ADIA is working to ensure that the Australian Government budget supports the dental industry, subscribe to the Twitter feed @AusDental or follow us on Facebook at www.facebook.com/dental.industry. Alternatively, you can contact the Association via email at canberra@adia.org.au or by telephone on 1300 943 094.


This information is available for your use under a Creative Commons Attribution 3.0 Australia licence, with the exception of the ADIA logo, other images and where otherwise stated.

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