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The Australian government re-affirmed its ongoing commitment to coordinated, incremental cross-border trade reform providing $29.9 million over 4-years as part of the 2024-25 Federal Budget.

The funding will maintain momentum of improvements to the cross-border trade environment and ensure ongoing coordination and alignment of the Simplified Trade System (STS) with other reform efforts across government.

It will invest $20.5 million over 4-years to implement 2 targeted digital projects as part of a Digital Trade Accelerator Program (DTAP) and $9.4 million over 2-years to continue whole-of-government coordination of cross-border trade reforms.

The digital projects are targeted and based on research with industry and partner agencies. The investments will deliver early benefits to business and government. The projects are:

  • The enhancing risk profiling capability project will improve targeting cargo for border and biosecurity protection through enhanced customs and biosecurity risk assessments.
  • The improving government-to-business trade-related data sharing project will enhance business productivity through improving how government connects with and digitally shares trade-related data with business.

The Simplified Trade System Implementation Taskforce has completed its funded work and will transition to a Simplified Trade System Unit (STS Unit) within Austrade from 1 July 2024.

The STS Unit will continue to coordinate the program of funded regulatory reforms, provide integrated advice to government to align future regulatory and digital reforms, and engage with business.

The Australian Government is committed to progress improvements to cross-border trade, and will continue to simplify trade for Australia.

Media release from Minister for Trade and Tourism - Securing Australia’s future in the world

For more information on the Federal Budget 2024-25