Extension to the International Freight Assistance Mechanism
13 July, 2020
On 3 July, the Australian Government committed an additional $241.9 million to continue the International Freight Assistance Mechanism (IFAM), helping keep international freight routes and flights operating until the end of the year.
This funding is in addition to the $110 million announced in April to establish the IFAM under the $1 billion Relief and Recovery Fund to support regions, communities and industry sectors disproportionately affected by COVID-19.
The $240 million funding injection will extend support and gives Australian businesses more time to re-engineer their business models and adjust to a new and tougher trading environment created by COVID-19.
For more information on IFAM, visit: www.austrade.gov.au/ifam.