Following the first review of Austrade in 20 years, Australia’s Government has set the organization a new priority – to help Australian businesses deal with difficult and emerging foreign markets.
The review of Australia’s Trade Commission found that it is trying to do too much, and needs to refocus.
The Australian Trade Minister, Craig Emerson, says some offices in North America and Europe will close and new ones will be opened in Mongolia and Central Asia.
He says the review found Austrade had taken on too many varied projects from different governments.
“So they were being spread to thinly and trying to be all things to all people,” Mr Emerson said. “This review is designed to refocus Austrade’s activities, so that it is more effective in doing its job.”