Markets and trade
 

Detail

Area
Australia
Commodity Group
Meat
Commodity
All
Date
20/04/2020
Policy Category
Trade
Policy Instrument
Government support
Description
Announced a temporary measure to help restore critical global supply chains that have been impacted by COVID-19 containment measures around the world. Called the International Freight Assistance Mechanism (IFAM), it is worth AUD 110 million (around USD 69 million). The IFAM helps producers of high-value agricultural and fisheries products, including premium red meat (bovine, sheep and pig meats), to resume servicing supply contracts with their international customers.