“The Government believes that, over time, Australia can become a major defence exporter,” the export strategy says. The government says Australia currently only sells about $1.5bn to $2.5bn in defence exports a year. Malcolm Turnbull on Monday unveiled his government’s $US3.1 billion “defence export strategy” which outlines the policy and strategy to make Australia one of the world’s top 10 weapons exporters by 2028. “A strong, exporting defence industry in Australia will provide greater certainty of investment, support high-end manufacturing jobs and support the capability of the Australian Defence Force,” he said, according to The Guardian. Australia is ranked the 20th largest arms exporter in the world.

Source: Huffington Post January 29, 2018 06:00 UTC