Trade Minister Andrew Robb has appointed a prominent Sydney business executive to review the Export Market Development Grants (EMDG) scheme.
Mr Michael Lee, the former CEO of Zip Industries, will undertake the mandatory review of the EMDG scheme, which was established to help businesses tap into potential export markets, through the promotion of their products and services overseas.
Mr Robb said Mr Lee is well-qualified to conduct the review.
“Mr Lee is a highly experienced business executive whose solid track record demonstrates a deep understanding of the challenges Australia’s international businesses face,” Mr Robb said.
“The EMDG scheme is of critical importance to Australian exporters; we have recently increased its funding by $50 million over four years, in order to help ensure our export businesses remain competitive.
“The review will give exporters the opportunity to provide comment and insight into how the scheme works for them.”
Public submissions will soon be invited, with public meetings to be held around Australia.
This would ensure a wide range of views are canvassed within the timeframe of the review, which is to be completed by June 30, next year, Mr Robb said.
“Appropriate funding of the EMDG scheme allows eligible businesses to plan their exporting efforts, in the knowledge that adequate funding for EMDG grants will be available to support them,” he said.
During his time at Zip Industries – a world leader in instant boiling water – Mr Lee was instrumental in expanding its operations to Malaysia, New Zealand and the Middle East. Mr Lee also helped build the business in Australia and the United Kingdom.