Effectiveness and outcomes of Australia's aid program—2018 inquiry
One of the most fundamental economic principles is that the economy of any country benefits when it engages in international trade. Using aid to stimulate trade is a valuable objective for Australia’s aid program. It not only benefits the recipient country, but it also benefits the region and Australia.
Growing a country’s international trade requires coordination and support across multiple different areas: infrastructure development, micro, macro and international economic policy, institutional capacity building and governance development, and firm-level support. Of these, providing the right support to the right businesses is critical for achieving the desired development outcomes.
Its aid program is not the only way the Australian Government is growing trade in developing countries. Multilaterally, Australia is helping to grow trade through its international advocacy for an open international trading system based on rules. Expanding Australia’s free trade network also contributes to growing the trade of developing countries in the region.
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"In 2014 Vekta Automation became involved in the Export Awards and started to get a better understanding about the role of the Export Council of Australia. After attending a seminar in Perth in February 2019 the decision was instantly made and we signed up the next day. A decision we should have made 5 years earlier. For Vekta, the information, expertise and networking opportunities that the ECA provides has been valuable. It is reassuring knowing that there are experienced and knowledgeable people we can turn to when advice is needed."
Established in 1970, Mavlab Animal Health Pty Ltd is a Queensland based, family-owned, GMP licenced manufacturer of veterinary pharmaceuticals and pet care products. Mavlab has an extensive range of prescription and over the counter products sold in a growing number of global markets. Contract manufacturing opportunities are also available.