The Australian Government’s International Freight Assistance Mechanism (IFAM) is supporting more flights to Narita and Los Angeles, commencing next month.
The International Freight Assistance Mechanism (IFAM) is a targeted support measure put in place by the Australian Government to keep global air links open in response to the ongoing effects of the COVID-19 pandemic.
IFAM maintains global air connections and protects hard fought market share, while targeting support where it is needed most and buying Australian businesses time to align their operating models to ‘new-look’ supply chains.
Since April 2020, IFAM has reconnected 9 Australian ports to 58 international destinations and helped the movement of high-value perishable Australian products to international customers. The program has also enabled the import of nationally important goods, aiding Australia’s pandemic response.
On 11 March 2021, the Australian Government announced a further $112.8 million in funding to extend IFAM to the end of September 2021, giving Australian businesses reliant on airfreight extra time to adapt to the new international trade environment.
As an island nation, it is essential that Australia maintains air connectivity to key markets. The extension of IFAM will ensure the aviation sector is supported until the COVID-19 vaccine rollout is well underway; retaining Australia’s reputation as a reliable global trading partner.
By keeping key airfreight routes open, IFAM is providing Australian businesses disproportionately affected by COVID-19 time to adapt their business models, adjust to a new and tougher trading environment and preserve jobs.
Source: ausveg.com.au
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