Prime Minister Anthony Albanese declared on Thursday that the free market can no longer be relied on to secure the future of Australian manufacturing in new industries.
The Future Made in Australia Act will bring together existing policies like the $15 billion National Reconstruction Fund and critical minerals strategy with investments to be announced in the budget and beyond.
The PM said Australia can't match the giant subsidies provided by our competitors overseas but we can go toe to toe on innovation. He spoke to 7.30's Sarah Ferguson.
Subscribe: ab.co/3yqPOZ5 Read more here: www.abc.net.au/news/2024-04-1...
ABC News In-depth explains the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, 7.30, If You’re Listening, Planet America, ABC News Video Lab and more.
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
For more from ABC News, click here: ab.co/2kxYCZY
Get breaking news and livestreams from our ABC News channel: / newsonabc
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on Twitter: / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNewsIndepth #ABCNewsAustralia
10 апр 2024
