AUSTRALIAN MoD: “PROTECTIONIST MEASURES ALWAYS BRING ONLY ILLUSIONARY GAINS – SO WE HAVE THE AUSTRALIAN CAPABILITY PROGRAMME”

Australia’s MoD has issued a Defence Industry Policy Statement. Major acquisitions programmes will put emphasis on technology transfer, industrial capability, and job creation. “As you may be aware,” says an obtuse announcement, “unlike many other programmes, Australia does not have an offset programme that imposes special local obligations on overseas companies...

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