Home topics news Image Credit: Abyan Athif on Unsplash News News Government activates $50m network to help Australian exporters diversify into new markets Yajush Gupta January 14, 2026 Minister Farrell reveals 40 industry bodies selected for new network designed to help Australian businesses expand into the Middle East, Southeast Asia and beyond. What’s happening: The Albanese Government has announced 40 national peak bodies across Australian industries will join a new Trade Diversification Network under the $50 million Accessing New Markets Initiative. The network will develop tailored activities including trade missions, training and showcases to help exporters diversify into new markets. Why this matters: With 32 per cent of Australia’s economic output supported by trade and one in four jobs connected to exports, the network aims to reduce dependence on traditional trading partners and build resilience by connecting businesses with emerging opportunities in regions including the Middle East and Southeast Asia. The Albanese Government has announced the members of a new Trade Diversification Network that will bring government and industry closer together to support Australian exporters to diversify and grow into new markets. Following a competitive application process, 40 national peak bodies across a broad range of Australian industries have been selected to join the Trade Diversification Network as part of the Albanese Government’s $50 million Accessing New Markets Initiative. 40 bodies selected Building on work already underway, the network will work with government to identify and develop tailored activities such as trade missions, training and showcases to facilitate export diversification,