There are huge opportunities to grow our food and fibre industries: timber, wood products, furniture, paper products manufacturing, as well as developing newer materials like carbon fibre, light-weight materials, bio-products and advanced polymers.
These industries are creating new opportunities for local jobs and investment, both along the food and fibre value chain and throughout other manufacturing sectors.
Both food and fibre manufacturing industries are concentrated in regional areas and both these industries and workers face the same challenges from the increased use of technology and moving to Industry 4.0.
Only Labor understands there is a continuing need for innovation, enterprise capability and commercialisation support in these strategic industries.
Labor’s plan will support Australian made food and fibre manufacturing. Labor has also announced that a Shorten Labor Government would prioritise Australian made and locally made products through procurement policies, including in the food and fibre industries. Labor’s $25 million food and fibre industry strategy will:
Labor will also make an additional $10 million investment to expand the Mackay Renewable Biocommodities Pilot Plant so it can develop new fermentation, separation and product purification technologies, and develop new product types, including green chemicals and biotechnology products.
This is all part of Labor’s plan for a 21st century manufacturing economy.
We will pay for it by making multinationals pay their fair share and closing tax loopholes used by the top end of town.