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Australia launches "Back Australia" to boost manufacturing, now 5.9% of GDP, with national support for local goods.
Australia has launched the "Back Australia" campaign to revive its struggling manufacturing sector, with Prime Minister Anthony Albanese and business leaders urging consumers to support locally made goods.
Manufacturing now accounts for just 5.9% of GDP, down from 29% in 1960, raising concerns over economic and national security risks.
The campaign, backed by major companies like Coles, Bunnings, Westpac, and BHP, promotes the Australian Made, Australian Grown (AMAG) logo as a reliable indicator of domestic production.
Research shows most Australians prefer local products, and a 2023 report found manufacturing output rose 2.8%.
Experts stress the need for streamlined regulations and a national taskforce to boost self-reliance, especially in defense and infrastructure.
Australia lanza "Back Australia" para impulsar la manufactura, ahora el 5.9% del PIB, con apoyo nacional para los productos locales.