‘Made in Australia’ won’t trigger subsidy arms race, minister says

London | The Albanese government’s Future Made in Australia industrial policy does not pitch the country into a new global race to ramp up subsidies, according to one of the prime minister’s economic lieutenants.

Assistant Trade Minister Tim Ayres, who has just been in Paris for a summit of the 38-country Organisation for Economic Cooperation and Development, said government intervention to support and develop domestic industries was emerging as a new global norm.