The Federal Government is to establish the first Australian Space Agency, aimed at helping businesses win a greater share of the multi-billion dollar global space market and underpinning a new industry with the potential to create 20,000 jobs.
The Australian Government has signed a treaty with the US National Aeronautics and Space Administration, reaffirming an ongoing commitment by both countries to collaborate on space exploration.
Australia is to establish its own space agency with the federal government set to announce plans for the agency as it looks to cash in on the growing global space industry estimated to be worth $400 billion.
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