Australia's government announced a strategy on Monday to create high-tech jobs, and become one of the top 10 defence-industry-exporting countries within a decade, through arms sales to liked-minded nations while also keeping those weapons from rogue regimes.

Australia will create a 3.8 billion Australlian Dollars fund to lend to exporters that banks were reluctant to finance, a central defence export office and expand the roles of defence attachees in Australian embassies around the world.

Prime Minister Malcolm Turnbull said that with 200 billion Australlian Dollars budgeted to increase Australian defence capabilities in the next decade, Australia should rank higher than 20th among arms-exporting countries.