Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

It is a shame, as Senator Bushby quite rightly points out. The China-Australia Free Trade Agreement will deliver more jobs, it will deliver higher wages, it will obviously deliver increased exports and it will deliver better living standards here in Australia—these are all things that Labor is standing in the way of. China, as I have indicated, is already Australia's largest trading partner. It buys almost a third of all Australian exports, valued at nearly $98 billion in 2014. The opportunities to grow that are immense, in particular in the services space and in the agricultural space, and if you look at the services market, in particular, $8.2 billion worth of services are exported into China, which we will be able to grow significantly while significantly boosting jobs along the way. (Time expired)