Simon Birmingham (SA, Liberal Party, Assistant Minister for Education and Training) Share this | Hansard source

The benefits are immense. The benefits are immense because China already buys around one-third of Australia's exports, valued at nearly $98 billion in 2014. It is our top overseas markets for agriculture, for resources and for services. The opportunity is there, in the world's most populous economy, to grow in all of those different industries. Chinese investment in Australia has been growing strongly in recent years, reaching almost $65 billion in 2014.

The opportunities exist for more Chinese investment in Australia, creating more jobs and more industries in Australia, as well as more Chinese purchasing of Australian goods. That means there will be more jobs. That is the good news for Australians. It is a mystery as to why Senator Wong and all those opposite stand against the job creation that the China-Australia free trade agreement will bring to all Australians.