Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

Those commitments depend on a strong economy. Today I was with Senator Seselja and the trade minister visiting an innovative company in Canberra, iSimulate, which is a health technology business that has 80 per cent of its sales in exports. They are benefitting from the big trade deals that we've done in our region, including, of course, the Trans-Pacific Partnership to come. They're looking forward to a free trade agreement with the European Union. As honourable members know, the EU has approved its mandate, and the negotiations for that free trade agreement will begin later this year.

We know that free trade—open markets—creates jobs, and yet it has been the Labor Party that has opposed free trade. It's Labor that's said, 'The Trans-Pacific Partnership should be abandoned.' It's Labor, with the CFMEU, that campaigned in a manner that was disgraceful and racist against the China-Australia Free Trade Agreement. We all remember those advertisements. I can well understand honourable members opposite wanting to forget them, but they ran them. They ran against that free trade agreement, which has been so important.

We have an economic plan that is encouraging businesses to invest with lower taxes, that is ensuring that hardworking Australian families keep more of what they earn and that is opening up more and bigger markets for Australian businesses, and that is why they are creating jobs. iSimulate is one of thousands of businesses today whose prospects would be threatened by a Labor government.

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