House debates Questions without Notice
Trade with the European Union
Anthony Albanese Grayndler, Australian Labor Party, Prime Minister
2:05 pm
I thank the fantastic member for Bullwinkel for her question. This deal delivers real economic benefits for Australia: $10 billion in economic growth; 98 per cent tariff-free trade with the second largest economy in the world market, with 450 million people; investment in dynamic future industries, like critical minerals; and building on our record of growing agricultural exports. This is about more Australian jobs and lower prices for Australian consumers. Without this deal, other nations that have trade agreements with Europe will benefit instead of Australia.
I'm asked what support there has been for the Australia-EU Free Trade Agreement. Well, for one, Mathias Cormann, the OECD Secretary-General, said:
I would vote in favour. It is a very good deal for Australia …
… by any measure it would put Australia in a better position in a market of 450 million people.
… If we don't sign, we face another 10 years of the same poor access, while New Zealand, Canada … get further and deeper into that market ahead of us.
Simon Birmingham, chief executive of the ABA and former trade minister, said:
… in total, there is good to be had by getting an agreement like this in force and giving Australia that extra diversification, those extra trade markets …
The Australian Chamber of Commerce and Industry: 'Business is backing the Australia-EU Free Trade Agreement. Eight years in the making, it is time for parliament to get this deal done. Business wants this deal done. If we lose this opportunity we won't get it back.' And the Business Council of Australia:
The Business Council reaffirms its support for the Australia-European Union Free Trade Agreement …
This agreement is the result of years of complex negotiations … on balance we consider the overall economic benefits of the agreement better than the status quo, and that it should be ratified and implemented.
The Minerals Council:
Parliament's support for the Australia-European Union Free Trade Agreement (A-EU FTA) would send a clear message that Australia wants to supply more minerals—especially critical minerals—at more competitive prices to growth markets in Europe.
AUSVEG, the peak body for 3,600 farming groups: 'We want to see this FTA enacted because it has the potential to bring tens of millions of dollars in benefits.' The Australian Automotive Dealer Association:
We urge the Parliament to support the agreement and provide greater certainty for businesses to continue investing in these relationships into the future.
This is in Australia's national interest. It should be agreed, and everyone in this parliament should back it.
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