My question is to the Prime Minister. How does Australia's free trade agreement with the European Union grow our economy, create jobs and boost investment in the industries of the future? Why is this deal in Australia's national interest?

I thank the member for Gilmore for her question. The many agricultural producers in her beautiful South Coast electorate stand to benefit from the Australia-EU free trade agreement, because this is an agreement that delivers for Australia in Australia's national interest. It delivers for our future economic growth and for productivity—98 per cent of trade with the EU, tariff free, delivering $10 billion in additional economic growth and trade. It's building the productive industries and jobs of the future by eliminating tariffs on Australian critical minerals and energy. It's building on the one in four jobs in Australia that depend on trade, including the 338,000 jobs that rely on two-way trade with Europe.

The deal delivers growth for primary producers in the ag sector. It removes all tariffs on Australian wine into Europe. It removes tariffs on Australian fruits, vegetables and tree nuts. It removes 87 per cent of tariffs on Australian dairy exports. It delivers an eight-fold increase of Australia's beef exports. It delivers a five-fold increase in Australian sheep meat exports. It's a better deal for Australian red meat than the agreement between the EU and South American nations, at a time when free trade is under siege right around the world, something that we know will be emphasised when I meet with both President Trump and President Xi at the APEC meeting to be held in Shenzhen next month.

We know that the division which will be there in the debate is about whether we support trade or not—is it a good thing or not? Australia has been, since the 1980s, on the side of free and fair trade. That has been a bipartisan position. The deal tells the world that Australia backs free and fair trade. We want to see more of it because we know that working together with like-minded countries gets better result for every economy. We negotiated hard with Europe, with 27 European nations, across our government, the previous government and the government before that. The outcome is a deal that delivers for Australia and for our national interests. Senators must recognise this and must act to deliver for the Australian economy, for growth and for our national interest.