Marise Payne (NSW, Liberal Party, Minister for Human Services) Share this | Hansard source

I thank Senator Back for his supplementary question. On the full implementation of the ChAFTA, 95 per cent of Australian goods exports to China will be tariff free. Significantly, tariffs will be abolished for Australia's $13 billion dairy industry. Australia's beef and sheep farmers will also gain from the abolition of tariffs ranging from 12 to 25 per cent. Tariffs will also be eliminated on a wide range of Australian manufactured goods, including pharmaceutical products and car engines. In this achievement, the Australian government has secured the best ever market access provided to a foreign country by China on services, with enormous scope to build on an export market that is already worth $7 billion. This means more jobs and it means higher living standards for Australians as well.