Senate debates

Wednesday, 9 September 2015

Questions without Notice

Trade with China

2:34 pm

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

If the free trade agreement is not supported by the end of this year, what those opposite will do is consign the tourism industry, for example, to not being able to safeguard what is already a $5 billion Chinese tourism market, growing at 20 per cent a year. In agriculture, the National Farmers Federation advise us that delaying in agriculture alone will cost $300 million just in 2016, with untold flow-on effects to rural and regional communities and enterprises. The Financial Services Council warns that, if the free trade agreement is not progressed, it can cost our economy more than $4 billion and some 10,000 jobs in financial services alone by 2030. It is incomprehensible that those opposite cannot see the opportunities and the advantages and the importance of progressing this free trade agreement.

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