Senate debates

Thursday, 10 September 2015

Questions without Notice

Trade with China

2:45 pm

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

I thank Senator Whish-Wilson for the question. If forecasts for the free trade agreement had been factored into Treasury's forecasts on growth, I imagine you would have criticised us for doing that before the free trade agreement was ratified. I think it has been demonstrated repeatedly in the chamber this week—not just by me but by Senator Brandis, Senator Scullion Senator Birmingham and a number of ministers in the chamber—that the potential under the China-Australia Free Trade Agreement is absolutely enormous. Whether it be the Financial Services Council or the National Farmers' Federation, all peak bodies are looking with extreme interest at what they will be able to do in their sectors. More importantly, they are looking at what the damage to their sectors will be if the free trade agreement is not signed this year. We know that there will be—

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