Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

(—) (): G20 countries—representing about 86 per cent of the global economy—supported in Brisbane two per cent additional growth above business as usual. So far, as a result of initiatives and multiyear commitments adopted by countries around the world we have been able to get about one-third of the way, according to analysis by the IMF, the OECD and the World Bank. Further initiatives, in particular in the context of investment—in particular through private sector participation—will add an estimated one per cent to global growth by 2018, according to the OECD. Australia also tabled at the G20 meeting our updated growth strategy—our contribution to global growth. In it you will not be surprised to hear me say that we relate our ambitious infrastructure investment program to our ambitious free trade agenda, which involves increased trade with Korea, Japan and China— (Time expired)