Senate debates

Thursday, 3 August 2023

Motions

Albanese Government

4:21 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

Yes, the grown-ups. It was left to the grown-ups to finish the job that the now opposition failed to do. Of course, that's been a wonderful development.

It's very much a part of the diversification strategy which this government has implemented to ensure that we're not solely dependent on one or two economies to keep our businesses thriving, which they are. Anybody who's been keeping an eye on the terms of trade will know that those terms of trade are higher and better for Australia than they have ever been at any time in my lifetime, and I've lived a lot longer than all of you. Those terms of trade are delivering. And, of course, that UK free trade agreement and all the associated benefits are adding to that contribution. In fact, I saw Gina Rinehart on the TV. Not only has she mineral interests; she also has cattle interests, and she was predicting at one stage that she might be able to deliver tens of thousands of tons of wonderful Australian beef into the UK market as a result of this new free trade agreement.

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