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

I thank Senator Brown for her first supplementary question. I know how significant this agreement is going to be for her constituents in Tasmania.

On 31 July the Albanese Labor government passed the necessary legislation to incorporate the United Arab Emirates comprehensive economic partnership agreement into law. It's a great deal for Australian exporters, with over 99 per cent of all Australian products soon to enter the UAE tariff free, including meat, dairy, grains and minerals. The agreement will also deliver cheaper prices at the checkout, with Australian households and businesses saving about $40 million a year. The UAE has some of the largest sovereign wealth funds in the world, which, through this agreement, will help accelerate Australia's energy transition. The Albanese Labor government will continue to pursue trade agreements just like this one.