Christopher Pyne (Sturt, Liberal Party, Leader of the House) Share this | Hansard source

A business like Textor Technologies will take full advantage of the Trans-Pacific Partnership. Businesses like Atomo Diagnostics—which the member for Grayndler has probably not heard of, but they exist in his electorate—produce a simple blood test that replaces costly and time-consuming blood testing procedures with one easy-to-use device. Atamo Diagnostics plan to expand that business into the United States. They will now be able to do so knowing that in the United States and all the Trans-Pacific Partnership countries, their intellectual property will be protected, giving them comfort, reducing their costs—savings that can be reinvested in the business or be taken as profits to then be reinvested in the business—creating jobs and creating growth in the economy. This is the future for Australia: to build on mining, to build on agriculture, to build on everything else, but also to use innovation to become a First World modern economy.

See this speech in context