House debates
Wednesday, 11 November 2020
Bills
Appropriation Bill (No. 1) 2020-2021; Consideration in Detail
7:10 pm
Andrew Gee (Calare, National Party, Minister for Decentralisation and Regional Education) Share this | Hansard source
As we on this side of the House know, Australia's exporters are vital to the ongoing success of our economy. This month we recorded our 33rd monthly trade surplus—it's quite an achievement. This is the result of the hard work of Australian farmers and Australian businesses, large and small, right across our country, complemented by unwavering support from those on this side of the House.
When COVID-19 disrupted global supply chains earlier this year, we swiftly stood up the International Freight Assistance Mechanism. This has helped over 7,000 flights depart Australia, carrying over $2.6 billion worth of high-quality, high-value Australian produce since March. It's supported over 155,000 jobs and provided an economic lifeline to thousands of Australia's highest value producers. The International Freight Assistance Mechanism will continue until the middle of next year, thanks to an extra $317.1 million announced in the budget.
We've also stepped up efforts to provide exporters the information they need to make the most of opportunities in Australia's free trade agreements, whether that be through the delivery of the 12-part digital seminar series during COVID-19 or the free trade advantage digital learning platform launched by Minister Birmingham last Monday.
This year we've also expanded our collection of free trade agreements to 14 agreements and counting, following the entry into force of the Indonesia-Australia Comprehensive Economic Partnership Agreement in July, and there's been great interest right across the economy and around the nation in this new agreement. Our FTAs now cover over 70 per cent of our nation's two-way trade. No. 15 is just around the corner with the Pacific Agreement on Closer Economic Relations, PACER Plus, due to enter into force on 13 December. This will herald a range of new trade and investment opportunities with our Pacific neighbours, and we won't stop there. Negotiations are continuing for FTAs with the European Union and also the United Kingdom, while the Regional Comprehensive Economic Partnership is on track to be signed by the end of this year.
This is all about maximising choice for Australian exporters. This has proven to be especially important in 2020, given the disruptions to supply chains caused by COVID-19 and the recent escalating trade tensions with China. We've been working closely with Australian industry to support their efforts to diversify their export markets. At the same time, we continue to stand firmly alongside industries that have been impacted by the disruption of trade to China.
China is our largest trading partner and is likely to remain so into the foreseeable future. However, the government is deeply concerned by the escalating nature of the disputes we are currently experiencing and the challenges it is causing Australian exporters, whether that be the tariffs on barley, import restrictions on meat, investigations into wine or the increased testing of our rock lobsters at Chinese ports. As each issue has arisen, the government has engaged extensively with Chinese officials to understand and seek its resolution. At the same time, we continue to provide every possible assistance that we can to impacted exporters to ensure they maintain the access they ought to have to the Chinese market—access that has been secured through partnerships our exporters have fostered over a long period of time through incredibly hard work.
The government will continue to engage extensively with China at every available level and stand ready to facilitate ministerial-level dialogue. We'll also continue to call upon China to conduct its trading relationship with Australia in a manner consistent with its obligations, whether through the WTO or CHAFTA and the market orientated principles that underpin WTO membership.
Commitments that China has made to us privately, as well as to the international community more publicly, need to be honoured and we, on this side of the House, will always pursue the policy settings that support our farmers and exporting businesses because they are critical in generating jobs and investment in our regions.
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