Andrew Hastie (Canning, Liberal Party) Share this | Link to this | Hansard source

My question is to the Prime Minister. Will the Prime Minister update the House on why Australia is strongly positioned to take advantage of emerging opportunities in the global economy?

Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Link to this | Hansard source

I thank the honourable member for Canning for his question and congratulate him, again, on his joining our ranks and on his first question in the House.

There is no nation in the world better positioned than ours to take advantage of the great opportunities emerging in the global economy. This is truly the most exciting time to be an Australian. Our nation has never had before it so many opportunities as it does today.

Ms Butler interjecting—

Tony Smith (Speaker) Share this | Link to this | Hansard source

The member for Griffith will cease interjecting.

Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Link to this | Hansard source

We are here, in the Asia-Pacific, in a region of unprecedented growth, where countries that had barely participated in the global economy a generation ago are now playing an enormous part. China, 40 years ago barely part of the global economy, is now the single largest nation economy in the world. And we have, through the efforts of the trade minister, been able to open up further to Australian enterprise and business and imagination and innovation one big market after another—Korea, Japan, China and now the 12 nations in the Trans-Pacific Partnership.

Ours is a government that is widening the horizon for Australian innovation. Above all, what we have is a confident nation. This is a time not for complacency, not for arrogance, but for pride in Australia and confidence in our people. We believe in the capability. We believe in the imagination. We believe in the enterprise of Australians. We do not seek to frighten them out of prosperity as the Labor Party does. And we are seeing confidence is recovering in this country. The National Australia Bank survey: confidence recovered in September. The highest turnaround in sentiment since 2001.

Ms Butler interjecting—

Tony Smith (Speaker) Share this | Link to this | Hansard source

The member for Griffith is warned!

Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Link to this | Hansard source

The ANZ consumer confidence survey: up strongly; just now, at its highest since early 2014. There are similar results from the Westpac-Melbourne Institute consumer sentiment survey. The Australian people recognise that confidence is key and they share the confidence of the government. They are not deterred by the fear campaign of the opposition. They know that they are up to the challenge. They know that they are able to seize the opportunities offered by these free trade agreements. They know that they can seize the future. They are not afraid of it. They know they can win, and we will win. We have the best positioned economy in the region. We have everything we need to win—and win well—in the Pacific century.

Tony Smith (Speaker) Share this | Link to this | Hansard source

Before I call the member for McMahon, the member for Griffith might not have heard, but she was warned during that answer.