Senate debates
Tuesday, 11 February 2014
Questions without Notice
Republic of Korea: Free Trade Agreement
2:11 pm
Eric Abetz (Tasmania, Liberal Party, Minister for Employment) Share this | Hansard source
Again, the Greens leader needs to read the whole document. If she would have read the Korean free trade agreement proposal, Korea currently has an eight per cent tariff on Australian automotive parts, and Korea is Australia's largest market for gearboxes and second-largest market for car engines. So removing the eight per cent tariff that Korea had on our automotive production would have actually helped because the tariff we had in Australia was not eight per cent, it was five per cent.
That shows the sorts of benefits that could have flowed, and hopefully which will flow, to the Australian manufacturing sector—besides, might I add, all the primary sectors which will do so exceptionally well by the removal, for example, of the 300 per cent tariff on potatoes. How good will that be for our state? (Time expired)
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