Marise Payne (NSW, Liberal Party, Minister for Human Services) Share this | Hansard source

I can assist Senator Bushby on that matter, in relation to investment and services opportunities particularly. Today services constitute around 70 per cent of Australia's economic activity, and China is Australia's largest services market, with exports in services valued at $7 billion in 2013 alone. It is therefore very significant that, in ChAFTA, China has offered Australia their best-ever services commitments in an international FTA other than their own agreements with Hong Kong and Macau, their very close relations. Most valuably, this includes new or significantly improved market access for Australian banks, for insurers, for securities and futures companies, for law firms, for professional services suppliers and for education services exporters, as well as in health, aged care, construction, manufacturing and telecommunications services businesses in China. All of these industries are set to benefit and grow from this landmark trade agreement with China. (Time expired)