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

Every day that the opposition refuses to support this landmark agreement is a day of lost opportunities for Australians. And I am going to remind this chamber every day I have the opportunity of where those opportunities will be lost. Failure to ratify the agreement will cost the red meat industry $100 million, the dairy industry up to $60 million, the wine industry up to $50 million and the grains industry more than $43 million. The coal industry says that every week of delay will cost it about $4.6 million a week in extra tariff payments on thermal and coking coal. And, as I have said, the Financial Services Council warns that if the ChAFTA does not proceed it would cost our economy more than $4 billion and some 10,000 jobs in financial services alone by 2030. So those opposite face a major economic test. Will they continue decades of bipartisan support for freer trade and support this outstanding agreement, which will create tens of thousands of jobs, or will they not? (Time expired)