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

I can do that, Senator Sinodinos. Last week in Parramatta in Western Sydney, the Minister for Trade and Investment, Andrew Robb, addressed a very popular free trade agreement seminar on just this subject. We all know that Western Sydney is an absolutely vital part of our economy, with two million people and over 150,000 local businesses. For a company like RBK Nutraceuticals from Seven Hills, the demand for their health supplements is increasing in China, Korea and Japan. Under the FTAs, RBK is set for a triple bonus of benefits, with Korea's eight per cent tariff to be eliminated by 2018, Japan locking in duty-free access and China's 20 per cent tariff to be fully lifted within four years. That can only help improve RBK's competitive position. It makes it easier for them to grow, prosper and employ more Australians—more people in Western Sydney—which is exactly what these trade agreements are all about. (Time expired)