Matthew Canavan (Queensland, Liberal National Party) Share this | Hansard source

I move:

That the Senate notes that:

(a) Australia's export of coal to China is worth approximately $9.3 billion per year;

(b) China currently imposes a tariff of 3 per cent on these coking coal exports and a 6 per cent tariff on thermal coal exports;

(c) the signing of the China Australia Free Trade Agreement will eliminate the 3 per cent coking coal tariff immediately, and the 6 per cent tariff on thermal coal within 2 years;

(d) the elimination of these tariffs will save Australia's coal industry around $380 million per year leading to more jobs for Australians in an industry which already directly employs 54 000 people; and

(e) the displacement of poorer quality coal from other countries with Australian coal will reduce global emissions significantly.

Question agreed to.