Arthur Sinodinos (NSW, Liberal Party, Cabinet Secretary) Share this | Hansard source

The great state of Victoria already benefits from trade and exported more than $20 billion of goods last year alone. This is set to grow, with four free trade agreements coming into force. Thanks to the work of this government and the hardworking, indefatigable Minister for Trade and Investment, around 20 per cent of Victoria's goods exports are sold to China. One of these is MtM Automotives—you will be interested in this, Senator Carr—a 50-year-old medium-sized Australian company based in Melbourne. MtM specialises in the design and manufacture of complex value-added automotive and non-automotive components, employing 100 people in Melbourne. The managing director of the company, Mark Albert, said:

Under ChAFTA, the 10% tariff on the parts we manufacture in Melbourne and sell to China, will be eliminated over 4 years following entry into force of ChAFTA, this is great news for our business.