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

Thank you, Mr President. Such technology is a fine example of the benefits of innovation and invention. Israel is to be commended for the energy and effectiveness of its innovation and technology sector. Israel spends an OECD high of 4.2 per cent of GDP on R&D, has the third largest number of NASDAQ listings after the US and China—a remarkable feat for an economy of its size—and has one of the highest start-up densities in the world. In recent weeks, the Prime Minister, Mr Turnbull, has stated that innovation will, and must be, at the heart of public and private sector activity to drive future growth and prosperity. We have much to learn and share from Israel. That is why, as I mentioned earlier, Israel's chief scientist, Avi Hasson, is in Australia this week exchanging views and insights with Australian innovators— (Time expired)