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

This gives us a double whammy of benefit. We have the benefit of the China-Australia free trade agreement, which entered into force on 20 December last year, removing more than 86 per cent of Australia's goods exports to China from tariffs. That is worth more than $90 billion. Also, tariffs on $1 billion worth of other goods exports have been reduced. Once the agreement is fully implemented, 96 per cent of Australian goods will enter China duty free. So ChAFTA combined with this WTO agreement means a double victory for Australian farmers. It is a great tribute to someone whom I now regard as probably the best trade minister in a generation, and that is my colleague in the House Mr Robb.