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

I thank the honourable senator for his supplementary question. Under this agreement, 98 per cent of tariffs amongst the 12 member nations will go. Tariffs on $9 billion of Australia's dutiable exports to TPP member nations are eliminated. This will further increase our competitive advantage in world markets. In agriculture, in particular, the TPP will eliminate tariffs on more than $4.3 billion worth of Australia's dutiable exports of agricultural goods—yet another boost for rural and regional Australia, because we love rural and regional Australia. Sugar, dairy, beef, iron, steel, pharmaceuticals, machinery, paper, automotive parts, rice, grains, wine, engineering, oil exploration—