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

Trade data for the 12 months to August show that value of our services exports has surpassed the value of our iron ore exports for the first time in six years and in 2015 grew by 10 per cent. The share of services exports as a proportion of our total exports has increased by over a third over the past four years. What does this mean? It means our future FTAs will seek to replicate what we have achieved in our North Asian FTAs, seeking guaranteed access for our health, aged-care, tourism, education, logistics and financial services providers and allowing them to establish a presence in those overseas markets. There is no doubt these agreements will translate into real jobs for all Australians, who are already starting to see the benefits particularly from the China-Australia Free Trade Agreement, which is creating jobs in Australia, stimulating growth and leading to stronger business and cultural ties between our two nations through the exchange of services. (Time expired)