Simon Birmingham (SA, Liberal Party, Minister for Trade) Share this | Hansard source

There indeed has been modelling undertaken. There was modelling undertaken some time ago by the Peterson Institute for International Economics, which found that the TPP-11 would boost Australia's national income by half a per cent and boost exports by four per cent. More recently, modelling undertaken by Johns Hopkins University and Brandeis International Business School that has been released indicates real benefits of the TPP-11, estimated to be by 2030 some $15.6 billion in net annual benefits to national income and an increase in exports of nearly $30 billion. These are demonstrations of the types of national economic benefits that will accrue from the activities of the types of businesses I was speaking about before. They will have improved access into key international markets. They'll be able to increase their sales, and, from that activity we will see greater prosperity across the Australian economy.