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

As the opposition should be aware, through the JSCOT process, we've already concluded one of these updates of bilateral investment treaties, with the government of Uruguay. We intend, as I've just outlined, on pursuing that with the other countries with whom Australia has bilateral investment treaty arrangements in place. In terms of other countries who may be seeking—as proactively as we are committing to do—to update their investment treaties, I'm not aware that's a priority of many other countries, so Australia will be playing a leading role there. But there are multilateral discussions, using various international fora, looking at the best-practice approaches in relation to investment treaties, and Australia is an active participant there, as are a number of other countries.