Don Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

Yes, I can talk about those things, because a priority of the Albanese government has been to work to stabilise our relationship with China, by far our largest trading partner.

Notwithstanding steps taken towards a stable relationship with China, prudent businesses will continue to diversify their markets. Recent experience demonstrates that over-reliance on any single trading partner comes with its risks. The Albanese government has been encouraging Australian businesses to continue with their diversification plans and take advantage of new and emerging markets. A key element of the government's trade diversification agenda is entering into new and comprehensive free trade agreements. The United Kingdom and the Indian markets now offer new opportunities for Australian producers and traders. And, we are currently in tough negotiations to conclude the best trade deal possible with the European Union. (Time expired)