Senate debates

Wednesday, 15 May 2024

Questions without Notice

Budget

3:03 pm

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

I thank Senator Polley for her question. Her questions are always excellent. I know she is very interested in Future Made in Australia, as is the Albanese government.

Our plan is about maximising the industrial benefits for Australia as we move to net zero while securing our place in the new global economy. Our government's $22.7 billion Future Made in Australia package is all about promoting growth of new export industries by leveraging our world-class resources and advantages in renewable energy because the transition to a renewable economy means more well-paid, secure jobs in the energy sector. It means Australian workers can power the nation while helping to meet our commitments to net zero. We will continue working with our trading partners to ensure that we remain an indispensable part of the global economy by building new clean energy industries and supply chains in renewable hydrogen, green metals, batteries and critical minerals processing, just to name a few.

We've committed $520 million to deepen trade in net zero industries through stronger engagement in our region to help us to become a renewable energy superpower. We'll launch new efforts to improve our competitiveness on the world stage by working with trade partners to support global rules on unfair trade practices and negotiate benchmarks to boost trade in our critical minerals, because this government, the Albanese government, knows that a future made in Australia will create more trade opportunities with our partners, and more trade means more jobs and higher wages for Australian workers.

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