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

I thank Senator Ciccone for his first supplementary question. Yes, I can. Australian exporters will benefit across the board from this comprehensive trade agreement. As mentioned, the deal will remove tariffs on over 99 per cent of Australian exports to the UAE. It will deliver real benefits for Australian farmers and food producers, with estimated tariff savings of over $50 million per year. The mining industry will also benefit through tariff cuts on exports such as alumina, which is valued at more than $1 billion currently.

For Australia, the agreement will see cheaper prices at the checkout, thanks to the tariff removal on UAE-made household items, including furniture and building supplies. Australia's households and businesses will save around $40 million a year. It's a great deal for the Australian economy. (Time expired)