QUESTIONS WITHOUT NOTICE
Mr ALBANESE (Grayndler—Prime Minister) (14:24): I thank the member for Moore for his question and for the work that he's done, including when he was there last night with the Australian Chamber of Commerce and Industry, engaging with business about the benefits that can come from free trade—in this case, our free trade agreement delivered after eight years of negotiation with the European Union, the world's second largest economy.
It is an agreement that was advanced with the visit of Ursula von der Leyen, who, of course, spoke to this parliament earlier this year. There are 27 new European markets for Australian products. Trade will be 98 per cent tariff free.
There are 450 million Europeans who want our Australian goods because they're the very best in the world. Why wouldn't you want Australian products? But, at the same time, it puts downward pressure on inflation because it makes European products cheaper for Australians here at home.
Now, at a time of global uncertainty, one would have thought that this agreement was unquestionably a win—a win for primary producers, a win for jobs and a win for consumers. But, importantly, it is a win as well for Australian businesses, which is why the Australian business community want this agreement to be endorsed. It is in Australia's national interest, and that's why this House and the Senate should simply vote for it.
One would've thought that, for a political party that pretends that it is pro business and that it supports markets, it would be an absolute no-brainer for this to go through the Senate. We can perhaps understand political parties like the Greens political party being opposed. They don't really like trade.
But it is, quite frankly, extraordinary for those opposite to question whether they will support this free trade agreement. So the test is very clear: do you support free trade that lifts Australian exports? Do they support Australian jobs?
Do they back our primary producers and Australian manufacturing? For every Labor member, the answer is very clear: we support this agreement. We back Australian trade and we engage with the world because it helps us deliver a stronger economy here at home.
I invite the whole parliament to back this agreement. If not, it will expose the coalition as frauds when it comes to support for trade.