Trade and investment create job opportunities for Australians. More than 450,000 jobs have been created since the Coalition came to government.
We delivered break-through free trade agreements with China, Japan and South Korea and upgraded our free trade agreement with Singapore. These free trade agreements are delivering thousands of jobs and growth opportunities for Australian businesses.
Up to 10,000 new jobs are expected to be created in the financial services sector alone by 2030. In the first year of operation, our agreements with Korea and Japan delivered real benefits for the agricultural sector: the value of Australian exports of fresh beef to Japan increased by 22 per cent to just over $1 billion; exports of bottled wine to Korea increased 53 per cent; and China’s imports of fresh Australian lobster between January and March were triple those of 12 months ago.
Australia’s economy will be $24 billion larger by 2035 because of the Coalition’s free trade agreements with China, Japan and South Korea. The free trade agreements with China, Japan and South Korea are forecast to create some 7,900 jobs this year and over 14,500 jobs in 2020.