18 June 2018
The Turnbull Government has commenced negotiations with the European Union (EU) to open new markets for Gold Coast exporters that will create more local jobs.
Local MP and Minister for Trade, Tourism and Investment Steven Ciobo said the EU presents a growing opportunity for Gold Coast exporters.
“An FTA with the EU will open up a market for Australian goods and services of 500 million people and a GDP of US$17.1 trillion, making it one of Australia’s biggest trade agreements once concluded,” Mr Ciobo said.
“The FTA could bring Australia to a level playing field with other exporters that already enjoy duty free access into the EU, while also lowering prices for EU retailers, manufacturers, and consumers.
“An EU FTA will help Gold Coast exporters compete and break into this major market.”
Mr Ciobo said Gold Coast services exporters could also benefit from an FTA.
“We will look to lock in access and create new opportunities for local services exporters, with a focus on education and professional services. We will also explore rules and initiatives to support the digital economy, innovation and increase opportunities for high-technology starts ups,” he said.
“The Coast’s expertise in key growth sectors such as health, education and tourism are well suited to meet EU demand.”
Mr Ciobo said the Turnbull Government is pursuing the most ambitious trade agenda in Australia’s history and more agreements will help Gold Coast exporters grow and employ more locals.
“The more the Gold Coast is exporting, the more that business will invest and the more local jobs there will be,” Mr Ciobo said.