One in five jobs now involve trade-related activities. This will grow as liberalised trade gives our producers, manufacturers and services providers better access to billions of consumers across the globe, not just the 24 million who call Australia home.

However, not everyone sees the value of free trade. Some see it, and the forces of globalisation, as a threat to their standard of living, rather than an opportunity to improve it.

When it comes to free trade, we often hear about the bad but not the good.

The nature of news means the factory closing gets more coverage than the one opening.

Chances are you heard about the Ford plant closing, but not the $800 million Boeing has invested in Australia and the 1200 people who work at their Port Melbourne facility.

You may have heard about Cubbie Station, but not heard that its purchase staved off bankruptcy, and has since seen millions of dollars invested in upgrades of water-saving infrastructure, a doubling of contractors, more workers, and of course, money put into the local economy supporting jobs and local businesses.

Key to attracting investment, jobs

The free trade agreements the Coalition concluded with the North Asian powerhouse economies of China, Japan and Korea are key to attracting investment and creating more local jobs.


The Weilong Grape Wine Company has said the China-Australia Free Trade Agreement is the reason it's planning to build a new plant in Mildura.

This is a story being played out across the country.

Businesses large and small, rural and urban, are taking advantage of the preferential market access the FTAs offer Aussie businesses into the giant, growing markets of North Asia.

Australian Honey Products is building a new factory in Tasmania to meet the demand the trifecta of FTAs has created.

Owner Lindsay Bourke says the free trade agreements have been "wonderful" for his business. "We know that we are going to grow and it's enabled us to employ more people, more local people," he said.

It is the same story for NSW skincare manufacturer Cherub Rubs, who will have to double the size of their factory. "The free trade agreements with China and Korea really mean an expansion, which means new Australian jobs manufacturing high-quality products," said Cherub CEO John Lamont.

It is easy to see why the three North Asian FTAs are forecast to create 7,900 jobs this year, according to modelling conducted by the Centre for International Economics.

Australia has a good story when it comes to free trade. In the past three years, net exports accounted for more than half of Australia's GDP growth.


Exports remain central to sustaining growth and economic prosperity. Last year exports delivered $316 billion to our economy, representing around 19 per cent of GDP.

This underscores the importance of free trade and why it is a key element of the Turnbull Government's national economic plan.

The Coalition is pursuing an ambitious trade agenda, and more free trade agreements, to ensure our economy keeps growing and creating new jobs.

On Friday I arrive in Peru for the Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting.

Free trade will be at front of everyone's mind.

With the future of the Trans-Pacific Partnership (TPP) looking grim, my ministerial counterparts and I will work to conclude a study on the Free Trade Area of the Asia-Pacific (FTAAP), which sets out agreed actions towards a future free trade zone.

We will also work to finalise a services road map, which will help grow Australian services exports in key markets including education, finance and logistics.

More to be done


The Coalition has achieved a lot when it comes to free trade, but there is more to do.

Momentum is building for concluding a free trade agreement with Indonesia, work towards launching free trade agreement negotiations with the European Union continues, we've established a working group with the United Kingdom that will scope out the parameters of a future ambitious and comprehensive Australia-UK FTA and we're continuing to negotiate the Regional Comprehensive Economic Partnership (RCEP), which brings together 16 countries that account for almost half of the world's population.

The Turnbull government will continue to pursue an ambitious free trade agenda to keep our economy growing and creating more jobs.

Meanwhile Opposition Leader Bill Shorten continues to build the case for Labor's embrace of more protectionist policies, claiming he will learn the lessons of the US election where it featured heavily.

What Labor doesn't say though is that by adopting a closed economy mindset, they will close off the investment and jobs flowing from free trade. They're saying no to Boeing's $800 million investment in Australia and the Cubbie Station improvements; they're saying no to businesses like Cherub Rubs and Australian Honey Products building new factories and the many local jobs they will create.

Steven Ciobo is the Minister for Trade, Tourism and Investment