Senator CORMANN (Western Australia—Minister for Finance) (14:23): I thank Senator Back for his very important question. The Australia-China Free Trade Agreement will be a key driver of our future economic success. It will be giving Australian exporters better access to a key market—the second largest economy in the world, our biggest trading partner already. This free trade agreement will give Australian exporters better access to that market by bringing down the cost of providing products and services into that market, and by doing that it will help Australian exporters be more successful and help them to employ more Australians. Senator Wong does not seem to be taking this very seriously at all. Senator Wong should be embarrassed, and under the weak leadership of Mr Shorten the Labor Party is standing in the way of stronger growth and more jobs that would inevitably flow from the China-Australia Free Trade Agreement. Senator Bushby: Shame. Senator CORMANN: It is a shame, as Senator Bushby quite rightly points out. The China-Australia Free Trade Agreement will deliver more jobs, it will deliver higher wages, it will obviously deliver increased exports and it will deliver better living standards here in Australia—these are all things that Labor is standing in the way of. China, as I have indicated, is already Australia's largest trading partner. It buys almost a third of all Australian exports, valued at nearly $98 billion in 2014. The opportunities to grow that are immense, in particular in the services space and in the agricultural space, and if you look at the services market, in particular, $8.2 billion worth of services are exported into China, which we will be able to grow significantly while significantly boosting jobs along the way. (Time expired)