Future
Growth and Prosperity
23 November 2014
Every week this Government is
focusing on how to build a stronger and more prosperous economy.
Last weekend, we made great
progress in strengthening the foundations of future growth and prosperity.
With the visit of President Xi,
Australia concluded negotiations for a free trade agreement with China.
This agreement with China means
more growth, more investment and more jobs.
It’s a better deal for our
farmers – particularly for producers of dairy, beef, wine, seafood, grain and
horticulture.
Industries such as education,
telecommunications, tourism, construction and health will all benefit from
being able to do business in China far more easily.
And households will benefit from
lower prices on white goods, on clothes and on cars.
This agreement builds on the free
trade agreements signed earlier this year with Korea and Japan. These
agreements will set Australia up for the long term.
We’ve also accelerated free trade
discussions with India – one of the largest markets in the world.
This Government is making our
economy stronger with freer trade and better infrastructure.
Last weekend, we also announced
the establishment of a global infrastructure hub in Sydney that will help to
generate jobs and investment.
And across Australia we are
investing $50 billion in the largest infrastructure programme in our history.
In Sydney, WestConnex will create
almost 10,000 jobs during construction and, when complete, by-pass 52 sets of
traffic lights.
In Melbourne, Stage 1 of the East
West Link is expected to allow 100,000 vehicles each day to bypass 23 sets of
traffic lights.
Our progress in trade and
infrastructure is all part of the Government’s Economic Action Strategy to build a strong and prosperous economy
for a safe and secure Australia. |
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