Tony Abbott: G20 trade deals should focus on global picture

PRIME Minister Tony Abbott has told international business leaders that new trade deals should not be a trade-off, but rather focus on the global picture.

Mr Abbott addressed the B20 in Sydney this morning, ahead of a gathering of G20 finance ministers preparing for the G20 meeting in Brisbane later this year.

After setting an economic growth target of 2% for all G20 nations, Mr Abbott said the critical test of trade policy was "whether it helps business in the real world".

"We need to lose the mercantilist view that a 'concession' in trade negotiations can only be granted for something given in return," he said.

"Trade liberalisation is worth doing, even unilaterally, because free trade means more efficiency; more efficiency means more wealth; more wealth means more jobs."


Council worker a finalist

Council worker a finalist

CQUniversity student mixes outdoors with study.

Dressing up for a cause

Dressing up for a cause

Pirates in Emerald to raise money for charity

Comet joins region's vibrant show circuit

Comet joins region's vibrant show circuit

Community thrilled with 2018 Central Highlands show circuit

Local Partners