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Interview with Australia's Hon. Steven Ciobo, MP, Parliamentary Secretary to the Minister for Foreign Affairs and the Minister of Trade and Investment

09 Sep 2015

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Interview with Australia’s Hon. Steven Ciobo, MP, Parliamentary Secretary to the Minister for Foreign Affairs and the Minister of Trade and Investment.

Steven Ciobo, Australia’s Parliamentary Secretary to the Minister for Foreign Affairs and the Minister of Trade and Investment, on why structural reform is needed and priorities for addressing it within APEC.

TRANSCRIPT:

WHY IS STRUCTURAL REFORM IMPORTANT TO AUSTRALIA?

Australia’s very focused on what we can do to promote the advantages that come from structural reform particularly in relation to the services trade. The fact is that it’s through structural reform that we’re really able to really drive productivity. By driving productivity we’re able to promote increased job growth, we’re able to promote increased economic growth and that’s really important across the region. Australia’s been a big beneficiary of structural reform, we’ve had 24 years of continuous economic growth. We want nations throughout the APEC region to enjoy those benefits and we really think that the key to it is structural reform in the services sector to remove barriers to trade that exist beyond the borders and that’s really been at the center of our focus.

THE PRIORITIES FOR AUSTRALIA AT THE 2ND APEC STRUCTURAL REFORM MINSTERIAL MEETING IN CEBU.

Australia’s been a big beneficiary of structural reform over the past couple of decades and we’ve enjoyed 24 years of continuous economic growth and some of that has been through some pretty difficult economic times in a global context. We’ve had to recognize of course that structural reform isn’t always straight forward. Sequencing is important of course to bring the people with you, to have an open dialogue with the people of any nation and in Australia’s context of course with the Australian people about what the advantages are from structural reform in terms of creating economic growth, in terms of creating more employment opportunities. These have really been the major selling points that we’ve been able to highlight to talk about the success that we’ve achieved and of course we’d love to see that replicated throughout the APEC region.

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