Discussion on economic modeling for the EU Free Trade Agreement and the broader resilience of food supply chains and regional economies in the food security strategy.
Topics: EU free trade agreement, Trade policy, Food security
Speakers: Hon Matthew Canavan, Dr Jared Greenville, Unknown Speaker, Senator Glenn Sterle, Hon Richard Colbeck, Tina Hutchison
EU free trade agreementTrade policyFood securityHon Matthew CanavanDr Jared GreenvilleUnknown SpeakerSenator Glenn SterleHon Richard ColbeckTina HutchisonSenate Rural and Regional Affairs and Transport Legislation CommitteeSupplementary Budget Estimates 2026–27Senate Rural and Regional Affairs and Transport Legislation Committee, 27 Oct 202623976
Transcript
Tina Hutchison
>> Yes.
Hon Matthew Canavan
>> Okay. And obviously I'll take it up withtrade but have you done any modeling onthe impact of the trade deal onAustralian agriculture?
Dr Jared Greenville
>> So we understand that DEFAD hascommissioned some modeling. Um they've
Hon Matthew Canavan
commissioned some
Dr Jared Greenville
>> they've commissioned some modeling whichthey we will be able to provide in
Hon Matthew Canavan
>> we do it before we agreed to it.
Dr Jared Greenville
>> I think
Hon Matthew Canavan
>> so we did nothing before. I think part
Dr Jared Greenville
of the key reasons for the commissioningat the time was once the agreement wassettled so that they could model theagreement. Um and we'll
Hon Matthew Canavan
>> So I see that the trade minister's beenout saying there's 10 billion. Where'sthat figure from?
Dr Jared Greenville
>> Um that's certainly a question you ask.
Hon Matthew Canavan
>> We'll definitely be taking that up. All>> Uh well I suppose it'll be for defat.You don't know who they've commissioned.
Dr Jared Greenville
Um yeah, I think it would be bestquestion for
Hon Richard Colbeck
who have that expertise.
Hon Matthew Canavan
>> I think Senator McDonald is going tohave a few
Senator Glenn Sterle
>> questions. I know I know Senator Tur has
Hon Matthew Canavan
some questions too. So I'll just come
Senator Glenn Sterle
across to Senator Tur and then across toyou Senator McDonald. And will that seethe end of outcome one?
Hon Matthew Canavan
>> No, I've got a few. I'm going to ripthrough but I've just got a few topics.