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."

Topics:  abbott government economic growth g20 trade

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

How to stop Facebook from grabbing your data

How Facebook can grab your data, and what to do to stop it

UPDATE: Jockey remains in ICU at Coffs Harbour

INJURED: Jockey Kirk Matheson was injured in a fall during racing at Clarence Valley Jockey Club.

Injured jockey Kirk Matheson rushed into surgery.

PHOTOS: Meet our kindy students

Newrybar Public School

My First Year commemorates the start of school for kinders

Local Partners