Every aspect of the economy now needs to be considered from the trade aspect. It is for this reason that I launched the annual Trade Outcomes and Objectives Statement in Parliament on the 5th of February. The Statement brings a clear focus to trade policy and establishes for the first time a comprehensive and integrated structure in which we can maximise our trading opportunities. Let me return to the Statement shortly, but first let me say a little more about the particular challenges and opportunities posed by technological changes. The technological revolution provides massive opportunities in all areas of activities.
Technological change is one of the most powerful factors driving policy and the world of ideas.
The challenge will be how we can use the opportunities it presents to advance our national well-being. Technological change also drives the development of international trade. It opens up borders that otherwise would remain closed. While tariffs are still an important impediment to the expansion of our exports, market access is no longer only about border protection. Investment, market presence, movement of professional people and the protection of ideas have become crucial for the expansion of international trade.