We need globalisation, free trade: PM

Prime Minister Malcolm Turnbull will talk up globalisation to business people in New York, rejecting recent populist sentiment against it.

Australian Prime Minister Malcolm

Prime Minister Malcolm Turnbull will talk up globalisation to business people in New York. (AAP)

Malcolm Turnbull will defend globalisation and global trade in a speech to prominent Australian and American business people in New York.

The prime minister will tell an American Australian Association reception on Sunday night (local time) that despite recent populist sentiment against globalisation, millions have jobs, affordable education and social support because of the hard-won, global trading system.

Pushing for the need for the US Congress to ratify the Trans-Pacific Partnership (TPP), he will say that free trade is more than the key to prosperity - it is the means to unite economies in the region.

Mr Turnbull will describe the US-Australia relationship as a partnership built on the values of democracy, freedom and the rule of law.

Noting we are living in a period as uncertain and complex as any time since the start of the Cold War, he will say the future is full of change and disruption, but also opportunity.

Mr Turnbull will also tell the audience that northern Australia presents the next great frontier for US investment, with opportunities in agriculture, agribusiness and infrastructure.


Share
Published 19 September 2016 1:30pm
Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world