Opened the debate
Hill argued that the bill would deliver commercial and strategic advantages by strengthening ties with Australia's largest Middle Eastern trade partner. Hill noted that two-way trade reached $23.7 billion in 2024, driven by substantial investment flows. The agreement aims to eliminate tariffs on over 99 per cent of exports by value, generating estimated savings of up to $160 million annually. Hill stated that the legislation establishes necessary rules of origin and document retention requirements within the Customs Act. Hill commended the bill following a positive recommendation from the Joint Standing Committee on Treaties.