PM optimistic on free trade front

Malcolm Turnbull insists political developments abroad connected to a backlash against open markets should not be cause for pessimism for the free trade agenda.

Malcolm Turnbull remains optimistic about the global free trade agenda and its benefits for Australia despite a growing wave of protectionism in the US and parts of Europe.

"It's easy to get pessimistic because of a few political developments but I think the trajectory in favour of free trade will continue," the prime minister told international business channel Bloomberg TV on Tuesday.

Mr Turnbull said open markets were manifestly in Australia's interest because it was a much more trade-dependent economy than the US.


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Source: AAP



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