Damien O'Connor: Outgoing Trade Minister on the necessity of the new free trade agreement

The outgoing Trade Minister is adamant that the country's new FTA with the EU is necessary.  The agreement has been passed by the European Parliament and is expected to come into force early next year.  However, meat and dairy farmers have criticised the limited gains we've secured, which saw Australia pull out of a deal last month.  But Damien O'Connor told Mike Hosking the reality is that we can't just shut up shop to free trade.  He says if we don't have it it'll cost us all a lot more money, make us less efficient, and lead to poor use of our resources.  LISTEN ABOVE See omnystudio.com/listener for privacy information.