Does Australia need to diversify its trade?

Mark Butler:

We’ve got to diversify our trade, we have focused on South-East Asia, a big strategy put in place over the last year or so. We focus heavily on India, where frankly we could lift our economic partnership. Diversification, not relying on any single market is critically important. We learned that from the tariffs put on by China that we were able to lift. We can’t have eggs in any single basket, whatever basket that is.