Tony Abbott uses address to World Economic Forum in Davos to promote virtues of free trade | Australia

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Tony Abbott uses address to World Economic Forum in Dos to omote virtues of free ade

release 24 Jary 2014, 14:06 AEST
Philip Williams and staff

ime Minister Tony Abbott has called for freer ade and increased global growth at a keynote speech at the World Economic Forum in Switzerland.

Tony Abbott uses address to World Economic Forum in Dos to omote virtues of free ade (Credit: AAP) 

He told the audience of business and political leaders that stimulating growth through encouraging business was the single most effective means of omoting continued global ogress.

Mr Abbott, who is the ch of the this year, said the world was 30 million jobs short of where it was ahead of the global financial crisis.

He said, however, the crisis did not change the laws of economics.

"You can't spend what you hen't got," Mr Abbott told the meeting in Dthe.

"No couny has ever taxed or subsidised its way to osperity. You don't address debt and deficit with yet more debt and deficit.

"And ofit is not a dirty word, because success in business is something to be oud of."

Mr Abbott said that as a ading nation, Ausalia would make the most of its esidency to omote free ade.

"People ade with each other because it's in their interests to do so," he said.

"And just as ade within counies increases wealth, ade between counies increases wealth.

 

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