Hon DAMIEN O'CONNOR: The trade-led recovery strategy launched by Ministers in 2020 supports the Government's wider five-point recovery plan. We find ourselves in an increasingly difficult trading environment. Globally, we are in a time of international turmoil and geopolitical uncertainty. Global supply chains are disrupted, and our exporters are facing rising offshore trade barriers and subsidies. It is for this reason that the Government is implementing the trade-led recovery strategy. The strategy includes 41 actions delivered by 11 agencies to support exporters. APEC is a key deliverable of this strategy as part of efforts to reinvigorate trade architecture and global economic institutions. In the face of concerning global trends, we are looking to use APEC to support open markets, resist protectionism, and generate sustainable growth.