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The order of the day having been read for the resumption of the debate on the question—That the Bill be now read a second time—

Debate resumed by Dr Martin who moved, as an amendment—That all words after "That" be omitted with a view to substituting the following words:

"whilst not declining to give the bill a second reading, the House is of the opinion that:

(1) the $150 million funding cap on the Export Market Development Grants scheme has led to a 37 percent decline in the level of real funding;

(2) Australia's prosperity and economic security depend on increasing the number of Australian companies engaged in exporting;

(3) the Government's aim of doubling the number of Australian exporting companies by 2006 has not been accompanied by the necessary resources for implementation;

(4) the Government's consistent failure to develop a coherent strategy for Australia's trade policy gives Australian business owners no cause to hope for adequate assistance in reaching their export goals; and

(5) Australia's prosperity is under threat because of the Government's failure to deliver on its commitment to trade, as evidenced by:

 (a) its capitulation to the United States Government over steel tariffs;

(b) its unwillingness to influence the United States Government to overturn the new provisions of the US Farm Bill;

(c) its inability to secure a Free Trade Agreement with any country; and

(d) its neglect of the Cairns Group at such a critical time in multilateral trade negotiations".

Debate continued.

Amendment negatived.

Question—That the Bill be now read a second time—put and passed—Bill read a second time.

Leave granted for third reading to be moved forthwith.

On the motion of Mr M. A. J. Vaile (Minister for Trade), the Bill was read a third time.