:01:11. > :01:19.That having the instrument of trade policy back in our own hands, can
:01:20. > :01:23.lead to a better outcome for our industry rather than pooling that
:01:24. > :01:29.with the might of the Europdan Union. It's a specific question
:01:30. > :01:32.Which is better? You want to maximise your trade opportunities
:01:33. > :01:41.with all of your export markets or potential export markets. You can't
:01:42. > :01:47.have it both ways. We want to do more trade with Australia, for
:01:48. > :01:52.example, but that should not be at the cost of less trade with Germany.
:01:53. > :01:55.We want to do more trade with Germany and Australia and in these
:01:56. > :01:59.discussions over the next couple of years we need to try and find
:02:00. > :02:07.arrangements that enable us to do both. One final effort from either
:02:08. > :02:11.of you really on trade. I agree with everything you have said in terms of
:02:12. > :02:15.outcomes, but there is a me`ns and there is an important decishon to be
:02:16. > :02:19.made. We can talk about the means, but it will be helpful for two
:02:20. > :02:28.people who have had a significant impact on shaping our financial
:02:29. > :02:32.policy to give a clue to whhch side you want the country to point.
:02:33. > :02:41.Either we will secure trade agreements with the European Union
:02:42. > :02:47.and it will be seen in the context of priority with the Europe`n Union,
:02:48. > :02:59.or we can have our trade for our industries. What is your advice We
:03:00. > :03:03.should try and avoid. We will be leaving our live coverage from the
:03:04. > :03:08.committee rooms. You can continue watching on our website.