ADVERTISEMENT

DAN Tehan has been announced as the new federal trade minister, replacing Simon Birmingham,

Senator Birmingham has earned a promotion, taking over the finance portfolio.

“Australia is a trading nation. Our prosperity has been built on trade and our future relies on it,” Mr Tehan said in a statement.

“Trade creates jobs, drives innovation and underpins our economic growth. Trade is a mutually beneficial relationship between nations that enhances friendships, understanding, respect and co-operation,” he said.

ADVERTISEMENT

“I will engage, listen and work tirelessly to advance Australia’s trade interests.”

Mr Tehan said Australia’s relationship with the world had been an enduring interest.

“As a diplomat, as a senior adviser to the trade minister and as director of trade policy and international affairs at the Australian Chamber of Commerce and Industry, I have always strived to engage constructively with all nations, and this will be the approach I will continue to take,” he said.

Mr Tehan was previously the education minister.

ADVERTISEMENT