Under this respect, in spite of the fact that the single market was already a goal of the founding fathers of the European Union – as set out in the Treaty of Rome – there is still significant progress to be made.
And while our economies have had their ups and downs, they have also proved to be pretty resilient. Australians and Canadians also understand that the benefits from openness can fall unevenly across our communities. We recognise that while openness makes the size of the pie bigger, it can also affect the distribution of the pie in a way that our societies feel uncomfortable with.