 For Australia and the world, 2011 can be the year of trade. The coming year can be one during which the Doha round of multilateral trade negotiations can be brought to a successful conclusion. The Trans-Pacific Partnership of nine APEC economies can be advanced ahead of the US-hosted November APEC meeting in Honolulu. A trade agreement with Korea can be finalised. An agreement with Japan can be advanced. Deadlock negotiations with China can be unlocked. Further liberalisation with countries like Indonesia and Malaysia and the Gulf States can be progressed and perhaps negotiations with India and a number of Latin American countries can be commenced. Australia must not wait for other governments to reform their economies before reforming ours. Australian economic reform is good for jobs, good for prosperity. As reformers, we have never waited for the world and we need not wait for the world now.