Prime Minister Albanese joined world leaders in New Delhi this weekend for the G20 Leaders’ Summit to discuss collective responses to the world’s most pressing economic challenges.
G20 leaders discussed global measures to ease cost-of-living pressures, including free, fair and rules-based trade, enhancing supply chain resilience and shoring up food and energy security.
Australia’s attendance at the G20 Summit allows our country to work with the world’s major economies to shape solutions for our region and the world.
Climate change was high on the agenda, with Prime Minister Albanese advocating for collective action and outlining Australia’s plan to become a renewable energy superpower.
Australia also supported G20 work to deliver better, bigger and more accessible multilateral development banks to help developing countries, including in the Pacific, to pursue sustainable development and respond to climate change.
Discussion at the Summit highlighted the negative impact that Russia’s illegal invasion of Ukraine is having on the global economy, as well as its abhorrent toll on the people of Ukraine.
While at the Summit, the Prime Minister met bilaterally with some of Australia’s closest partners, including Indian Prime Minister Modi and Prime Minister Kishida of Japan.
Prime Minister Albanese and Prime Minister Kishida welcomed early progress under the Joint Declaration on Security Cooperation, including the recent entry into force of the Australia-Japan Reciprocal Access Agreement. This Agreement allows Australia and Japan to undertake more frequent defence training and exercises together, and with other partners, to make the region more secure.
Prime Minister Albanese and Prime Minister Kishida also discussed the importance of continued cooperation on our respective energy transition commitments.
During the Prime Minister’s Summit bilateral meetings he advocated for expedition in settling both the Australia-India CECA and Australia-EU FTA agreements as soon as possible to benefit Australian trade and economy.
The Prime Minister also attended a MIKTA Leaders’ Gathering with Mexico, Indonesia, the Republic of Korea and Türkiye, where leaders discussed how to enhance inter-regional cooperation and strengthen multilateralism to target global challenges.
Quotes attributable to Prime Minister Anthony Albanese:
“I was honoured to join world leaders at the New Delhi G20 Leaders’ Summit this weekend, hosted by Prime Minister Modi.
“As we have seen, the global economic environment directly affects Australian households. That is why it’s crucial Australia contributes to global discussions on easing cost-of-living pressures.
“The G20 will continue to work together to drive global economic cooperation as we respond to shared challenges and navigate the global economy back to strong, sustainable and resilient growth.
“I thank Prime Minister Modi for India’s Presidency of the G20 this year, and look forward to working closely with President Lula da Silva as Brazil assumes the Presidency for 2024.”
