I will visit Argentina from 13-14 September to represent Australia at the latest G20 Trade Ministers’ Meeting.
During this meeting I will continue to reaffirm Australia’s commitment to a rules-based and multilateral trading system, and how this is essential for continued economic stability and global prosperity.
With the evolving global trading environment, I also look forward to discussions with my colleagues on the ongoing improvement and strengthening of the WTO to ensure it continues to serve the needs of its members.
This includes progressing efforts to update the WTO rules on e-commerce and digital trade, and discussions on how global value chains in the agriculture and food sectors can open new market opportunities for our farmers, our innovators and our businesses.
In addition to the G20 Trade Ministers’ Meeting, I look forward to holding a series of bilateral discussions with my G20 counterparts and meeting representatives of Australian companies working in the mining, agribusiness and services sectors in Argentina.
Australia welcomes Argentina’s G20 presidency in 2018, including the opportunities it creates for Latin American countries to deepen their trade and engagement with Australia and the Asia-Pacific region.
The G20 has made significant contributions over the past decade, including helping to stabilise the global economy following the global financial crisis, and progressing reforms in financial regulation and international taxation.
In 2017, G20 members represented 86.4 per cent of global GDP and accounted for 76.8 per cent of the world’s trade.
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