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PM to promote Australian business at APEC summit

Anthony Albanese has wrapped up a successful G20 summit where he reset relationships, progressed trade talks and pushed Australia’s position on climate change.

Nov 17, 2022, updated Nov 17, 2022
Australian Prime Minister Anthony Albanese speaks during the G20 Summit in Bali. Photo: Willy Kurniawan via AP

Australian Prime Minister Anthony Albanese speaks during the G20 Summit in Bali. Photo: Willy Kurniawan via AP

The prime minister will travel to Bangkok on Thursday afternoon for the APEC summit, the final leg of his nine-day tour of Southeast Asia.

Bilateral meetings with the leaders of France, India and the United Kingdom completed Mr Albanese’s time in Bali.

But his most significant success was securing a meeting with Chinese President Xi Jinping.

It marked the end of a six-year diplomatic freeze and the start of better diplomatic relations.

Mr Albanese would not confirm whether he will meet with Taiwan representatives in Thailand.

“APEC is an important forum. I look forward to promoting Australian business, economic activity and investment in the region,” he told reporters in Bali on Wednesday.

Australia joined G20 nations in condemning Russia’s invasion of Ukraine.

A leaders’ statement released at the end of the summit said “most members” strongly condemned Russia’s invasion.

Mr Albanese noted it was the first time a statement on Ukraine had been delivered by members of the G20.

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“Russia is increasingly isolated … Australia stands with Ukraine,” he said.

Mr Albanese also talked up Australia’s European links, commitment to clean energy and pandemic preparation.

He put his Italian heritage front and centre during talks with his European colleagues while progressing discussions on Australia’s free trade agreement with the European Union.

“There’s a link between economic relationships, free trade and national security,” Albanese said.

“Democratic nations need to engage with each other (and) we need free and open markets that support trade that support prosperity.”

Australia will also contribute $50 million to the Pandemic Fund, hosted by the World Bank, to improve pandemic prevention, preparedness and response.

The prime minister is expected to arrive in Thailand on Thursday afternoon.

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