Today Prime Minister Anthony Albanese has met leaders from the world’s major economies at the G20 Leaders’ Summit in Brazil.

The G20 represents 85 per cent of global GDP. It is a critical forum for world leaders to discuss and work through the worldwide inflation surge and to work together on solutions.

G20 leaders met across two days and also discussed reforms to global governance, sustainable development and the clean energy transition.

The Prime Minister spoke about the need for concerted action to keep working through the worldwide inflation surge and its impact on people, and the anti-inflationary measures the Government has taken in Australia while also providing important cost of living relief. 

The Prime Minister joined with other Leaders to discuss the need for climate action and how to seize the economic opportunities of the net zero transition – something Australia is doing through its Future Made in Australia agenda.

As this year’s G20 Chair, Brazilian President Lula launched the Global Alliance against Hunger and Poverty at the Summit which aims to galvanise global cooperation on food security. Australia is proud to be a founding member and will support other Alliance members by sharing our expertise as a major food producer and exporter in contributing to food security and poverty alleviation in our region.

The Prime Minister also met with China’s President Xi Jinping, their third formal meeting —further contributing to the continued stabilisation of the bilateral relationship. Renewed dialogue with China is beneficial to build understanding on the issues that matter to us both. It also helps us to navigate our differences wisely and to build upon areas where we can cooperate­ — without compromising on Australian interests.

The Prime Minister and President Xi discussed further progress on areas of cooperation, including climate change and energy transition, increased ministerial engagement, and economic and trade links. Leaders also discussed bilateral, consular, human rights, regional and international issues.

The Prime Minister also met Prime Minister Starmer, Turkiye President Erdogan and European Commission President von der Leyen. The Prime Minister hosted Prime Minister Modi for the 2nd Australia-India Annual Summit and held a range of engagements with other leaders in the sidelines of the G20 to discuss bilateral priorities and advance Australia’s interests.

Prime Minister Anthony Albanese said, “We have focussed on achieving outcomes here that will support jobs and economic growth for Australians at home.

“Australians are feeling the effects of the worldwide inflation surge, and the G20 allows us to work with other major economies on global solutions to continue easing the pressure.

“I congratulate President Lula on a successful G20 Presidency in 2024 and look forward to working with President Ramaphosa as South Africa assumes the G20 Presidency for 2025."