• Hannah Phillips

G20 Finance Ministers And Central Bank Governors Meeting

The Treasurer Scott Morrison announced on Friday that he was travelling to Buenos Aires, Argentina, to attend the third G20 Finance Ministers and Central Bank Governors Meeting under Argentina’s 2018 G20 Presidency.

He said “While global economic growth remains robust, the risks to the outlook are increasing.

The meeting will take place against the backdrop of ongoing financial vulnerabilities in emerging market economies and global trade tensions”.

“Economic integration from open trade and investment has benefited Australia greatly. I will use the meeting to stress to my colleagues the importance of keeping markets open. History is clear: when trade barriers go up, growth and jobs go down”.

“Harnessing the benefits of technology, while dealing with the challenges it brings, is a key focus for Argentina’s Presidency this year”.

He said his discussions covered the future of work in the face of technological change, crypto-assets and technological innovation in the financial sector, and how we can ensure a fair and modern international tax system.

He also used the tax session to call for continued discussions on a multilateral solution to the tax challenges of the digital economy.

In addition to the G20 meeting, the Treasurer met with United States Treasury Secretary Steven Mnuchin, United Kingdom Chancellor Philip Hammond, Canadian Finance Minister Bill Morneau, Netherlands Finance Minister Wopke Hoekstra, as well as the President of the European Central Bank Mario Draghi and Managing Director of the International Monetary Fund Christine Lagarde.

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