Key discussions on AUKUS deal and global security expected during three-day summit.
Prime Minister Anthony Albanese has arrived in Calgary, Canada, to participate in the G7 summit, where he is scheduled to engage in discussions on various pressing international issues, including global security and trade.
The summit will take place over three days in the mountain village of Kananaskis, with leaders from major economies convening to address rising geopolitical tensions and economic challenges.
On the agenda for the summit is a highly anticipated face-to-face meeting between Albanese and US President
Donald Trump.
This meeting comes in the context of the Trump Administration's recent decision to review the $368 billion AUKUS submarine deal, under which Australia is set to procure between three to five Virginia-class submarines by the early 2030s.
The deal has raised concerns regarding future commitments, as either the US or the UK may withdraw from the agreement with just a year’s notice if it is deemed to compromise their own nuclear submarine programs.
In light of this uncertainty, Australian politicians including Barnaby Joyce have suggested that Australia should formulate a contingency plan regarding the AUKUS agreement.
Joyce has raised alarms, noting that immediate action should have been taken following the announcement of the review by the US. Meanwhile, Labor frontbencher Tanya Plibersek has refrained from speculating on the financial implications should the US decide to withdraw from the deal, emphasizing the government's commitment to ensuring the agreement's success.
Albanese’s discussions will also include topics related to defense spending, a point of contention with the US, which has called for Australia to significantly increase its military budget by an estimated $40 billion annually.
Albanese's government has already committed to increasing defense spending by $10.6 billion over the next four years, with a total projected spend of around $60 billion over the next decade.
Plibersek underscored the approach of determining defense needs based on national security rather than arbitrary budget figures.
In addition to meetings with Trump, Albanese is expected to hold discussions with Canadian Prime Minister Mark Carney, Japanese Prime Minister Fumio Kishida, and South Korean President Yoon Suk-yeol.
He will also meet NATO Secretary General Mark Rutte and engage in talks with European Union representatives to promote a new EU security and defense partnership.
Additional domestic policy reforms were also highlighted, including forthcoming regulations affecting early childhood services in Australia, aimed at enhancing child safety protections and addressing concerns related to digital media practices.
The G7 summit this year holds particular significance as global leaders navigate complex issues relating to security, economic recovery post-
COVID-19, and the ongoing consequences of geopolitical tensions in various regions worldwide.