On April 11 (Fri) at 16:00 (KST), Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok held a video conference with Australian Treasurer Jim Chalmers at Government Complex-Seoul, during which they discussed the recent global economic situation and ways for cooperation between Korea and Australia.

DPM Choi and Treasurer Chalmers shared the view that uncertainty in the global trade environment could have a negative impact, both direct and indirect, on the economies of the two countries which have a high reliance on trade, and discussed policy measures in response to uncertainty.

In particular, they emphasized the importance of mutually beneficial cooperation between the two nations to ensure stability in supply chains in areas such as energy and critical minerals amid the increased global uncertainty, and agreed that joint efforts should also be made for free and fair trade through multilateral fora including the G20.

Lastly, they noted that Korea and Australia have long maintained a close partnership, and said the two countries will continue to work together to overcome the current challenges.

The Korean government will continue to pursue close communication with Australia and other major countries.

Please refer to the attached files.