Trade Minister Don Farrell will assure Asian counterparts Australia remains a reliable supplier of coal and gas, and try to lure tourists during visits to Tokyo and Seoul.
Trade Minister Don Farrell will personally reassure Japanese and South Korean counterparts that Australia remains a reliable supplier of resources after Queensland’s coal royalty hike and speculation over the gas trigger causedIn his first visit as a minister to Tokyo and Seoul, Senator Farrell will also discuss interest in locking in Australia as an alternative source to China of critical minerals, which will require significant investment from Japan and Korea to extract and process materials.
Both countries sought assurances from Canberra that gas exports would not be disrupted when the Albanese government announced in July it would– the so-called gas trigger – until 2030. The government has subsequently negotiated extra gas from suppliers without needing to hit the industry with export controls.
“A key message I will be delivering is that Australia is a stable and low-risk destination for investment, and now is the time to invest in new clean energy projects,” he said,
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