Finance Minister Nicola Willis has met with Australian Treasurer Jim Chalmers in Brisbane for the annual trans-Tasman economic dialogue, with talks focusing on fuel supply disruptions, rising price pressures, and closer economic integration.
The meeting comes amid global instability linked to conflict in the Middle East, with both sides agreeing to maintain close coordination on fuel markets, supply chains, and financial system resilience.
“New Zealand and Australia are working closely together to manage the impacts of global events on our economies and on household budgets,” Willis said.
The pair also discussed the strain of higher fuel and freight costs on Pacific nations, backing continued targeted support through international partners. Emphasising the need for cautious fiscal management, Willis added that governments must deliver “measured responses that are timely, temporary and targeted” to avoid fuelling inflation.
Both ministers reaffirmed their commitment to advancing the Single Economic Market agenda to boost trade, investment, and economic resilience across the region, while also taking part in business discussions and upcoming Anzac Day commemorations.
