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rath
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PostPosted: Mon Sep 22, 2008 1:25 pm    Post subject: Austarlian Prime minister, off to the white house yet again! Reply with quote
 
September 21, 2008 - 9:46AM


Financial regulation and climate change will be top of the agenda as Australia's Prime Minister' Kevin Rudd is forced to once again, to head off to New York on his eighth overseas visit this year, Due to the United States economic and military incompetence.

Officially, Mr Rudd is heading to the epicentre of the global credit crisis to address the UN General Assembly but the visit comes at an opportune time for an update by US financial regulators.

He will use the visit to meet a variety of economic officials, which Mr Rudd believes will be crucial in helping Australia deal with the fallout from the US turmoil.

The prime minister flies out after question time on Monday and will use a brief refuelling stop in Honolulu to meet Admiral Timothy J Keating, commander of the United States Pacific Command.

Mr Rudd touches down in New York late Monday (about 1500 AEST Tuesday) and will attend the opening of the UN General Assembly the next morning.

On Wednesday, he will take part in a Commonwealth Heads of Government meeting on reform of financial regulation, where he will speak about international institutions.

Mr Rudd will give an address to the UN General Assembly on Thursday, where he will focus on climate change and financial regulation in his presentation.

He will inform world leaders about Australia's $100 million plan to develop a new global carbon capture and storage institute.

The new institute would start out in Australia with the objective of helping meet the G8 commitment to have at least 20 industrial scale-carbon capture and storage projects in operation by 2020.

His packed itinerary also includes a roundtable discussion on health and education, and another on climate change.

He will renew his acquaintance with US President George W Bush at a commemoration service for the fallen in Iraq, and will host a meeting of prime ministers and foreign ministers from small-island nations.

In between official functions, Mr Rudd will meet a variety of world leaders.

He is expected to have formal bilateral meetings with more than a dozen world leaders, as well as informal meetings with another 10 to 15 leaders.

Foreign Minister Stephen Smith, who will also be in New York, has a heavy schedule of bilateral meetings.

In particular, Mr Smith is expected to meet a number of leaders from Africa and South America.

Food security and the cost of fuel will be among the issues Mr Smith will discuss, while the recent changes in Zimbabwe may also come up during meetings with African leaders.

Mr Rudd flies out of New York on Thursday evening.

© 2008 AAP
 

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