Prime Minister Scott Morrison and French President Emmanuel Macron are close to finishing $50 billion submarine building contract.

Australia’s $50 billion deal with France to build new submarines will be personally dealt with between Scott Morrison and Emmanuel Macron in order to get it done quickly.

The prime minister met with the French president at the G20 in Buenos Aires on Friday afternoon local time and they discussed the submarine strategic partnership agreement.

“We made a lot of progress there, the SPA is progressing extremely well,” Mr Morrison told reporters after the meeting in Argentina.

“We agreed that we can elevate that back up to leader-level to ensure it’s finalised in the near term.”

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