Historic trade deal: How Australia-India ‘ECTA’ is a global model
2 years, 4 months ago

Historic trade deal: How Australia-India ‘ECTA’ is a global model

Firstpost  

Recent reports suggest that the Business Council of Canada has urged the government of the north American nation to try and seal a trade deal with India on the lines of the Australia-India Economic Cooperation and Trade Agreement. The Canada business body has argued in a report that ECTA represents a great example of building business ties with India, currently the world’s fastest growing major economy of nearly 1.4 billion people. The ECTA deal between Australia and India is historic in every sense — India’s first such successful negotiation in more than a decade after one with Japan in 2011 — and it allows the Quad partners to strengthen their relationship and boost each other’s economies even as they collaborate with the US and Japan in facing down Chinese ambitions in the Indo-Pacific. Such a deal is particularly important as India has refused to be part of two major China-led initiatives in multi-nation trade deal making, the Regional Comprehensive Economic Partnership, and the Belt and Road Initiative. ECTA also shows how this can be achieved with ambition — the deal not only seeks to double trade between Australia and India in five years, but it also allows for new strategic dimensions and imagination on how ties with a country as large as India can be forged without any overlap of political issues.

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History of this topic

India to work with rest of Brics countries to further ease trade
2 weeks ago

India to work with rest of Brics countries to further ease trade

Live Mint  

India's trade with BRICS countries may be poised for a take-off as officials work to extend customs-related privileges to trust ed merchants from these nations, which would also fetch similar benefits to Indian exporters to those markets, two persons familiar with the matter said. A second person said the road is clear for negotiating a similar deal with China, a …

India should reconsider its rejection of the RCEP trade bloc
1 month, 1 week ago

India should reconsider its rejection of the RCEP trade bloc

Live Mint  

Five years ago, on a November morning in Bangkok, just on the verge of signing the Regional Comprehensive Economic Partnership agreement, India abruptly walked out of it. India’s RCEP participation should be based on a broad set of metrics—not merely the trade deficit, but also investment inflows, employment creation and participation in new regional value chains. A 2022 assessment by …

Sanjaya Baru | India and East Asia: It’s a return to geo-economics
1 month, 1 week ago

Sanjaya Baru | India and East Asia: It’s a return to geo-economics

Deccan Chronicle  

Something interesting is happening on the external economic policy front. Following up the suggestion made in the Union finance ministry’s Economic Survey 2023-24, that India should welcome foreign direct investment from China, the chief executive officer of the Niti Ayog, the Union government’s economic policy think tank, has publicly advocated India joining the Regional Comprehensive Economic Partnership trade bloc. However, …

India and Quad: A tale of collaboration
3 months ago

India and Quad: A tale of collaboration

Hindustan Times  

The Quad summit to be held on September 21 in United States president Joe Biden’s hometown, Wilmington, will be the sixth since the meetings at this level were initiated in March 2021 by the Biden administration, within months of taking over in January that year. Including the upcoming one, Biden would have hosted four when he leaves office — there …

India-UK ties: Dump the old baggage and focus on trade and multilateralism
5 months, 2 weeks ago

India-UK ties: Dump the old baggage and focus on trade and multilateralism

Live Mint  

Keir Starmer finally has the mandate and credentials to shake off the historical burden which has dogged ties between India and Britain’s Labour Party since the 1930s, a long arc that began with the jaundiced view taken of Mahatma Gandhi by Ramsay MacDonald, Labour’s first elected prime minister, and terminated in former Labour leader Jeremy Corbyn’s apparent positions on Indian …

India raises issue of pharma pricing control in Australia
7 months, 2 weeks ago

India raises issue of pharma pricing control in Australia

Deccan Chronicle  

New Delhi: India has raised the issue of pharmaceutical pricing control in Australia, particularly on generic medicines, during a recent bilateral meeting between the officials of the two countries.The two sides have decided to work closely on timely resolution of market access issues, deepen people-to-people contacts, and create an institutional mechanism for sharing of preferential import data, the commerce ministry …

The View from India | Tricks of trade diplomacy
9 months ago

The View from India | Tricks of trade diplomacy

The Hindu  

When India signed the Trade and Economic Partnership Agreement with a bloc of four European countries — Iceland, Liechtenstein, Norway, and Switzerland — last week, the growing role of trade in diplomacy came under sharp focus. The pact comes on the heels of a host of bilateral agreements with the United Arab Emirates, spanning both trade and investment, following the …

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers
1 year ago

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers

The Hindu  

No timeline can be given on the conclusion of talks between India and four Nordic countries of the European Free Trade Association for a Trade and Economic Partnership Agreement, said the Trade Ministers of Switzerland and Norway during a visit to Delhi. Government officials indicated that though the most recent round of talks between trade negotiators from India and the …

Australian envoy Philip Green hails ties between India, Australia
1 year ago

Australian envoy Philip Green hails ties between India, Australia

Hindustan Times  

Lauding the bilateral partnership between New Delhi and Canberra, the Ambassador of Australia to India, Philip Green OAM highlighted a remarkable two-way trade that has grown by more than 50 per cent over the past five years, adding that India is the most consequential relationship. Australian envoy Philip Green Emphasizing India's paramount significance in their bilateral relations, he expressed his …

After FTA, India and Australia to boost economic ties
1 year, 1 month ago

After FTA, India and Australia to boost economic ties

Hindustan Times  

New Delhi HT Image After successful conclusion of a preliminary free trade agreement last year, India and Australia have started discussions to take bilateral ties forward in areas such as digital trade, micro, small and medium enterprises, traditional knowledge, labour, and sports, two people aware of the development said. New Delhi and Canberra concluded the seventh round of talks regarding …

India's trade trajectory: FTAs and beyond
1 year, 1 month ago

India's trade trajectory: FTAs and beyond

Live Mint  

India has been refining its global trade strategy, emphasizing a fresh outlook on Free Trade Agreements. India's readiness to face these emerging challenges will determine how well it can fulfil its ambitions of becoming an export-oriented manufacturing hub Not so long ago, India embarked on a journey to strengthen its trade relations with several nations, forging FTAs that promised mutual …

Trade and security ties with India gathering pace: Australian Speaker
1 year, 2 months ago

Trade and security ties with India gathering pace: Australian Speaker

The Hindu  

Security and trade cooperation between India and Australia are gathering pace, and relations between the two “rich and vibrant democracies” have never been stronger, said Milton Dick, Speaker of Australia’s House of Representatives. In an interview with The Hindu, Mr. Dick said Australia is currently resetting its relationship with China, but its ties with India are “unique” with trade, security, …

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China
1 year, 2 months ago

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China

Firstpost  

By diversifying economic partnerships and fostering ties with like-minded nations, India aims to establish itself as a linchpin of stability and growth, contributing to a more balanced and multipolar world order India’s strategic pivot towards forging stronger economic alliances with nations like Korea, Japan, Europe, and the United States is emblematic of its response to evolving geopolitical dynamics. This shift …

The potential economic and trade fallout of strained Indo-Candian diplomatic relations | Explained
1 year, 2 months ago

The potential economic and trade fallout of strained Indo-Candian diplomatic relations | Explained

The Hindu  

The story so far: The current strain in diplomatic relations between Canada and India has raised concerns about the impact spiralling onto commercial and economic spheres of cooperation. According to Mohit Singla, Chairman at the Trade Promotion Council of India the trade between the countries is “pretty balanced.” He elaborates that Canada is ranked 14th in imports globally, but is …

India, Canada likely to sign deal to deepen trade, services
1 year, 7 months ago

India, Canada likely to sign deal to deepen trade, services

Deccan Chronicle  

New Delhi: In a move to increase trade and expand investment in both countries, India and Canada are all set to seal an initial deal this year, while setting out a mechanism to deal with disputes at the same time. Last year, the two countries resumed negotiations on a comprehensive economic partnership agreement or CEPA, but now they said that …

India, Australia agree for early conclusion of talks to expand trade pact; eye $100-billion trade
1 year, 9 months ago

India, Australia agree for early conclusion of talks to expand trade pact; eye $100-billion trade

The Hindu  

India and Australia on Saturday expressed their commitment for concluding the negotiations for expanding the scope of existing free trade agreement by the end of this year with an aim to push the bilateral trade to $100 billion. After the first India-Australia summit talks here on March 10 on a range of key issues, PM Albanese has said that both …

India, Australia vow to expand FTA scope with an aim to push bilateral trade to USD 100 billion | DETAILS
1 year, 9 months ago

India, Australia vow to expand FTA scope with an aim to push bilateral trade to USD 100 billion | DETAILS

India TV News  

India-Australia ties: In the latest development, India and Australia reaffirmed their resolve to wrap up talks to expand the existing Free Trade Agreement by the end of the year with an aim to increase bilateral trade to USD 100 billion. He also said that "we are very very dissatisfied" with the USD 30-billion bilateral trade and the officials of India …

Australia aims to bolster security, economic ties with India
1 year, 9 months ago

Australia aims to bolster security, economic ties with India

Associated Press  

NEW DELHI — The prime ministers of India and Australia on Friday expressed concern over an “increasingly uncertain global security environment” and committed themselves to strengthening their defense and security partnership to ensure stability in the Indo-Pacific. Australian Prime Minister Anthony Albanese, on a four-day visit to India, and his Indian counterpart Narendra Modi did not directly refer to Russia’s …

India, Australia to step up ties in defence, trade; sign 4 pacts
1 year, 9 months ago

India, Australia to step up ties in defence, trade; sign 4 pacts

Deccan Chronicle  

NEW DELHI: Prime Minister Narendra Modi and Australia’s PM Anthony Albanese held “positive, productive and engaging” talks in New Delhi on Friday at the first India-Australia annual summit, when the two nations decided to ramp up ties in several sectors, including defence and security, trade and investment, climate and clean energy, culture and people-to-people ties, and signed four pacts. The …

India, Australia aim to boost economic, defence ties at first summit of PMs
1 year, 9 months ago

India, Australia aim to boost economic, defence ties at first summit of PMs

The Hindu  

Australia’s Prime Minister Anthony Albanese arrives in India on Wednesday seeking to strengthen the new momentum in ties between the two countries through deeper trade, investment and defence relations. The three-day visit by PM Albanese, the first by an Australian Prime Minister since 2017, comes days ahead of a visit by Japanese PM Fumio Kishida, another member of the so-called …

OPINION: India-Canada Ties Now Ripe for FTA And Indo-Pacific Partnership
1 year, 9 months ago

OPINION: India-Canada Ties Now Ripe for FTA And Indo-Pacific Partnership

ABP News  

Indo-Canada relations have been on an upswing. Canadian Foreign Minister Melanie Joly visited India last week to participate in the G20 Foreign Ministers’ Meeting only around a month after she visited New Delhi for a bilateral. The recent Foreign Minister’s Meeting as part of the ongoing G20 presidency brought several foreign ministers to India and gave an opportunity for significant …

Australia ‘Hopes’ For More Investments From Adani Group, Ex-PM Tony Abbott Says
1 year, 9 months ago

Australia ‘Hopes’ For More Investments From Adani Group, Ex-PM Tony Abbott Says

ABP News  

New Delhi: Australia is keen on more investments from the Adani Group, and “hopes” billionaire Gautam Adani is not “put off” by the “difficulties” he faced in operationalising the controversial $16.5 billion Carmichael coal mine project in that country, former Prime Minister of Australia Tony Abbott said. in an exclusive interview to ABP Live, the former PM said it is …

Australia-India economic ties a big opportunity, says former Senator
1 year, 9 months ago

Australia-India economic ties a big opportunity, says former Senator

The Hindu  

Political and strategic ties between India and Australia have made great strides in the recent past, and the next steps in the bilateral relations will have to focus on economic cooperation, said Lisa Singh, former Australian Senator and CEO of the Australia India Institute. “I am happy that we are in a sweet spot for India –Australia ties, but there …

India, Canada FMs discuss reset in ties with Indo-Pacific strategy
1 year, 10 months ago

India, Canada FMs discuss reset in ties with Indo-Pacific strategy

The Hindu  

Indo-Pacific cooperation and trade were at the top of the agenda as Canadian Foreign Minister met with External Affairs Minister S. Jaishankar on Monday for the India-Canada Strategic Dialogue in Delhi. “India welcomed the announcement of Canada’s Indo-Pacific Strategy, given the shared vision of a free, open and inclusive Indo-Pacific,” the MEA said in a statement after the meeting, adding …

With trade pact becoming a reality, Australian PM set to visit India
1 year, 11 months ago

With trade pact becoming a reality, Australian PM set to visit India

The Hindu  

Australian Prime Minister Anthony Albanese is expected to visit India in March, diplomatic sources have confirmed. The visit is aimed at expressing Canberra’s political will for furthering bilateral ties that received a boost with the implementation of the Economic Cooperation and Trade Agreement last December 29 when Mr. Albanese announced the planned visit that is likely to include New Delhi …

India-Australia major trade pact comes into effect
1 year, 11 months ago

India-Australia major trade pact comes into effect

Hindustan Times  

Commerce minister Piyush Goyal on Thursday formally operationalised the second major free trade agreement in 2022 – the India-Australia Economic and Cooperation Trade Agreement – by issuing preferential certificates of origin to some export consignments related to textiles, jewellery and pharmaceutical sectors in Mumbai. Piyush Goyal formally operationalised the India-Australia Economic and Cooperation Trade Agreement “All these products will attract …

Improving two-way trade: Australian PM Anthony Albanese to visit India in March 2023
1 year, 11 months ago

Improving two-way trade: Australian PM Anthony Albanese to visit India in March 2023

Firstpost  

Albanese issued the statement on Twitter as the Australia-India Economic Cooperation and Trade Agreement came into force. It stated that ECTA underscored the government’s commitment to delivering opportunities to diversify trade that are “commercially meaningful” for businesses of Australia Australian PM Anthony Albanese will be visiting India in March 2023. At the invitation of @narendramodi I will visit India in …

India-Australia free trade agreement to come into force from December 29
2 years ago

India-Australia free trade agreement to come into force from December 29

The Hindu  

The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to $45-50 billion in around five years. "The Albanese government welcomes confirmation today that the Indian Government has completed its domestic requirements to enable implementation of the Australia-India Economic Cooperation and Trade Agreement," Australian …

India, Australia free trade agreement to come into force from December 29
2 years ago

India, Australia free trade agreement to come into force from December 29

India TV News  

The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years. "The Albanese government welcomes confirmation today that the Indian Government has completed its domestic requirements to enable implementation of the Australia-India Economic Cooperation and Trade Agreement," …

Opening stance: The Hindu Editorial on the Australian parliament ratification of trade pact with India
2 years ago

Opening stance: The Hindu Editorial on the Australian parliament ratification of trade pact with India

The Hindu  

In what would be India’s first major free trade deal with a developed economy in over a decade, the first phase of a pact sealed with Australia in April this year is likely to be operationalised soon, paving easier market access for Indian services and goods. While the two countries are already part of recently formed global cliques such as …

DC Edit | A win-win deal for India, Australia
2 years, 1 month ago

DC Edit | A win-win deal for India, Australia

Deccan Chronicle  

The Australian Parliament on Tuesday approved the free trade agreement with India, capping over a decade-long negotiations between two countries. This is the second free trade deal that India clinched in two years after it signed such an agreement with the United Arab Emirates. Unlike other deals in the pipeline, the free trade deal with Australia is expected to become …

India-Australia FTA: A Great Deal Has Been Achieved, Says NITI Aayog's Vice-Chairman
2 years, 1 month ago

India-Australia FTA: A Great Deal Has Been Achieved, Says NITI Aayog's Vice-Chairman

ABP News  

After the Australian Parliament passed a bilateral free trade agreement with India on Tuesday, Vice-chairman of NITI Aayog Suman Bery on Wednesday hailed the agreement between the two countries. According to a tweet by news agency ANI, Bery on the India Australia Trade deal said, “A great deal has been achieved between India and Australia both in the terms of …

Trade pact a step closer as Australia parliament gives nod to India deal
2 years, 1 month ago

Trade pact a step closer as Australia parliament gives nod to India deal

Hindustan Times  

The India-Australia trade agreement is expected to be operational by early 2023 as both sides are expeditiously completing formalities – while New Delhi has sent the pact for Presidential assent, Australian Prime Minister Anthony Albanese on Tuesday tweeted that it has “passed though” Australian parliament. The passage of legislation demonstrates Australia’s commitment to free trade and the rules-based trading system, …

Australian parliament okays interim trade pact with India
2 years, 1 month ago

Australian parliament okays interim trade pact with India

Live Mint  

NEW DELHI: The Australian parliament on Tuesday ratified the interim India-Australia Economic Cooperation and Trade Agreement, marking a major milestone in India’s efforts to boost global trade. “For the first time, we have got visas for Indian chefs and yoga instructors, and we have also got a commitment that students who go from India to study in Australia get an …

Economic Cooperation and Trade Agreement with Australia will significantly open up opportunities for Indian businesses: Piyush Goyal
2 years, 1 month ago

Economic Cooperation and Trade Agreement with Australia will significantly open up opportunities for Indian businesses: Piyush Goyal

The Hindu  

NEW DELHI The trade pact with Australia that was ratified by the Australian Parliament on November 22 will “significantly open up opportunities” for many Indian business sectors, said Commerce and Industry Minister Piyush Goyal on Tuesday. Speaking at a press conference, Mr. Goyal welcomed the bipartisan support extended by Australia to the Economic Cooperation and Trade Agreement that was signed …

Australia ratifies free trade deals with India and Britain
2 years, 1 month ago

Australia ratifies free trade deals with India and Britain

Associated Press  

CANBERRA, Australia — Australia’s Parliament passed bilateral free trade agreements with India and Britain on Tuesday, leaving those partner nations to bring the deals into force. The deals are crucial for Australia to diversify its exports from the troubled Chinese market to India and to Britain’s need to forge new bilateral trade relations since it left the European Union. Farrell …

Australia ratifies free trade deals with India and Britain
2 years, 1 month ago

Australia ratifies free trade deals with India and Britain

The Hindu  

Australia’s Parliament passed bilateral free trade agreements with India and Britain on Tuesday, November 22, 2022, leaving those partner nations to bring the deals into force. The deals are crucial for Australia to diversify its exports from the troubled Chinese market to India and to Britain’s need to forge new bilateral trade relations since it left the European Union. ‘Ties …

Australia-India trade pact is set for quick ratification, says Australian Minister
2 years, 1 month ago

Australia-India trade pact is set for quick ratification, says Australian Minister

The Hindu  

A key legislative committee in the Australian Parliament has endorsed the India-Australia trade pact which will send a powerful “signal” to businesses on both sides, Australia’s Assistant Minister for Foreign Affairs Tim Watts said here on Saturday. It’s going to put the spotlight on trade between Australia and India.” The Minister who once visited India during his younger years just …

Free Trade Agreement with India offers hope to UK as economy shrinks and inflation rises
2 years, 1 month ago

Free Trade Agreement with India offers hope to UK as economy shrinks and inflation rises

Firstpost  

Economic experts agree on the massive scale of the challenge, even as they hold out the prospect of a free trade agreement with India as a potential generator of much-needed economic growth London: It has been anything but a smooth ride for the Rishi Sunak-led UK government, with the latest official data released this week reflecting a shrinking economy and …

Caution and clarity: The Hindu Editorial on the U.S.-led Indo-Pacific Economic Framework for Prosperity
2 years, 6 months ago

Caution and clarity: The Hindu Editorial on the U.S.-led Indo-Pacific Economic Framework for Prosperity

The Hindu  

In a sudden decision not previously intimated, India became one of a 13-nation economic initiative led by the U.S., on Monday, as President Joseph Biden unveiled plans for an Indo-Pacific Economic Framework for Prosperity. The initiative is touted as a substantial step by the U.S. as part of its decade-old “pivot to Asia”, and an attempt at putting some “economic …

India joins Biden’s new trade initiative for Indo-Pacific, negotiations to begin
2 years, 7 months ago

India joins Biden’s new trade initiative for Indo-Pacific, negotiations to begin

The Hindu  

India signalled its readiness to join a new economic initiative led by the United States for the region, as Prime Minister Narendra Modi joined U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and leaders of 10 countries, who joined virtually, for the launch of the Indo-Pacific Economic Framework for Prosperity in Tokyo on May 23. U.S. officials made it …

QUAD Meet: What Is Indo-Pacific Economic Framework & How Does It Concern India?
2 years, 7 months ago

QUAD Meet: What Is Indo-Pacific Economic Framework & How Does It Concern India?

The Quint  

While an analysis of the full details is yet to be done, the IPEF appears to be an alternative to the Trans-Pacific Partnership, which the US quit in 2017 under its former president, Donald Trump. The objective would be to establish a platform that would see separate negotiations among participants on varying issues of interest, taking into account their individual …

Australia’s new PM is good news for India
2 years, 7 months ago

Australia’s new PM is good news for India

Hindustan Times  

Australia’s Prime Minister -elect Anthony Albanese will have an opportunity to touch base with the leaders of India, Japan and the United States on the margins of the Quad Summit in Tokyo this week, just days after leading his Labor Party to victory in a closely contested election. India is confident there is bipartisan support in Australia for a stronger …

India and Australia's Historic Trade Deal is a Win-Win for Both and a Bigger Win For the Quad
2 years, 8 months ago

India and Australia's Historic Trade Deal is a Win-Win for Both and a Bigger Win For the Quad

News 18  

Two of the largest middle power democratic nations of the Southern hemisphere, Australia and India, will start navigating more ways across the vast Indian Ocean Region, creating synergies not witnessed before, opening significant opportunities. Minister Goyal started his Australian visit after signing ECTA, by addressing the apex, pre-eminent Australia India Chamber of Commerce at the historical MCG venue on 6 …

'India Means Business': Piyush Goyal Dubs Landmark Free-Trade Deal with Australia a 'Template for the World'
2 years, 8 months ago

'India Means Business': Piyush Goyal Dubs Landmark Free-Trade Deal with Australia a 'Template for the World'

News 18  

A week after India and Australia inked the Economic Cooperation and Trade Agreement, Corporate Affairs Minister Piyush Goyal dubbed it “equitable and balanced” and “a message of unity to the world”. ‘India-Australia Agreement Has Sweetened Our New Year’ In an exclusive interview to CNN-News18, Goyal said that the extent of stakeholders’ participation is “humongous”. Speaking on increasing trade engagements with …

Explained: What makes India and Australia's free-trade deal, 11 years in the making, historic
2 years, 8 months ago

Explained: What makes India and Australia's free-trade deal, 11 years in the making, historic

Firstpost  

The Australia-India Economic Cooperation and Trade Agreement will offer zero duty access to India for about 96.4 per cent of exports, among other benefits. Both governments opine that this deal will boost bilateral trade to $45-50 billion over five years After 11 years, India and Australia have signed a historic trade deal — the Australia-India Economic Cooperation and Trade Agreement. …

The India-Australia trade agreement
2 years, 8 months ago

The India-Australia trade agreement

The Hindu  

The story so far: On April 2, India and Australia signed an Economic Cooperation and Trade Agreement. The landmark bilateral trade pact is the second trade agreement India has signed this year after inking a similar deal with the United Arab Emirates in February. The Indian side said Australia will provide ‘preferential access’ to “all the labour-intensive sectors” of export …

To reach full potential of trade pacts, accept investment protection
2 years, 8 months ago

To reach full potential of trade pacts, accept investment protection

Hindustan Times  

India and Australia have signed a historic interim economic cooperation and trade agreement, which will give a fillip to India’s exports in the textiles, leather, gems, and jewellery sector Down Under. Likewise, an investment protection chapter is also missing in the India-Mauritius CECA, signed in 2021, despite the unilateral termination of the India-Mauritius BIT by India. Many recent mega economic …

India’s trade pact with Australia will click: It ticks the right boxes
2 years, 8 months ago

India’s trade pact with Australia will click: It ticks the right boxes

Live Mint  

The India-Australia Economic Cooperation and Trade Agreement, signed on 2 April, is in many aspects a path-breaking trade agreement for both countries. One of the major factors behind this new FTA confidence and support shown by Indian Industry is that the government has identified the right set of countries for such trade and aggressively ensured meaningful market access for Indian …

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