Trade pact unlocked enormous potential, says Australian PM
1 year, 9 months ago

Trade pact unlocked enormous potential, says Australian PM

The Hindu  

Visiting Australian Prime Minister Anthony Albanese in Mumbai on Thursday said the India-Australia Economic Cooperation & Trade Agreement, which recently came into force, has unlocked enormous potential in the relationship between the two countries. “It gives Australian businesses far greater access to the mighty Indian economy, a market of some 1.4 billion people and one of the world’s fastest growing economies in the world and the fastest growing major economy in the world,” Mr. Albanese told a small gathering of people from India and Australia at the Taj Mahal Hotel, Colaba. “More than 85% of Australian goods exported by value to India are tariff free and 96% of import from India to Australia is tariff free as well. “Tariffs on other products like avocado, citrus and seafood are on a pathway to zero and I look forward to the bustling restaurants of Mumbai and Delhi right throughout India, showcasing these great Australian products with a glass of premium Australian wine alongside,” he further said.

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History of this topic

Australia anticipates China will lift final obstacle for exports as they ease past 2020 row
6 months, 1 week ago

Australia anticipates China will lift final obstacle for exports as they ease past 2020 row

Associated Press  

CANBERRA, Australia — Australian Trade Minister Don Farrell on Wednesday predicted the final obstacle for exports to China, Beijing’s ban on live lobster imports, will be lifted soon after Chinese Premier Li Qiang visits the country. Prime Minister Anthony Albanese, who in November became the first Australian government leader to visit Beijing in seven years, said Li’s visit was symbolic …

Free trade deal with India set to be worth millions for Australian producers amid avocado oversupply
6 months, 2 weeks ago

Free trade deal with India set to be worth millions for Australian producers amid avocado oversupply

ABC  

In short: Australia has begun shipping avocados to India. Nutritionist Kevita Devgan said the trade deal came at the right time with India's increasing focus on eating healthy "post COVID". Queensland avocado grower Daryl Boardman said exporting to India could help Australia's avocado producers. Avocado exporter Antony Allen said India could become Australia's biggest avocado importer within three years, overtaking …

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 …

China lifts punitive tariffs on Australian wine
8 months, 3 weeks ago

China lifts punitive tariffs on Australian wine

The Hindu  

China said on Thursday it would lift punitive tariffs on Australian wine, as trade ties improve between the two countries after years of tension, with Canberra soon afterwards announcing it would drop its case against Beijing at the World Trade Organization. "The re-entry of Australian bottled wine into the Chinese market will benefit both Australian producers and Chinese consumers," Australian …

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 …

Australia and European Union fail to reach free trade deal despite visit to break deadlock
1 year, 5 months ago

Australia and European Union fail to reach free trade deal despite visit to break deadlock

ABC  

Australia and the European Union have failed to resolve five-year-long negotiations on a planned free trade agreement worth almost $100 billion. Key points: Australia's trade minister travelled to Brussels this week in an attempt to break the deadlock The EU wants to restrict Australia from using names including prosecco and feta Australia wants the deal "to achieve meaningful agricultural access …

UK free trade agreement good news for Australian winemakers, farmers, and fishers
1 year, 7 months ago

UK free trade agreement good news for Australian winemakers, farmers, and fishers

ABC  

The long awaited Free Trade Agreement with the United Kingdom is good news for Australian farmers. Key points: Australia's free trade agreement with the United Kingdom starts on May 31 The deal includes important concessions for Australian agriculture Tariffs will be cut and quotas increased for wine, beef and seafood producers It will cut tariffs and increase quotas on a …

Australia eyes opportunity with India's rising middle class, growing population with trade agreement
1 year, 8 months ago

Australia eyes opportunity with India's rising middle class, growing population with trade agreement

ABC  

India is on the cusp of becoming the world's most populous country, and it could spell new opportunities for trade and exports from Australia. Key points: Australia was the first western nation to sign a free-trade agreement with India India's rising middle class provides an opportunity for Australian agriculture Consumers in India are seeking lamb, pulses, and high-quality fruit and …

China-Australia Trade War Shows No Sign of Abating
1 year, 9 months ago

China-Australia Trade War Shows No Sign of Abating

The Diplomat  

On February 6, China and Australia’s top trade officials met, albeit virtually, for the first time since 2019. Chinese leader Xi Jinping wants everyone to believe that his meeting with Australian Prime Minister Anthony Albanese last November came about because Australia – not China – has changed. China and Australia signed a free trade agreement in 2015, cementing a strong …

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 …

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 …

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 …

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," …

India set to miss seafood export target
2 years ago

India set to miss seafood export target

Deccan Chronicle  

Visakhapatnam: India, which earns sizable foreign exchange from seafood exports, is unlikely to reach the target of $8.4 billion this fiscal due to market stress in both Europe and the US. Markets in the US, UK, rest of Europe and China are stressed,’’ said Gujarat-based exporter and president of the seafood exporters association of India, Jagdish Fofanti. Sources said MPEDA …

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 …

West Australian crayfish bound for high-end Indian hotels after trade agreement
2 years, 1 month ago

West Australian crayfish bound for high-end Indian hotels after trade agreement

ABC  

Live western rock lobster will soon be exported to India following successful negotiations between a West Australian company and an Indian distribution company. Key points: Legislation implementing the Australia-India Economic Cooperation and Trade Agreement passed through parliament this week It opens trade doors, such as the negotiated agreement to send WA lobster to Indian hotels Once the agreement is enacted, …

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 …

What India gains from FTA with Australia
2 years, 1 month ago

What India gains from FTA with Australia

Live Mint  

After 10 years of negotiations, India and Australia have finally agreed an interim free trade deal. Export council Pharmexcil’s Director General Ravi Uday Bhaskar said India has the highest number of USFDA-approved sites and other stringent regulatory agencies approvals too — which will yield results once ECTA comes into effect. FIEO also expects India’s share in Australia’s US$ 13 billion …

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 …

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 …

Ind-Aus trade agreement will benefit IT, textile, pharma industries, says Piyush Goyal | 5 points
2 years, 1 month ago

Ind-Aus trade agreement will benefit IT, textile, pharma industries, says Piyush Goyal | 5 points

Hindustan Times  

After India-Australia landed a trade agreement Tuesday, Union minister Piyush Goyal, calling it a “landmark” moment for both nations, reflected on its implications at a press conference. Goyal highlighted the areas that would benefit from the deal as he underlined it being India’s first agreement of “such a kind with a developed country after a decade.” Commerce minister Piyush Goyal …

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 …

Australian wine exporters look to India to help fill $1bn China trade hole
2 years, 1 month ago

Australian wine exporters look to India to help fill $1bn China trade hole

ABC  

With the largest population of young people in the world and 100 million of them reaching the legal drinking age over the next five years, India is an exciting proposition for Australian wine exporters at a time when there's not a lot to get excited about. Key points: India imports more wine from Australia than any other country The current …

India, Australia winemakers step up alliance ahead of FTA
2 years, 5 months ago

India, Australia winemakers step up alliance ahead of FTA

Live Mint  

Indian winemakers have accelerated partnerships with Australian wineries in areas such as disease management, planting imported grape vines and ensuring smoother customs clearances at Indian ports. Though the interim free trade agreement signed in April is yet to be ratified; at a virtual meeting last month, industry representatives from both countries agreed to help lower the cost of growing grapes …

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 …

Oz PM Scott Morrison cooks 'khichdi' to celebrate India-Australia trade deal
2 years, 8 months ago

Oz PM Scott Morrison cooks 'khichdi' to celebrate India-Australia trade deal

Firstpost  

On 2 April, India and Australia signed an economic cooperation and trade agreement under which Canberra would provide duty free access in its market for over 95 per cent of Indian goods Canberra: To celebrate the new trade deal with India, Australian prime minister Scott Morrison on Saturday took to Instagram to post a picture showing him preparing khichdi, his …

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 …

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 …

India-Australia Trade Deal: Garment, Footwear, 96% Indian Goods Get Duty Free Access Down Under
2 years, 8 months ago

India-Australia Trade Deal: Garment, Footwear, 96% Indian Goods Get Duty Free Access Down Under

News 18  

India on Saturday inked a historic trade deal with its business partner Australia to export over 95 per cent of its goods to the island country free of duty. Terming ‘people to people’ relations as the key pillar of the relationship between India and Australia, Prime Minister Narendra Modi said, “This agreement will facilitate the exchange of students, professionals, and …

India, Australia sign trade pact to boost ties, PM Modi says 'watershed moment'
2 years, 8 months ago

India, Australia sign trade pact to boost ties, PM Modi says 'watershed moment'

India Today  

India and Australia on Saturday signed an economic cooperation and trade agreement under which Canberra would provide duty-free access in its market for over 95 per cent of Indian goods such as textiles, leather, jewellery and sports products. The India-Australia Economic Cooperation and Trade Agreement was inked by Commerce and Industry Minister Piyush Goyal and Australian Minister for Trade, Tourism …

India-Australia deal seeks to double bilateral trade in 5 years
2 years, 8 months ago

India-Australia deal seeks to double bilateral trade in 5 years

The Hindu  

India and Australia signed an Economic Co-operation and Trade Agreement on Saturday in the presence of Prime Minister Narendra Modi and his counterpart in Canberra Scott Morrison, with an eye on doubling bilateral trade to $50 billion in five years and ease movement of people, goods and services across borders. The agreement with Australia, which Commerce and Industry Minister Piyush …

India, Australia ink trade pact, Modi calls it 'historic moment'
2 years, 8 months ago

India, Australia ink trade pact, Modi calls it 'historic moment'

Deccan Chronicle  

New Delhi: India and its Quad partner Australia inked a historic Free Trade Agreement on Saturday called the “India-Australia Economic Cooperation and Trade Agreement" that was signed by commerce and industry minister Piyush Goyal and Australian trade minister Dan Tehan at a virtual ceremony in the presence of Prime Minister Narendra Modi and his Australian counterpart Scott Morrison. This agreement …

India, Australia Sign Landmark Free-Trade Deal, 1 Million Jobs to be Created. Details Here
2 years, 8 months ago

India, Australia Sign Landmark Free-Trade Deal, 1 Million Jobs to be Created. Details Here

News 18  

India and Australia on Saturday inked the India-Australia Economic Cooperation and Trade Agreement in a virtual ceremony attended by Prime Minister Narendra Modi, his Australian counterpart Scott Morrison, commerce minister Piyush Goyal and his counterpart Dan Tehan. @DanTehanWannon @PiyushGoyal #dosti pic.twitter.com/KktgqAm9ZN— Barry O’Farrell AO April 2, 2022 Speaking on the occasion, Australia Prime Minister Scott Morrison said that the trade …

India, Australia to Sign Trade Pact Today, Move to Benefit Thousands of Indian Exporters
2 years, 8 months ago

India, Australia to Sign Trade Pact Today, Move to Benefit Thousands of Indian Exporters

News 18  

India and Australia are set to sign an interim trade deal on Saturday whereby exporters of the former from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately. “The IndAus ECTA, encompassing trade in goods and services, is a balanced and equitable trade agreement, which will further cement …

Australia, India sign trade deal in virtual ceremony
2 years, 8 months ago

Australia, India sign trade deal in virtual ceremony

Al Jazeera  

The Australian prime minister says the deal represents ‘one of the biggest economic doors there is to open in the world today’. The Australia-India Economic Cooperation and Trade Agreement was signed in a virtual ceremony by Trade Minister Dan Tehan and India’s Minister of Commerce & Industry, Piyush Goyal, on Saturday. Speaking to reporters in Tasmania, Morrison said the agreement …

'Historic' trade agreement with India signed after decade of negotiations
2 years, 8 months ago

'Historic' trade agreement with India signed after decade of negotiations

ABC  

Australia and India have signed a major interim free-trade deal hailed as a significant step in diversifying export markets and reducing Australia's economic dependence on China. Key points: The deal was signed by Trade Minister Dan Tehan and his Indian counterpart It cuts tariffs on things like sheep goods, coal, lobsters and rare earths Missing from the agreement are major …

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access
2 years, 8 months ago

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access

The Hindu  

Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately after the interim trade agreement between the two countries comes into force, according to government sources. Australia is offering zero duty access to India on about 96.4% value of exports from day one and this covers …

India, Australia To Sign Interim Trade Deal On Saturday. Indian Exports To Get Duty-Free Access
2 years, 8 months ago

India, Australia To Sign Interim Trade Deal On Saturday. Indian Exports To Get Duty-Free Access

ABP News  

New Delhi: India and Australia will sign an interim trade deal encompassing goods and services that will enable Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery to get duty-free access to the Australian market, government sources told news agency PTI. Sources also told PTI that over 6,000 tariff lines would be available for Indian …

Stumbling blocks to FTA can be surpassed, says Australia’s Trade Minister
3 years, 2 months ago

Stumbling blocks to FTA can be surpassed, says Australia’s Trade Minister

The Hindu  

Australia’s Trade Minister Dan Tehan is confident that the stumbling blocks to an India-Australia free trade agreement, such as the sensitivities for both sides on dairy and agriculture sectors, can be surpassed as negotiations kick off afresh. Difficulties with China Noting that Australia’s economic ties with China are facing some difficulties that have been “well-documented”, Mr Tehan said that is …

Australia signals democracies’ trade swing from China to India
3 years, 4 months ago

Australia signals democracies’ trade swing from China to India

The Hindu  

Australian special envoy and former Prime Minister Tony Abbott said a free trade agreement between his nation and India would signal the “democratic world’s tilt away from China.” Mr. Abbott visited New Delhi last week as Australia’s special trade envoy for India as the Australian government gives priority to sealing a bilateral trade deal. In an opinion piece likely to …

Australia flags democracies’ trade swing from China to India
3 years, 4 months ago

Australia flags democracies’ trade swing from China to India

Associated Press  

CANBERRA, Australia — Australian special envoy and former Prime Minister Tony Abbott said a free trade agreement between his nation and India would signal the “democratic world’s tilt away from China.” Abbott visited New Delhi last week as Australia’s special trade envoy for India as the Australian government gives priority to sealing a bilateral trade deal. In an opinion piece …

Australia to refer China to the World Trade Organization over wine tariffs
3 years, 6 months ago

Australia to refer China to the World Trade Organization over wine tariffs

ABC  

Australia will appeal to the international trade umpire over China's decision to impose trade-ending tariffs of up to 220 per cent on Australian wine. Key points: Trade Minister Dan Tehan said China's actions have caused "serious harm" to Australia's wine industry Wine exports to China fell from $1.1 billion to $20 million when tariffs were imposed The WTO process will …

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