Page 8 - India Australia

India, Australia should look at $100 bn bilateral trade by 2030: Goyal

Commerce and Industry Minister Piyush Goyal has said that India and Australia should look at boosting the bilateral trade to USD 100 billion by 2030 from the current level of around USD 27.5 billion.

Union min Goyal to visit Australia this week to deepen economic ties

Commerce and Industry Minister Piyush Goyal will be leading a business delegation to Australia this week to deepen economic ties, increase bilateral trade

Double taxation relief for Indian IT companies operating in Australia

Both the trade deal and changes to domestic Australian tax laws will come into effect once the Australian Parliament ratifies the deal after the general elections due in May are completed in Australia

Ind, Aus trade pact to ensure full capacity utilisation of Indian apparel

Apparel Export Promotion Council said duty-free access for the sector to Australia under the trade pact will bring domestic exporters at par with global competitors and make local products competitive

IndAus ECTA 'watershed' moment for bilateral relations, says PM Modi

The process for 'IndAus ECTA' started from September 30, 2021. It was inked on Saturday

India-Australia sign trade pact; bilateral trade to reach $45 bn in 5 years

This is the first trade agreement with a developed economy after over 10 years

India, Australia trade pact to boost engineering goods exports

India has signed a trade deal with Australia less than a week after inking a Comprehensive Economic Partnership Agreement with the United Arab Emirates

India-Aus Trade Pact expected to create 1 mn jobs in 5 years: Piyush Goyal

Piyush Goyal said the newly signed trade pact with Australia is expected to take bilateral trade from the existing $27 billion to nearly $45-50 billion in the next five years

Piyush Goyal says India, Australia two brothers connected by shared values

Terming India and Australia as two brothers, Union Minister Piyush Goyal on Saturday said that both countries are natural partners, connected by shared values of democracy, rule of law and transparency.Speaking at India-Australia Economic Cooperation & Trade Agreement virtual signing ceremony today, the Union Minister said that both India and Australia supported each other during the COVID-19 pandemic."India-Australia are natural partners, connected by shared values of democracy, rule of law and transparency. Like two brothers, the two nations supported each other during the pandemic," he said.Piyush Goyal also said the relationship between the countries rests on the pillars of trust and reliability."Our relationship rests on the pillars of trust and reliability. Aptly reflected in our deepening geostrategic engagement through the Quad and the supply chain resilience initiatives" he said.Union Minister noted that India and Australia signed the Economic Cooperation and Trade ...

India to sign trade agreement with Australia today for lower-duty regime

The agreement will be signed at a time when Australia is looking for a reliable trade partner at a time when it is facing export restrictions from China.

Tariffs to be eliminated on over 85% of Australian goods exports to India

The Australia-India Economic Cooperation and Trade Agreement will be signed on Saturday in a virtual ceremony by Trade Minister Dan Tehan and India's Minister of Commerce & Industry, Piyush Goyal

Australia says 'very close' to finalising free-trade agreement with India

A free trade agreement between India and Australia has been more than 10 years in the making, with negotiations beginning in 2011 before being suspended four years later in 2015

Aus PM expressed understanding of India's position on Ukraine: Foreign Secy

Unlike its Quad partners - the US, Japan and Australia - India has not condemned the Russian invasion of Ukraine and has been maintaining that crisis should be resolved through dialogue and diplomacy

Early harvest deal with India likely by end-March, says Australia

The likely finalisation of the early harvest or 'phase-one' of the ambitious free trade agreement was confirmed by Australian High Commissioner to India Barry O'Farrell on Sunday

Australia to announce 'largest-ever' investment worth Rs 1,500 cr in India

In the largest-ever investment by the Australian government in India, Canberra will announce an investment of Rs 1,500 crore in the country at India-Australia bilateral summit to be held on Monday.

India, Australia to conclude early harvest deal by end of month: Sources

India and Australia will conclude an early harvest agreement by the end of this month, said sources on Sunday.An early harvest agreement is aimed at liberalising tariffs on the trade of certain goods between two countries or trading blocs before a comprehensive agreement.The development comes as Prime Minister Narendra Modi and his Australian counterpart Scott Morrison will hold the second India-Australia Virtual Summit on Monday to lay the way forward on new initiatives and enhance cooperation in a diverse range of sectors between the two countries.According to the sources, the two countries will sign a Memorandum of Understanding (MoU) in the field of critical minerals, which will help increase India's access to metallic coal and lithium in Australia.Australia will also announce a Rs 1,500 crore investment in India in multiple sectors, which will be the largest ever investment by the Australian government in India, added sources.Further, the Union Minister of Coal and Mines in ...

Australian PM says situation in Ukraine to figure in his talks with Modi

Australian Prime Minister Scott Morrison on Friday said the situation in Ukraine and its implications for the Indo-Pacific will figure in his virtual summit with PM Narendra Modi on March 21

Indo-Australian trade crosses pre-pandemic levels, pact likely soon

A large part of the trade has been driven by increased exports to Australia, at $5.6 billion; the figure already 60% higher than $3.5 billion in FY19

India, Australia ink letter of intent on new, renewable energy technology

India and Australia on Tuesday inked a letter of intent for working together towards reducing the cost of new and renewable energy technologies and scaling up their deployment to reduce emission globally. The letter of intent (LoI) was signed at the 4th India Australia Energy Dialogue, as per a power ministry statement. According to the statement, the dialogue was co-chaired by Minister for Power and New & Renewable Energy, R K Singh and Minister for Energy and Emissions Reduction, Angus Taylor from Australia. This LoI will pave the way for working towards reducing the cost of new and renewable energy technologies and scaling up their deployment in order to accelerate global emissions reduction, it stated. The focus of this LoI will be scaling up manufacture and deployment of ultra low-cost solar and clean hydrogen, it stated. There is an urgent need to focus on advancing technology and clean energy transition. In this context, the agreed forward action plan includes areas like

India and Australia close to sealing early trade pact: Piyush Goyal

India and Australia have been fair about understanding the sensitive sectors in respective nations