The remit of the proposed India-Aussie CECA extends beyond commerce and can increase New Delhi’s heft in the Indo-Pacific
Both countries have already implemented an interim pact and are in discussions to expand its scope under the CECA (Comprehensive Economic Cooperation Agreement).
On November 17, 2023, Australia notified to the secretariat of the WTO about its intention to modify its schedule of specific commitments under the GATS (General Agreement on Trade in Services) to incorporate additional commitments relating to services domestic regulation.
The share of India’s engineering exports to its total merchandise exports to Australia also witnessed a significant rise, reaching 15.1 per cent during the review period.
Earlier, Josh Inglis smashed his maiden century in the format to power Australia to 208 for three after being sent into bat.
The two ministers agreed that deepening cooperation in defence industry and research would "give a fillip to the already strong relationship", according to a statement issued by the Indian defence ministry here.
New Delhi will have to work hard to cash in on Modi’s charisma to clinch a trade deal with Australia and strengthen ties with Pacific island nations
Prime Minister Narendra Modi and his Australian counterpart, Anthony Albanese, reached the Narendra Modi stadium on March 9 morning and took a round of the massive sports arena to loud cheer and applause from the crowd. Modi and Albanese handed over Test caps to their team captains Rohit Sharma and Steve Smith. Watch to know more!
India can use the model followed by some of the East and South-east Asian nations to morph into top exporting nations
The India-Australia ECTA will boost the bilateral gem and jewellery trade to double to USD 2.5 billion from the present value of USD 1.27 billion over the next 3 years, GJEPC chairman Vipul Shah said.
India were able to plug the gaps in Nagpur to level the three-match series with a comprehensive win in the eight-over-a-side contest. But they will need their bowlers, especially Harshal and Chahal, to overcome their struggles ahead of the T20 World Cup.
To enable closer cooperation, both governments are planning more economic, tech and strategic partnerships
A significant outcome of the latest virtual summit was the decision to hold annual summits at the level of the Heads of Government under the Comprehensive Strategic Partnership.
Discussions on market access for Australian dairy products and meat, apart from Australia’s discomfort with opening up services exports, are the major sticking points in the deal, talks on which had begun in 2011.
Proposed trade pacts with up to eight nations are at various levels of discussion. While India is preparing trade offers for accelerating negotiations, Commerce Department officials say more time will be needed.
Back in August, the government had announced that by December 2021, India and Australia would ready the details for an early harvest trade deal
Tehan said that while being part of the Quad grouping has brought the two-nations closer, the latest discussions are being guided by bilateral ambitions and not relations with China.
Serum Institute of India's Covishield, along with Coronavac, produced by Chinese company Sinovac, has become the latest entrants into Australia's official list of approved vaccines recognised for international arrivals.
First list of offers to be exchanged by October and continuous negotiations by dedicated teams to ensure Christmas deadline, Australian Trade Minister Dan Tehan said.
India had recently announced that a trade deal with Australia would be signed by 2021-end. But sources say the existing differences continue to plague the discussions
India had begun talks on the Comrpehensive Economic Partnership Cooperation Agreement with Austrlia back in 2011. But talks had stalled over multiple issues. The latest discussions began after New Delhi dialled Canberra again in 2019.
Prime Minister Narendra Modi and the Australian PM's Special Trade Envoy for India Tony Abbott discussed ways to further strengthen bilateral trade, investment, and economic cooperation to realise the full potential of the India-Australia Comprehensive Strategic Partnership, read a statement released by the Ministry of External Affairs (MEA).
The official program run by the Australian government aims to facilitate the entry of Australian companies into the Indian market. It is set to focus on the e-commerce channel to better market Aussie food, beverage and consumer products to Indian consumers.