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
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
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 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 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
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 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 have been fair about understanding the sensitive sectors in respective nations
The negotiations should be complete within 30 days, Goyal told a joint news briefing with Australian Trade Minister Dan Tehan
Officials from both nations have been asked to expedite negotiations towards finalisation of the CECA
The proposed free trade agreement is aimed at enhancing economic ties between the two countries
Payne said the new Consulate-General will focus on deepening Australia's ties with India's vibrant innovators
Last October, India and South Africa had submitted a joint proposal for temporarily waiving sections of TRIPS to help more countries, especially middle and low income ones access Covid-19 vaccines
Prime Minister Narendra Modi on Monday thanked his Australian counterpart Scott Morrison for the recognition of Covaxin, India's indigenous vaccine against COVID-19
Australia beat India by 14 runs in the third and final T20 Women's International on Sunday to seal the multi-format series by 11-5 points.
India and Australia have agreed to include e-commerce in the final free trade agreement which is likely to be put in place by the end of next year
Early harvest pact will be signed by Christmas
India and Australia on Thursday agreed to conclude the long-pending free trade agreement by the end of 2022 and an early harvest trade deal by as early as December
Australia won the three-match series 2-1.
Within India's strategic community, a debate rages over the question of whether the Indian Navy should be going in for conventional diesel-electric submarines, or AIP vessels or SSNs