“India and Australia are natural economic partners. India is a great manufacturing nation. Australia is a great resource economy. Australia has what India needs to make sure that ‘ Make in India ‘becomes a reality,’ Abbott said at a virtual press conference in New York. Delhi.
Claiming that the Free Trade Agreement (FTA) is an important opportunity for India and Australia, Tony Abbott said Canberra is confident they can secure a quick harvest trade deal between India and Australia .
“I have no doubts that we can get an early harvest trade deal between India and Australia,” he added.
Abbott met with Union Trade and Industry Minister Piyush Goyal on Thursday and had an in-depth discussion on ways to expand bilateral ties.
Speaking about the meeting with Goyal, Abbott said: “Based on our discussion last night, it (the deal) will be bigger than smaller, and the second stage – the most comprehensive deal – will take place. during 2022. ”
Speaking to Twitter, Goyal said there is huge potential for India and Australia to further boost their trade relationship through a Free Trade Agreement (FTA).
Meet @HonTonyAbbott, Australian Prime Minister’s Special Trade Envoy. I had an in-depth discussion on the … https://t.co/NTaUF2dMIr
– Piyush Goyal (@PiyushGoyal) 1638456738000
“I met @HonTonyAbbott, Australian Prime Minister’s Special Trade Envoy. I had an in-depth discussion on the enormous potential India and Australia have to energize and further expand our bilateral relationship through of a free trade agreement (FTA) for mutual economic prosperity, “Union tweeted Minister Goyal.
In September, India and Australia announced they would sign a comprehensive free trade agreement by the end of 2022 and an early harvest trade deal by Christmas later this year.
The announcement was made during a joint press conference with Trade and Industry Minister Goyal and Australian Minister Abbott, during the latter’s visit to India.