MUMBAI: Over 85% of Australian exports to India and 96% of imports from India will be duty-free following last year’s Economic Cooperation and Trade Agreement (ECTA), Australian Prime Minister Anthony Albanese said.
Albanese, who took office in May last year, was on his first visit as prime minister to India and Mumbai to address an Austrade event promoting Australia’s food and wine industry. Albanese was in town with the trade minister don farrell and interacted with industry leaders and representatives from Bollywood.
Albanese said, “The ECTA agreement has recently come into force, opening up enormous possibilities in our relationship. It will give Australian businesses greater access to the powerful Indian economy, a market of almost 1.4 billion people and the fastest growing major economy.” does.”
“Australian fresh lobster and lamb used to be subject to 30% tariffs. Not anymore. Now it’s zero. Tariffs on other products like avocados, citrus and seafood are on their way to zero. I love Mumbai’s bustling restaurants. waiting.” And Delhi, across India, showcasing these great Australian products with a glass of premium Australian wine,” he said.
Albanese, who was in Ahmedabad earlier in the day to watch the India-Australia Test match with Prime Minister Narendra Modi, held separate talks with Indian industry leaders.
Besides goods trade, the agreement envisages more visas for Indians and cultural exchanges. “I am delighted that both governments are working hard to bring our film industries together. And for me, as the leader of the government that has just launched a major arts policy in Australia, it is important . Movies are important. Food for the soul,” he said.
Albanese talked about his tennis partner and cricket celebrity Brett Lee’s love for India, to highlight the connection of sports, food and shared culture between the two countries.
Albanese, who took office in May last year, was on his first visit as prime minister to India and Mumbai to address an Austrade event promoting Australia’s food and wine industry. Albanese was in town with the trade minister don farrell and interacted with industry leaders and representatives from Bollywood.
Albanese said, “The ECTA agreement has recently come into force, opening up enormous possibilities in our relationship. It will give Australian businesses greater access to the powerful Indian economy, a market of almost 1.4 billion people and the fastest growing major economy.” does.”
“Australian fresh lobster and lamb used to be subject to 30% tariffs. Not anymore. Now it’s zero. Tariffs on other products like avocados, citrus and seafood are on their way to zero. I love Mumbai’s bustling restaurants. waiting.” And Delhi, across India, showcasing these great Australian products with a glass of premium Australian wine,” he said.
Albanese, who was in Ahmedabad earlier in the day to watch the India-Australia Test match with Prime Minister Narendra Modi, held separate talks with Indian industry leaders.
Besides goods trade, the agreement envisages more visas for Indians and cultural exchanges. “I am delighted that both governments are working hard to bring our film industries together. And for me, as the leader of the government that has just launched a major arts policy in Australia, it is important . Movies are important. Food for the soul,” he said.
Albanese talked about his tennis partner and cricket celebrity Brett Lee’s love for India, to highlight the connection of sports, food and shared culture between the two countries.
,
- Advertisement -
