MUMBAI: Australian Prime Minister Anthony Albanese mentioned that greater than 85% of Australian exports to India and 96% of imports from India would turn out to be duty-free following closing yr’s Economic Cooperation and Trade Agreement (ECTA).
Albanese, who took administrative center in May closing yr, was once on his first talk over with as Prime Minister to India and Mumbai to handle an Austrade tournament selling Australia’s meals and wine trade. Albanese was once within the town with the industry minister Don Farrell and interacted with trade leaders and representatives from Bollywood.
“The ECTA agreement recently came into force, unlocking enormous potential in our relationship. It gives Australian businesses far greater access to the mighty Indian economy, a market of some 1.4 billion people and the fastest growing major economy,” mentioned Albanese.
“Australian fresh lobster and lamb used to be subjected to a 30% tariff. No more. Now it is zero. Tariffs on other products like avocado, citrus and seafood are on a pathway to zero. I look forward to the bustling restaurants of Mumbai and Delhi, right throughout India, showcasing these great Australian products with a glass of premium Australian wine,” he mentioned.
Albanese, who was once in Ahmedabad previous within the day to look at the Indo-Australia check fit in conjunction with Prime Minister Narendra Modi, engaged with leaders of the Indian trade one after the other.
Besides products industry, the settlement envisages extra visas for Indians and cultural exchanges. “I’m pleased that the two governments have been working hard to bring our film industries closer together. And for me, as the leader of a government that has just launched a major art policy in Australia going forward, this is important. Films are food for the soul,” he mentioned.
Albanese spoke about his tennis spouse and cricket superstar Brett Lee’s love for India to focus on how the connection between the 2 international locations was once about game, meals and shared tradition.
Albanese, who took administrative center in May closing yr, was once on his first talk over with as Prime Minister to India and Mumbai to handle an Austrade tournament selling Australia’s meals and wine trade. Albanese was once within the town with the industry minister Don Farrell and interacted with trade leaders and representatives from Bollywood.
“The ECTA agreement recently came into force, unlocking enormous potential in our relationship. It gives Australian businesses far greater access to the mighty Indian economy, a market of some 1.4 billion people and the fastest growing major economy,” mentioned Albanese.
“Australian fresh lobster and lamb used to be subjected to a 30% tariff. No more. Now it is zero. Tariffs on other products like avocado, citrus and seafood are on a pathway to zero. I look forward to the bustling restaurants of Mumbai and Delhi, right throughout India, showcasing these great Australian products with a glass of premium Australian wine,” he mentioned.
Albanese, who was once in Ahmedabad previous within the day to look at the Indo-Australia check fit in conjunction with Prime Minister Narendra Modi, engaged with leaders of the Indian trade one after the other.
Besides products industry, the settlement envisages extra visas for Indians and cultural exchanges. “I’m pleased that the two governments have been working hard to bring our film industries closer together. And for me, as the leader of a government that has just launched a major art policy in Australia going forward, this is important. Films are food for the soul,” he mentioned.
Albanese spoke about his tennis spouse and cricket superstar Brett Lee’s love for India to focus on how the connection between the 2 international locations was once about game, meals and shared tradition.
