Editor
NEW DELHI: The diplomatic ties between India and Australia have reached new heights with the establishment of strategic and comprehensive partnerships between the two nations. In a recent development, the Indian government's decision to engage in a free trade agreement with Australia has further solidified this bilateral relationship. This agreement has paved the way for a significant boost in trade, with a vast majority of goods from both countries now enjoying tariff-free access.
Sarah Storey, Australia's Deputy High Commissioner to India, expressed pride in the collaboration between the two nations. She highlighted that 96% of Indian goods can now enter Australia without facing any tariffs, while 86% of Australian goods receive the same treatment when entering India. This milestone achievement not only facilitates trade but also contributes to India's "Make in India" program by promoting the competitiveness of Indian goods.
The free trade agreement signifies the mutual trust and confidence between India and Australia. It is a testament to the shared belief in the potential of this relationship and the many opportunities it holds. The removal of trade barriers fosters an environment conducive to economic growth, investment, and innovation for both nations.
While the free trade agreement is a significant step forward, Sarah Storey emphasized that there is still much more to be done. The collaborative efforts between India and Australia can extend beyond trade and encompass various sectors such as education, technology, defense, and research. Both countries possess immense potential for cooperation, and by leveraging their respective strengths, they can achieve greater heights together.
The India-Australia relationship has witnessed remarkable progress in recent years. High-level visits, strategic dialogues, and cultural exchanges have strengthened the bond between the two nations. The free trade agreement adds a new dimension to this evolving relationship, enhancing economic ties and encouraging deeper engagement.
The "Make in India" program, initiated by the Indian government, aims to transform India into a global manufacturing hub and boost the competitiveness of Indian products in the international market. The tariff-free access to Australia provides Indian manufacturers with a favorable environment to expand their businesses and tap into the Australian market. This, in turn, contributes to job creation, economic growth, and the overall development of both countries.
As India and Australia move forward, there is a sense of optimism and enthusiasm to explore further avenues of collaboration. Building on the success of the free trade agreement, both nations can explore new opportunities, exchange knowledge, and foster innovation. The India-Australia relationship holds immense potential, and with continued efforts and mutual cooperation, it can unlock greater achievements in various spheres.
The positive outlook and shared commitment displayed by Sarah Storey reflect the strong foundation of the India-Australia partnership. It is a relationship founded on mutual respect, trust, and a shared vision for a prosperous future. The free trade agreement serves as a stepping stone towards even closer ties and opens the doors for fruitful collaborations that will benefit both nations in the years to come.