26 Oct Australian and Indian Business Leaders Work Towards Closer Trade Relationship
Delegates from the Australian Trade and Investment Commission (Austrade) and Australia-India Business Exchange (AIBX) held their first large-scale commercial mission in India since the COVID-19 pandemic began.
Representatives from over 100 Australian companies met with Indian business and government stakeholders to explore commercial opportunities across education, health, food and agriculture, critical minerals and sustainable infrastructure, as well as to assist Australian businesses to connect with Indian customers and partners.
India is currently Australia’s sixth largest trading partner, with trade valued at over $34 billion, a figure which is set to grow under the Australia India Economic Cooperation and Trade Agreement signed earlier this year.
Once in force this Agreement will see tariffs eliminated on more than 85% of Australian goods exported to India (valued at more than $12.6 billion a year), rising to almost 91% (valued at $13.4 billion) over 10 years.
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Rachael Budd & The Transolve Global Team