The Australian Trade Minister, The Hon Dan Tehan MP, chose the launch of the Canberra chapter of the Australia India Chamber of Commerce to announce both a speed up to negotiations on a Free Trade Agreement and an update of the India Economic Strategy.
The Minister said he had asked former Prime Minister, Tony Abbott, to visit India for meetings around the Comprehensive Economic Cooperation Agreement (which is an FTA).
He announced to the AICC that both countries were hopeful of concluding negotiations this year – a dramatic ramping up of the pace.
The Minister pointed to trade and investment in areas such as critical minerals, infrastructure, energy, technology, agribusiness, education and space.
AICC in Canberra is led by Tony Huber, a Director within DFAT and former Consul in Mumbai, and Deepak Raj Gupta, former Member of the ACT Legislative Assembly.