Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Confident that India, Australia will meet deadlines of finalising trade pact: Abbott.
Dec 06, 2021
Australian Prime Minister's Special Trade Envoy Tony Abbott on Friday expressed confidence that India and Australia would meet the deadline of finalising the proposed trade pact, which aimed at enhancing economic ties between the two countries.
India and Australia have agreed to conclude a long-pending free trade agreement, officially dubbed as comprehensive economic cooperation agreement (CECA), by the end of 2022, and an early harvest trade deal by end of this year.
In an early harvest agreement, two trading partners significantly reduce or eliminate customs duties in a certain specified number of goods, these duties were removed in the maximum number of goods traded between them in a free trade agreement or CECA. They also liberalise norms for enhancing trade in services and boost investments in a CECA.
'The main purpose of this visit is to try to ensure that we get the best possible trade deal between India and Australia as quickly as possible...
'Based on the discussions last night with (Commerce and Industry) Minister Piyush Goyal and senior members of his team, I am confident that we can do a very good early harvest deal, which is larger rather than smaller, by the end of the year or very early in the new year...,' Abbott told reporters.
'I am certainly confident, based on the discussions we had last night, that the time table will be met,' he said.
Both the countries launched negotiations for a CECA in May 2011, but the negotiations were suspended in 2015, due to certain disagreements over issues such as market access in agriculture and dairy products, which Canberra had sought and over New Delhi's demand of visa liberalisation for professionals.
When asked about India's sensitivities in the agriculture sector, Abbott said that 'Australia accepts that because of the particular nature of Indian agriculture, there are very much small family farms, as opposed to the much larger commercial operations in Australia, we absolutely accept that there are some important sensitivities in Indian agriculture'.
There has to be some carve outs for elements of Indian agriculture in a good and fair trade deal, he added.
'I am confident that we can make strong progress and one of the areas where we can make a strong progress even in the early harvest agreement is wine... I am hoping that more and more people in India will have an affordable opportunity to experience this great Australian product in the months and years ahead,' he said.
On the issue of smooth movement of professionals also, he expressed confidence that 'as part of this deal we will have enhanced mobility' between the two countries.
He added that dairy is also one of the sensitive areas.
'The point I want to stress is that Australia is not a predatory trader, we are free and fair traders and our objective here is not to disrupt, our objective here is to partner,' he said.
The principal exports of Australia to India include coal and these goods are key for Make in India.
Further, he said that many countries have trade tensions with China and this is an interesting moment for India as several nations are looking for a substitute for China in supply chains and India is the obvious alternative 'because almost no country has India's capability to manufacture economically and at scale'.
In 2020-21, India's exports to Australia were USD 4.04 billion, while imports were USD 8.24 billion.
India mainly exported refined petroleum, medicaments, railway vehicles including hovertrains, pearls and gems, jewellery, and made-up textile articles. While imports include coal, copper ores and concentrates, gold, vegetables, wool, fruits and nuts, lentils, and education-related services.
'Met with @HonTonyAbbott, Special Trade Envoy of the Prime Minister of Australia. Had an extensive discussion on the huge potential India & Australia have to further energise & expand our bilateral ties through Free Trade Agreement (FTA) for mutual economic prosperity,' Goyal has said in a tweet.
economictimes
Archive