India and Australia are set to bolster their strategic partnership further. A 4-day Economic Trade Delegation Summit, scheduled to commence today, will be aimed at boosting trade ties between the two nations. The summit is likely to focus on industries including education, space, agriculture, healthcare and much more.

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Peter Dutton, Leader of the Opposition in Australia spoke about his first strategic visit to India as leader of the opposition and efforts to boost India-Australia trade partnership.

During his interview with CNBC-TV18, Dutton highlighted the importance of the Economic Cooperation and Trade Agreement (ECTA). He described it as an opportunity for both countries, particularly in areas like critical minerals. “There's a huge opportunity across many sectors, obviously, critical minerals are important to India. Mining is a very important sector of the Australian economy. There's enormous opportunity in the agriculture sector, in defence industry, defense material as well, particularly given the uncertainties that we are seeing in the world at the moment.”

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When asked how Comprehensive Economic Cooperation Agreement (CECA) arrangement could further enhance trade relations, Dutton explained, “There is the opportunity for us to look at ways in which with different commodities in the agriculture sector, Australia is a trusted brand, but equally, India has a number of commodities, which will do well in the Australian market. Also defence material is a very important one as well. There are a lot of Australian companies who are working here in this market and I think opportunities for manufacturing in this market and export back to Australia, as well.”

Dutton also touched on global issues, such as the recent Israel-Hamas conflict. He stressed the importance of international collaboration and standing up against terrorism and conflicts that threaten peace and stability. Dutton emphasised that the role of the U.S. has been pivotal in sending a clear message to entities like Iran and Hezbollah, as anti-Semitism and persecution continue to be global concerns.

(Edited by : Pihu Yadav)

First Published:Nov 1, 2023 7:04 PM IST