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Minister for Trade, Tourism and Investment

Department of Foreign Affairs and Trade It has been an honour to serve as Australia’s Minister for Trade, Tourism and Investment in the Morrison Government for the past 847 days. I congratulate Dan Tehan on his swearing into this portfolio. With one in five Australian jobs reliant on trade, our export sector is such a critical part of our economy and will play a crucial role in Australia’s ultimate economic recovery from COVID-19. My number one priority as Trade Minister has been to continue to provide Australian farmers, businesses and investors with better access and more choices to export to markets around the world.

Australia and India Economic Relations: The Stars Have Aligned

India recently released an Australia Economic Strategy; Australian businesses must seize this opportunity. By December 22, 2020 Advertisement On December 18, India launched its much-awaited Australia Economic Strategy (AES) report, authored by Anil Wadhwa, former secretary (East) of the Ministry of External Affairs (MEA). AES is the only strategy report ever produced by the Indian government for a specific country, and is a reciprocal report to Australia’s India Economic Strategy to 2035 (IES 2035) report, authored by Peter Varghese, the former head of the Department of Foreign Affairs and Trade, and released in 2018. The IES2035 set a target for India to become one of Australia’s top three export markets, to make India the third-largest destination in Asia for Australian outward investment, $100 billion by 2035, and to establish a bigger, better trade basket with balanced trade relations between both countries.

Door for India to join RCEP remains firmly open: Australian Minister

December 18, 2020 Australia looking forward to re-engagement with India on CECA, Goyal calls for more balanced trade The door for India to join the fifteen-member Regional Comprehensive Economic Partnership (RCEP) agreement remained firmly open from Australia’s perspective and the country was also looking forward to re-engagement on the bilateral free trade agreement, Australian Minister Simon Birmingham has said. “India decided not to join the RCEP. From Australia’s perspective, that door remains firmly open. Whatever India ultimately decides, we respect its decision and continue to support India’s engagement across the Indo Pacific region,” said Birmingham who lost his trade portfolio in an Australian cabinet re-shuffle on Friday and is now left with the finance portfolio recently given to him.

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