New Delhi: The India-Australia Economic Cooperation and Trade Agreement (“IndAus ECTA”) was signed by Union Minister Piyush Goyal, and Dan Tehan, the Minister for Trade, Tourism and Investment, Government of Australia in a virtual ceremony, in the presence of Prime Minister of India, Narendra Modi and the Prime Minister of Australia, H.E. Scott Morrison today.

Speaking after the signing, the Prime Minister Narendra Modi, noted that this is his third interaction with his Australian counterpart in last one month. He conveyed his appreciation for the leadership of the Prime Minister Morrison and the efforts of his Trade Envoy and former Prime Minister of Australia Tony Abbott. He also commended the Trade Ministers and their team for a successful and effective engagement.

Modi said that signing of IndAus ECTA in such a short span of time reflects the depth of the mutual confidence between the two countries.

“This is a watershed moment for our bilateral relations”, he emphasized. The Prime Minister said “On the basis of this agreement, together, we will be able to increase the resilience of supply chains, and also contribute to the stability of the Indo-Pacific region.”

Terming ‘people to people’ relations as the key pillar of the relationship between India and Australia, the Prime Minister said “This agreement will facilitate the exchange of students, professionals, and tourists between us, which will further strengthen these relations.”The Prime Minister also conveyed his wishes to the women cricket team of Australia for upcoming World Cup final.

Meanwhile, growing India-Australia economic and commercial relations contribute to the stability and strength of a rapidly diversifying and deepening relationship between the two countries. The IndAus ECTA, encompassing trade in goods and services, is a balanced and equitable trade agreement, which will further cement the already deep, close and strategic relations between the two countries and will significantly enhance the bilateral trade in goods and services, create new employment opportunities, raise living standards and improve the general welfare of the peoples of the two countries.

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New Delhi: In order to safeguard local manufacturers from cheap imports, the Central Government (Department of Revenue, Ministry of Finance), on the basis of the recommendations of the Directorate General of Trade Remedies (DGTR), Department of Commerce, has imposed anti-dumping duty for five years on five Chinese products recently namely certain flat rolled products of aluminium, sodium hydrosulphite, silicone sealant, hydrofluorocarbon (HFC) component R-32 and hydrofluorocarbon blends, Minister of State in the Ministry of Commerce and Industry, Anupriya Patel, in a written reply in the Rajya Sabha.

The minister said that apart from the above five products, the DGTR has recommended imposition of anti-dumping duty on other products originating in or exported from China PR in 2021-22.

Meanwhile, the move was initiated to apprehend if domestic industry has been hurt by a rise in low cost imports.

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New Delhi: Prime Minister Narendra Modi and Prime Minister of Australia H.E. Scott Morrison will hold the second India-Australia Virtual Summit on March 21.

The Summit follows the historic first Virtual Summit of 4 June 2020 when the relationship was elevated to a Comprehensive Strategic Partnership.

During the upcoming virtual summit, the Leaders will take stock of progress made on various initiatives under the Comprehensive Strategic Partnership. The virtual summit will lay the way forward on new initiatives and enhanced cooperation in a diverse range of sectors between India and Australia.

The Leaders are expected to commit to closer cooperation in trade, critical minerals, migration and mobility, and education, among others.

Views on regional and international issues of mutual interest will also be discussed by the Leaders. The Summit highlights the importance attached by both countries to their bilateral relations as also their close cooperation on regional and global issues.

The India-Australia Comprehensive Strategic Partnership has maintained the momentum of an upward trajectory with both countries continuing to collaborate closely, despite the Covid-19 pandemic, in wide-ranging areas including science and technology, defence, cyber, critical and strategic materials, water resource management, as well as public administration and governance.

Prime Minister Modi and Prime Minister Morrison met in Washington DC for the first in-person meeting after the Covid-19 pandemic in September 2021 on the margins of the Quad Leaders’ Summit and jointly launched the Infrastructure for Resilient Island States (IRIS) in Glasgow on the margins of the COP26 in November 2021.

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New Delhi: In order to resolve their diplomatic difference between India and Pakistan, Prime Minister Imran Khan expressed his wish dor a television debate with PM Narendra Modi.

He expressed this after leaving for Moscow in an pre-visit interview and that he would love to hold a debate with PM Modi on TV.

He said that with this over a billion people in the subcontinent would benefit if the debate managed to resolve differences.

Pakistan PM said that India has become a hostile nation therefore trade with them dwindled.

Meanwhile, there is no response from India to this offer yet.

Reacting on the development, senior Congress leader Shashi Tharoor tweeted, “Dear @ImranKhanPTI, agree that “jaw-jaw is better than war-war”, but no issues are ever resolved in Indian television debates, only exacerbated! https://t.co/G8hlQ5hGjR And some of our anchors would be happy to ignite tWorld War III if it would increase their TRPs.”

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