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In what’s being seen as a win-win deal for each the nations, India and Australia inked a key pact on Saturday to boost financial ties in an try to “break the trade barriers”. The bilateral trade between the 2 nations is predicted to rise from present 27 billion USD to 45 billion USD within the subsequent 5 years, union minister Piyush Goyal mentioned as he signed the take care of Australian trade minister Dan Tehan. Prime Minister Narendra Modi and his Australian counterpart Scott Morrison attended the digital occasion. “India-Australia partnership has been going from strength to strength. Our exports to Australia have grown the highest in the last 12 months. We are looking forward to taking the speed of negotiations forward,” Piyush Goyal mentioned. Here are high factors on the India-Australia trade deal: 1. “Consensus on such an important agreement in such a short period of time shows the mutual trust between the two countries. This is truly a watershed moment for our bilateral re
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