{"id":14605,"date":"2023-03-10T12:35:06","date_gmt":"2023-03-10T12:35:06","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=14605"},"modified":"2023-03-10T12:35:06","modified_gmt":"2023-03-10T12:35:06","slug":"australia-india-vow-cordiality-in-economic-defence-areas","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/world\/australia-india-vow-cordiality-in-economic-defence-areas\/","title":{"rendered":"Australia, India vow cordiality in economic, defence areas"},"content":{"rendered":"<p>Australia, India vow cordiality in economic, defence areas. Australia and India have agreed to accelerate a broader economic partnership and boost their defence ties, Australian Prime Minister Anthony Albanese said in New Delhi on Friday.<\/p>\n<p>Last year the two countries signed a free trade deal called the Economic Cooperation and Trade Agreement (ECTA), the first signed by India with a developed country in a decade.<\/p>\n<p>However, a much larger Comprehensive Economic Cooperation Agreement (CECA) has been stuck in negotiations for over a decade. Discussions between the countries restarted in 2011 but were suspended in 2016 as the talks were gridlocked.<\/p>\n<p>Negotiations resumed in 2021 but a deal has yet proved to be elusive.<\/p>\n<p>&#8220;We also agreed on an early conclusion of our ambitious Comprehensive Economic Cooperation Agreement as soon as possible and I am hopeful that we will be able to finalise that this year,&#8221; Albanese, who is on a three-day visit to India, told reporters.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/world\/hackers-demand-10m-for-stolen-australian-health-records.html\">Hackers demand $10m for stolen Australian health records<\/a><\/strong><\/em><\/p>\n<p>&#8220;This transformational deal will realise the full potential of the bilateral economic relationship, creating new employment opportunities and raising living standards for the people of both Australia and India.&#8221;<\/p>\n<p>Bilateral trade between the countries was $27.5 billion in 2021 and India says trade has the potential to nearly double to $50 billion in five years under the ECTA.<\/p>\n<p>India and Australia are security partners through the Quad group, which also includes the United States and Japan.<\/p>\n<p>Australia and India made &#8220;significant and ambitious&#8221; progress in strengthening defence and security ties and also discussed climate change issues, Albanese said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia, India vow cordiality in economic, defence areas. Australia and India have agreed to accelerate a broader economic partnership and boost their defence ties, Australian Prime Minister Anthony Albanese said in New Delhi on Friday. Last year the two countries signed a free trade deal called the Economic Cooperation and Trade Agreement (ECTA), the first [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":14606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,3],"tags":[7457,172,139],"class_list":["post-14605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-world","tag-anthony-albanese","tag-australia","tag-india"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/14605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=14605"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/14605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/14606"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=14605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=14605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=14605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}