India’s exports to Australia have witnessed a remarkable surge of 66% in the past five years, significantly outpacing the country’s overall export growth, Australian High Commissioner Philip Green said on Saturday. This exponential growth is attributed to the recently implemented Economic Cooperation and Trade Agreement (ECTA), which has seen a 77% utilisation rate in just four months.
Key sectors such as apparel, iron and steel, and agriculture have experienced double-digit growth post-FTA.
During a visit to Amaravati to congratulate Chief Minister Chandrababu Naidu on his electoral victory, Green expressed keen interest in exploring development opportunities in the nascent capital city. Drawing parallels with Canberra’s transformation from sheep farms to a global capital, he emphasised Australia’s expertise in sectors like education, agriculture, water management, and green energy.
Australia is also eyeing India as a major market for its clean coal, critical minerals, and solar panels, aligning with Prime Minister Narendra Modi’s ambitious rooftop solar program. Lauding the significant contribution of the Indian diaspora to Australia’s economy, Green highlighted the community’s rapid growth and its potential to further strengthen bilateral ties.
On the global stage, the Australian High Commissioner unequivocally condemned Russia’s invasion of Ukraine as a blatant violation of international law. While acknowledging India’s oil imports from Russia as a bilateral matter, he reiterated Australia’s unwavering support for Ukraine.
Green’s visit to Andhra Pradesh underscores the growing strategic partnership between India and Australia, with trade and investment emerging as key pillars of cooperation.
