AUSTRALIA – COMMERCE – INDIA

Farmers turn towards Indian trade as an antidote to China

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Original article by Charlie Peel
The Australian – Page: 5 : 15-Oct-24

It has been revealed that Australian agricultural exports to India have risen from $1.08 billion to $1.77 billion since the Australia-India Economic Co-operation and Trade Agreement came into effect in 2023. The 50 per cent increase has encouraged Australian farmers to look at India as a long-term alternative market to China, with exporters mindful of the punishing trade restrictions that China imposed on commodities such as lobsters and beef in 2020, while products like chickpeas and lentils, oils and fruits are seen as the best opportunity for Australian farmers when it comes to exporting to India

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Free-trade deal with India a big step closer

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Original article by Ben Packham, Patrick Commins
The Australian – Page: 2 : 7-Sep-21

Australia’s Foreign Affairs Minister Marise Payne and Defence Minister Peter Dutton will shortly travel to India for discussions with their counterparts, despite the COVID-19 pandemic. India’s External Affairs Minister Subrahmanyam Jaishankar views this as a positive sign that Australia is keen to secure a free-trade agreement with his nation, and he is optimistic that a deal will proceed. Negotiations for a free-trade deal have stalled for some years, but Treasurer Josh Frydenberg has signalled the importance of India as a trading partner as exporters seek to reduce their reliance on China.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. DEPT OF THE TREASURY, INDIA. MINISTRY OF EXTERNAL AFFAIRS

Blocking Adani mine would damage trade with India

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Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 5-Mar-19

Australia India Business Council chairman Jim Varghese says any move by state or federal governments to block Adani’s Carmichael coal mine would harm trade between the two nations. Varghese says India needs thermal coal to help meet its rapidly growing energy requirements, and he notes that Australian coal is cleaner than other sources. Meanwhile, Adani CEO Lucas Dow says the company would certainly seek compensation if the Greens private members’ bill to block thermal coal in Queensland is approved by state parliament.

CORPORATES
AUSTRALIA-INDIA BUSINESS COUNCIL INCORPORATED, ADANI MINING PTY LTD, AUSTRALIAN GREENS, CSIRO, GEOSCIENCE AUSTRALIA, AUSTRALIAN LABOR PARTY

Australia needs to embrace its big friend

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Original article by Lisa Murray, Angus Grigg, Robert Bolton
The Australian Financial Review – Page: 10 : 23-Nov-18

Indian President Ram Nath Kovind has called for greater commercial ties between India and Australia during a visit to Sydney. Kovind said there are many areas where the two countries could collaborate, including logistics and biotechnology, while he called for increased Australian investment in transport and infrastructure in India. Kovind, who is the first Indian head of state to visit Australia, urged it to embrace India "as a big country and big friend". Prime Minister Scott Morrison told Kovind he wants India to become one of Australia’s three biggest investment destinations within 20 years.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, CLARUS LAW ASSOCIATES

Stalled India trade reboot

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 10-Apr-17

Progressing a free trade deal will be high on the agenda of Prime Minister Malcolm Turnbull during his three-day visit to India. Two-way trade between Australia and India was worth over $A19 billion in 2015-16, but Turnbull believes there is no reason why it should not be worth a lot more. The major sticking points to striking a free trade deal are seen to be Australia’s wish for greater access to India’s agricultural market and India’s desire for better access to Australia’s labour market.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ADANI MINING PTY LTD, AUSTRALIA. DEPT OF EDUCATION AND TRAINING, THE GROUP OF EIGHT LIMITED, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

Coal activists risk driving India away

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Original article by Dennis Shanahan, Michael McKenna
The Australian – Page: 1 & 4 : 24-Oct-16

India’s Power Minister Piyush Goyal has warned that the long-running opposition to Adani’s proposed Carmichael coal mine in Queensland could affect his nation’s future investment in Australia. Goyal added that Indian could source coal from countries such as South Africa and Indonesia if investing in Australian projects becomes too difficult. Recent media reports revealed that a leading Australian anti-coal group, the Sunrise Project, has been funded by US-based foundations. Documents released by Wikileaks also show that at least one of these foundations has links to John Podesta, who is heading the presidential election campaign of Hillary Clinton.

CORPORATES
INDIA. MINISTRY OF POWER, ADANI MINING PTY LTD, SUNRISE PROJECT, DEMOCRATIC PARTY (UNITED STATES), WIKILEAKS, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, MINERALS COUNCIL OF AUSTRALIA, FEDERAL COURT OF AUSTRALIA

India trade deal closer: Robb

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Original article by Greg Bearup
The Australian – Page: 2 : 8-Apr-16

Australia’s former trade minister Andrew Robb is optimistic that the key elements of a trade deal with India can be agreed upon within eight weeks. Robb has described the trade negotiations with India as the most difficult he been experienced since taking up the trade portfolio. He adds that a trade agreement will generate business opportunities for Australian companies in a range of sectors. Robb has continued to be involved in the negotiations since resigning as trade minister.

CORPORATES
INDIA. MINISTRY OF COMMERCE AND INDUSTRY

India burning brighter for LNG exporters

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 19-Sep-14

India may emerge as a significant importer of LNG from Australia. Woodside Petroleum forecasts that demand for LNG in in India will rise to as much as 50 million tonnes by 2024. Peter Cleary, the head of LNG at Santos, expects India to import early spot cargoes from the GLNG project in Queensland. Analysts from Tri-Zen International say that India has insufficient infrastructure for large LNG imports

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, CREDIT SUISSE (AUSTRALIA) LIMITED, ADANI ENTERPRISES LIMITED, GUJARAT STATE PETROLEUM CORPORATION, PETRONET INDIA LIMITED, EXXONMOBIL CORPORATION, SANTOS LIMITED – ASX STO