ID :
82000
Sun, 09/27/2009 - 18:57
Auther :
Shortlink :
https://www.oananews.org//node/82000
The shortlink copeid
INDIA-AUSTRALIA 2LST
INDIA-AUSTRALIA 2LST
India is also Australia's fastest growing major export
market -- with both goods and services exports increasing by
an annual average of over 32 per cent over the last five
years.
Two-way trade in goods and services in 2007 totalled
USD 13.3 billion making India Australia's tenth largest
trading partner.
Australian export to India is concentrated mostly in
commodities such as coal, gold and services like education.
Seeking greater economic ties between the two
countries, Varghese said Australia would like to bring under
the FTA both "goods and services".
Australia is particularly keen to see lowering of duty
on its wine in India.
Acknowledging India's quest for energy security,
Varghese said Australia would like to help the country by
providing coal and liquefied natural gas (LNG).
In this context, he also referred to approval given by
his government to the 20 billion dollar pact between
Australian oil and gas company ExxonMobil and India's
Petronet.
As per the pact, signed last month, ExxonMobil will
supply natural gas to Petronet from the Gorgan oil field for
15 years beginning 2014.
He said India and Australia, which is one of the
leading exporters of coal, could also expand cooperation in
mining as it will help share technologies. PTI MPB
ANU
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India is also Australia's fastest growing major export
market -- with both goods and services exports increasing by
an annual average of over 32 per cent over the last five
years.
Two-way trade in goods and services in 2007 totalled
USD 13.3 billion making India Australia's tenth largest
trading partner.
Australian export to India is concentrated mostly in
commodities such as coal, gold and services like education.
Seeking greater economic ties between the two
countries, Varghese said Australia would like to bring under
the FTA both "goods and services".
Australia is particularly keen to see lowering of duty
on its wine in India.
Acknowledging India's quest for energy security,
Varghese said Australia would like to help the country by
providing coal and liquefied natural gas (LNG).
In this context, he also referred to approval given by
his government to the 20 billion dollar pact between
Australian oil and gas company ExxonMobil and India's
Petronet.
As per the pact, signed last month, ExxonMobil will
supply natural gas to Petronet from the Gorgan oil field for
15 years beginning 2014.
He said India and Australia, which is one of the
leading exporters of coal, could also expand cooperation in
mining as it will help share technologies. PTI MPB
ANU
The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.
