During the joint press conference,Australian Prime Minister Tony Abbott said trade
relationship with India was “under-developed” and he had a discussion
with Narendra Modi on how to improve it.
“Trade
relationship is underdeveloped and Modi and I have spent quite some time
this morning talking about what we need to do to really crank up the
trade relationship.
“Trade means jobs, trade means prosperity, we both need more jobs and prosperity,” he said.
Mr.
Abbott informed that a deep economic partnership with India was on
cards. He said that Australia was also ready and willing to supply
uranium to India for “peaceful purposes”.
“Australia
has signed Free Trade Agreement with Korea, Japan and China, but we are
not resting on our laurels. We want to go further. That’s why next
priority for Australia is a comprehensive economic partnership with
India,”
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