Prime Minster Narendra Modi and Australian Prime Minister Tony Abbott hold a joint press conference at Parliament House in Canberra on Tuesday Nov 18,2014

 

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,”