Recently Australian Prime Minister Scott Morrison said a trade agreement with India is going to be signed on Saturday representing “one of the biggest economic doors in the world today”.
After being in negotiations with India for a decade Morrison is expected to call a general election within days, and he has been very eager to secure the trade deal before campaigning begins.
The federal government said on Friday that the Australia-India Economic Cooperation and Trade Agreement would be signed in a virtual ceremony by Trade Minister Dan Tehan and India’s Minister of Commerce & Industry, Piyush Goyal, and both countries would continue to work towards a full free trade deal.
Expressing both countries intention to build closer trade ties Morrison said, “These are never all or nothing deals as far as we’re concerned, we see all of these as the next step and the next step and the next step.”
Morrison’s government is seeking to diversify export markets and reduce Australia’s dependence on its biggest trading partner China, after diplomatic spats led to Beijing sanctioning certain Australian products.