It would expand on a free trade deal the two signed last year, the first between India and a developed country in a decade. The Economic Cooperation and Trade Agreement came into effect in December, removing duties on 96% of Indian exports to Australia and 85% of Australian exports to India. (Reporting by Shivangi Acharya; Editing by William Mallard)
NEW DELHI, March 11 (Reuters) - India and Australia aim
to expand trade in critical mineral to help them achieve their
goals on reducing carbon emissions, as they seek a broad trade
pact, Indian Commerce Minister Piyush Goyal said Saturday.
"India is short of critical minerals. Australia has a large
reserve of critical minerals that go into (electric
vehicle)batteries, which isn't fully processed or manufactured
presently," Goyal told a news conference after meeting
Australia's trade and tourism minister, Don Farrell.
Critical minerals, along with space technology and
opportunities in the digital sector, will be key areas of the
planned deal, Farrell said.
The meeting followed a summit in New Delhi on Friday between
the Asia nations' prime ministers, Narendra Modi and Anthony
Albanese.
India and Australia hope to complete by year's end an
ambitious, comprehensive trade deal that has been stuck in
negotiations for over a decade.
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