Canberra: Australian Prime Minister Anthony Albanese has highlighted that stronger ties with India are a key part of the country’s long-term economic and strategic future, a report stated.
Addressing the Committee for Economic Development of Australia (CEDA) State of the Nation Conference in Canberra, Albanese said that deepening Australia’s investment in South East Asia and elevating its ties with India were key priorities for Australia’s engagement with the region.
The Prime Minister’s remarks come as Australia continues to deepen engagement with India across trade, investment, education, defence and people-to-people links, with both nations seeking to expand cooperation in the Indo-Pacific, said a report by ‘The Australia Today.’
According to Albanese, Australia’s multicultural workforce, international connections, and regional partnerships are among its greatest advantages.
He said that by investing in innovation, manufacturing, energy security and international partnerships, Australia had the opportunity to emerge from a period of global uncertainty as a stronger, fairer and more resilient nation.
Albanese described the Indo-Pacific as the world’s fastest-growing region and said Australia must “own our place” in it, emphasising the importance of partnerships with regional neighbours.
Australia and India have strengthened their relationship in recent years through the Australia–India Comprehensive Strategic Partnership, expanded trade cooperation and increased collaboration in areas including critical minerals, technology, education and security, the report noted.
Last month, in his address at the Australian Parliament, Albanese highlighted India’s economic growth and emphasised that the trade relationship between the two nations had been further enhanced by the Economic Cooperation and Trade Agreement (ECTA).
He recalled his first visit to India in 1991, describing it as a “wonderful experience”.
“India, of course, has the largest population in the world, but it will also grow to be the third largest economy in the world over this decade. That is an extraordinary opportunity for us in our region. We are a Pacific nation, but we are also an Indian Ocean nation. Our trading relationship has been enhanced by the Economic Cooperation and Trade Agreement, and we are further drawn together through culture, education, and, of course, the international language of cricket. One of my great honours has been my two visits so far to India as Prime Minister.”
(IANS)
