Australian Trade and Investment Minister Andrew Robb will visit India from 21 June for three days.
This will be Robb’s third visit to India this year. He is expected to reach agreements and build support to finalise the Comprehensive Economic Cooperation Agreement (CECA) with India by the end of 2015. He is also expected to attend the Australia-India CEO Forum at the invitation of the co-chairs, Rio Tinto CEO Sam Walsh and the Adani Group Chairman Gautam Adani.
Australia is a federal parliamentary democracy with a GDP per capita of $46,600. During Prime Minister Narendra Modi’s visit to Australia in November 2014, India signed various agreements on trade and investment. India is Australia’s 12th largest trading partner. Indian foreign investment into Australia is $8,537 million, and Australian investment in India is about US$ 7,600 million.
Bilateral trade between India and Australia is $12,123 million (2012-2013).
India exports: $2300 million (gems and jewellery, machinery and textiles, passenger motor vehicles, medicament)
India imports: $9823 million (non-monetary gold, coal, copper, crude oil and fertilizers, lead and wool)
All trade figures are from the Ministry of External Affairs, India, country briefs