Australians who are concerned about the slowing Chinese economy may find some solace in the fact that Canberra is already frantically trying to hammer out a Free Trade Agreement with India, the second-most populous nation in the world. There is every reason to expect that India will rank among Australia’s top trading partners if all goes according to plan. She has the potential to become Australia’s largest trading partner at this time, the “new China,” as it is known in some circles. The declarations made by its federal ministers show how eager Australia is to provide its service and manufacturing sectors access to India’s enormous market. According to ET, Australia, which is quickly becoming a significant partner of India in the Indo-Pacific region, wants to go beyond security and defence cooperation and is in negotiations with New Delhi to establish a trade partner to help the country’s mining industry and wine sales recover from a trade war with China. ...
Independent Teacher, Freelance Writer, Conservationist, Eco Friendly Environment Crusader. A life hack writer by choice. Published articles on Ezinestack and Lifehacker.