Modi meets ex-Aus PM Abbott; leaders vow to strengthen financial cooperation

Modi meets ex-Aus PM Abbott; leaders vow to strengthen financial cooperation



Prime Minister Narendra Modi met former Australian premier Tony Abbott on Thursday with the 2 leaders emphasising that enhanced financial cooperation between India and Australia would assist the 2 nations in realising their shared imaginative and prescient of a secure, safe and affluent Indo-Pacific area.


Modi and Abott, who’s visiting India from August 2-6 in his capability as Australian Prime Minister Scott Morrison’s Particular Commerce Envoy for India, mentioned methods to additional strengthen bilateral commerce, funding and financial cooperation to grasp the complete potential of the India-Australia Complete Strategic Partnership, in keeping with an announcement issued by the Prime Minister’s Workplace (PMO) right here.





They emphasised that enhanced financial cooperation between India and Australia would assist each nations higher tackle the financial challenges rising out of the COVID-19 pandemic, and would additionally assist them in realising their shared imaginative and prescient of a secure, safe and affluent Indo-Pacific area, the assertion stated.


Prime Minister Modi expressed his satisfaction on the stellar development of India-Australia ties in current occasions and admired the vital contributions of Prime Minister Morrison and former prime minister Abbott on this journey.


“Delighted to satisfy @HonTonyAbbott, Particular Envoy of PM @ScottMorrisonMP. Had dialog on methods to additional strengthen our Complete Strategic Partnership. Additionally mentioned the steps wanted to energise our commerce and financial relationship and increase people-to-people ties,” Modi tweeted.


Through the assembly, Modi additionally recalled his digital summit final yr with Prime Minister Morrison and reiterated his want to have the ability to host the Australian PM in India as quickly as circumstances allow, the assertion stated.


On the digital summit held between Modi and Morrison on June 4, 2020, the bilateral relationship was elevated to a Complete Strategic Partnership, below which India and Australia dedicated to encourage expanded commerce and funding flows for mutual profit and determined to re-engage on a bilateral Complete Financial Cooperation Settlement (CECA).


The current go to by Tony Abbott is reflective of this shared ambition, the assertion stated.


At a web based media briefing, Ministry of Exterior Affairs spokesperson Arindam Bagchi stated Abbott will even go to Gujarat to discover alternatives for increasing commerce and funding.


“Naturally, he will even meet officers and different interlocutors each right here and in Gujarat,” Bagchi stated.

(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

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