九乡新闻网车迟副本 变身鬼将:Australia, India vow to double two-way trade ...
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Australia, India vow to double two-way trade within 5 years
16:39, May 12, 2011 
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QQ Australia and India on Thursday promised to double two-way trade flows within five years, and agreed to work out a free trade deal to underpin further growth.Indian Trade Minister Anand Sharma arrived in Canberra of Australia on Wednesday evening to hold bilateral trade talks with Australian Trade Minister Craig Emerson, focusing on broadening the base of merchandise trade and removing barriers to services trade.
India is Australia's third-largest export market, and Australia is India's 14th-largest market. Trade between the two nations now totals about 21.97 billion U.S. dollars a year.
Dr Sharma said the partnership was already diverse and two-way trade would keep accelerating sharply.
"We have agreed to double bilateral trade in the next five years," Dr Sharma told reporters after the ministerial talks in Canberra on Thursday.
According to Australian Trade Minister Craig Emerson, a comprehensive free trade agreement would work for both countries, and the goal of the negotiations would be a "comprehensive economic cooperation agreement" (CECA).
"A truly liberalizing CECA would assist in broadening the base of merchandise trade, removing non-tariff barriers that impede trade in services, facilitating and encouraging investment, and addressing behind-the-border restrictions to trade," said a joint statement by the two trade ministers on Thursday.
Early work has suggested a free-trade deal between Australia and India could deliver the economy about 330 billion U.S. dollars over 20 years.
Emerson and Sharma will meet again at the Organization for Economic Cooperation and Development (OECD) Ministerial Council in Paris of France later this month, where they will continue their discussions on the free trade agreement.
Dr Emerson said the ministerial talks did not touch on whether Australia will change its opposition to selling uranium to India.
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