Indian FTA must not include migration

Advertisement

Australia’s Foreign Affairs Minister Marise Payne and Defence Minister Peter Dutton will shortly travel to India for discussions with their counterparts, despite the COVID-19 pandemic.

India’s External Affairs Minister Subrahmanyam Jaishankar views this as a positive sign that Australia is keen to secure a free-trade agreement (FTA) with his nation, and he is optimistic that a deal will proceed.

Negotiations for a FTA have stalled for some years, but Treasurer Josh Frydenberg has signalled the importance of India as a trading partner as exporters seek to reduce their reliance on China.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.