“We think that digital trade is a real worthwhile agenda because it is not just data, but it underpins all trade. So, we can better facilitate trade across the board.”
— Tim Watts, Australia’s Assistant Minister for Foreign Affairs
Australia wants India to sign a digital services agreement as part of the bigger Comprehensive Economic Partnership Agreement in an effort to strengthen bilateral commerce, reported nriaffairs.com. Australia’s Assistant Minister for Foreign Affairs Tim Watts said, “Next on the agenda is the comprehensive economic and trade agreement, and one of the things that we explore is digital services.”
He also said, “We think that digital trade is a real worthwhile agenda because it is not just data, but it underpins all trade. So, we can better facilitate trade across the board.”
Tim Watts, Australia’s Assistant Minister for Foreign Affairs, said that one of the topics that would be explored during the comprehensive economic and trade deal is digital services. According to reports, Australia is advocating for expanded access for service providers, contemporary investor protections, and suitable safeguards for the regulatory authority of states.
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While visiting Australia in April, Indian Minister Piyush Goyal urged stepping up investments and fortifying relationships with Australian businesses, particularly startups.
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This is largely attributable to India, which is a significant producer and consumer of digital goods
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Indian-Australian entrepreneurs have gone on to launch companies like packaged tea seller Chai Walli and insurtech firm Upcover
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Australian startups like online graphic design platforms Canva and Prospa have a strong following in India
In areas like automation, artificial intelligence, ed-tech, and the services industry, the two sides may experience convergence, according to a report the Australian government commissioned. This coincides with an increase in goodwill between the two nations. In order to promote and expand the space technology markets in both nations, the two parties have signed a number of agreements, including the most recent six Memorandums of Understanding (MoUs) between the Australian Space Agency (ASA) and the Indian Space Research Organisation (ISRO).
While visiting Australia in April, Indian Minister Piyush Goyal urged stepping up investments and fortifying relationships with Australian businesses, particularly startups.
This is largely attributable to India, which is a significant producer and consumer of digital goods. Indian-Australian entrepreneurs have gone on to launch companies like packaged tea seller Chai Walli and insurtech firm Upcover. Australian startups like online graphic design platforms Canva and Prospa have a strong following in India.
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