• About
  • Advertise
  • Contact
  • Login
NRI Affairs
Youtube Channel
  • News
  • Video
  • Opinion
  • Culture
  • Visa
  • Other
No Result
View All Result
  • News
  • Video
  • Opinion
  • Culture
  • Visa
  • Other
No Result
View All Result
NRI Affairs
No Result
View All Result
Home News

Australia keen upon digital services trade deal with India

Australia-India is considering a digital services trade deal for their Comprehensive Economic Partnership Agreement, to strengthen their bilateral ties.

NRI Affairs News Desk by NRI Affairs News Desk
November 21, 2022
in News
Reading Time: 3 mins read
A A
0
Australia keen upon digital services trade deal with India

Source: Canva

140
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter
Advertisements

Australia is reportedly seeking India to sign a digital services agreement as part of the bigger Comprehensive Economic Partnership Agreement in an effort to strengthen bilateral commerce.

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.” 

“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,” he further added.

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.

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).

Advertisements

While visiting Australia in April, Union 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.

To support the domestic startup ecosystem, the Indian government has been working in collaboration with several other nations. When Union Minister Piyush Goyal stated that India wants to have the world’s largest startup environment earlier this year, it was clear that this was the case.

The India-UAE Start-Up Corridor has been established in May due to a deal between FICCI’s startup incubator and Dubai International Financial Centre (DIFC). Prior to that, a $150 million India-UAE venture capital fund was also established on the fringes of Dubai Expo 2020 in order to support the expansion of startups in the two nations.

Additionally, India and Germany are working together to boost research and startup initiatives based on artificial intelligence (AI). Along with these areas, both nations are collaborating on quantum technology, renewable hydrogen fuel, and other projects.

In order to promote innovation and hasten the development of dual-use technology by small and medium-sized businesses in both countries, India and Israel struck a deal in November of last year.

An agreement was also inked between India and Canada back in 2018 to give companies from both nations access to the other’s markets. In a similar vein, the UK-India Startup Launchpad, which is intended to encourage entrepreneurs in both nations, was introduced back in 2019.

Share56Tweet35Send
NRI Affairs News Desk

NRI Affairs News Desk

Related Posts

HNWIs Migration Trends: Australia Leads, China Faces Mass Exodus in 2023
News

HNWIs Migration Trends: Australia Leads, China Faces Mass Exodus in 2023

October 4, 2023
Albanese Modi e1678249809619
Views

Book Review: Closer relations between Australia and India have the potential to benefit both nations

October 4, 2023
Residents Flee Amid Intense Bushfire Crisis in Southeastern Australia
News

Residents Flee Amid Intense Bushfire Crisis in Southeastern Australia

October 3, 2023
Next Post
Australian parliament ratified the bilateral trade agreement with India

Australian parliament ratified the bilateral trade agreement with India

Indian family in Singapore charged for starving and torturing a maid

Indian family in Singapore charged for starving and torturing a maid

India stops mandating Air Suvidha forms for foreign travellers

India stops mandating Air Suvidha forms for foreign travellers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Pariza's Lockdown Diary 2020, a documentary

Aussie-Indian couple’s film wins accolades worldwide

2 years ago
The ‘Ayodhya’ in Thailand: A site of immense temples

The ‘Ayodhya’ in Thailand: A site of immense temples

2 years ago
pexels anna tarazevich 5598328

Job opening: Indian High Commission in Canberra is hiring

2 years ago
additional occupations

Visa Update: Additional 70 occupations to open offshore applicants

2 years ago

Categories

  • Literature
  • Multimedia
  • News
  • nriaffairs
  • Other
  • People
  • Top Stories
  • Uncategorized
  • Views
  • Visa

Topics

Air India Australia california Canada caste COVID COVID-19 cricket ECTA Europe free trade FTA Germany h1b visa Hindu immigration India india-australia Indian Indian-American Indian-origin Indian Students Khalistan London Melbourne ministry of external affairs Modi New Zealand NRI NSW oci quarantine Queensland Singapore Sydney travel UAE uk Ukraine US USA us visa Victoria visa women
NRI Affairs

© 2021 NRI Affairs.

Navigate Site

  • About
  • Advertise
  • Contact

Follow Us

No Result
View All Result
  • News
  • Video
  • Opinion
  • Culture
  • Visa
  • Other

© 2021 NRI Affairs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT