Australian PM to seek reduced tariffs for fresh fruit during India visit

The Australian Prime Minister, Malcom Turnbull is planning to discuss free trade between the two countries during his visit to India. While a final agreement may not be on the cards during the four-day visit, beginning Sunday, discussions on tariff reduction and market access in services are expected to move forward.

Nine rounds of negotiations have been completed to liberalise the trade and services regime, besides removing non-tariff barriers and encouraging investments. The latest round of negotiations took place in New Delhi last September.

"Australia is pushing for tariff reduction in dairy, fresh fruit, pharmaceuticals, meat and wines. On the other hand, India wants zero duty on auto parts, textiles and fresh fruit, including mangoes, and greater access in the services sector,” a senior government official said.

The countries had missed the last deadline to finish talks — January 2016 — set by Prime Minister Narendra Modi and Australia's then PM, Tony Abbott, in September 2014.

source: business-standard.com

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