Arguing that trade talks take time and should have win-win outcomes, Australian Minister for Trade, Investment and Tourism Steven Ciabo has declined to give a timeframe for the next round of negotiations on the proposed India-Australia free trade agreement.
Addressing the press on Tuesday, Ciabo said trade deals are not zero sum games and both sides should focus on a mutually beneficial outcome.
"Negotiations are continuing. The international trade space is very full. We are committed to stronger trade and investment ties with India." he added.
Several rounds of negotiations have been completed for liberalizing trade and services regime, besides removing non-tariff barriers and encouraging investments. The latest ninth round of negotiations took place in New Delhi in September last year.
Talks had faltered after New Delhi refused to budge from its position on reducing tariffs on agriculture while Canberra has been wary of greater market access.
"Australia is pushing for tariff reductions 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.
