05/09/2022 - International Relations

KEY POINTS

·        Indians are today the largest source of skilled migrants in Australia and the economic relationship, already robust, could potentially be transformed if the promise of the new Australia-India Economic Cooperation and Trade Agreement (ECTA) is realised.

·        The Australia-India Leadership Dialogue is critical because ideas matter in a relationship as much transactions and negotiations do.

·        The Leadership Dialogue is also important because ultimately, people and real connections matter.

·        Technology and the cyberworld can blind us into believing that face-to-face conversations are outdated.

·        From cyberthreats and artificial intelligence (AI) governance in a geopolitically turbulent region, to how they will decarbonise their economies.

·        Countries help each other develop trusted supply chains through critical minerals cooperation, to how India’s tech talent can help address Australia’s skills gaps through migration.

·        Australia wants to find alternative markets to China and diversify supply chains for its critical minerals.

·        As a country with reserves of about 21 out of the 49 minerals identified in India’s critical minerals strategy, Australia is well placed to serve India’s national interests required for India’s carbon reduction programme.

·        As India marks 75 years of Independence and surpasses the United Kingdom as the fifth largest global economy, the momentum around this fifth Australia-India Leaderships Dialogue and the bilateral fruit it may bear should not be underestimated.

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