January 21, 2018
Member for Maranoa, Agriculture Minister David Littleproud, left Australia on Sunday to lead a trade delegation to India.
The delegation is taking part in the Australia India Leadership Dialogue in Delhi.
Mr Littleproud said he was thrilled to have the opportunity to help expand the prosperous trade and investment relationship shared by the two nations.
“Two-way trade in goods and services with India is now worth more than $20 billion,” Mr Littleproud said.
“Two-way investment has risen from $3 billion in 2006 to $23.9 billion in 2016.
“Our growing trade and investment shows the strength of Australia’s partnership with India, which holds powerful opportunities for both nations in the future.”
Mr Littleproud said the Australia India Leadership Dialogue would help strengthen overall economic ties and boost cooperation across key sectors such as knowledge, health and water resources.
“With India already the world’s seventh largest economy and set to remain the fastest growing major economy for the foreseeable future – at around 7 per cent per annum – it is vital that Australia understands the requirements for sustained Indian growth and works to complement them.”
