Prime Minister Tony Abbott renewed his invitation to Prime Minister Shri Narendra Modi to visit Australia. Prime Minister Modi has accepted the invitation to make a bilateral visit to Australia at the G20 Summit in November 2014. The two sides agreed that the visit of Prime Minister in Australia Modi will lead to the strengthening of cooperation between the two countries and will give new impetus to the future development of the strategic partnership.
The Prime Ministers welcomed the rapid growth of bilateral relations in recent years, rooted in shared values, expansion of economic engagement, the convergence of strategic interests and a common agenda increasingly in regional and multilateral institutions.
The Prime Ministers affirmed their commitment to strengthening the bilateral strategic partnership and bring it to a new level of mutual trust.
Premiers welcomed the signing of the bilateral civil nuclear cooperation agreement as a concrete symbol of the bilateral partnership. They noted the agreement would allow the sale of Australian uranium to support the growing energy needs of India and directed negotiators to conclude administrative arrangements at an early date. economic engagement
Premiers emphasized the priority they attach to building the economic partnership, which was a pillar of the relationship. They reiterated their two countries to expand trade more to
mutual benefit and as a long term and stimulate sustainable economic growth in both countries. They agreed that there was much to be done to stimulate investment and collaboration in both directions in infrastructure, resources, agriculture, manufacturing, health, education and other sectors to increase efficiency, introduce new technology and develop innovation and skills.
Prime Minister Abbott welcomed the growing Indian investment in Australia and stressed Australia's commitment to a process of stable investment environment and streamlined approvals. Prime Minister Modi too welcomed Australian investments in a range of infrastructure, resources, technology and other projects in India.
Premiers welcomed the progress towards a comprehensive economic cooperation agreement (CECA) support a significant expansion of bilateral trade and investment. They renewed the commitment of both countries for a swift conclusion of a fair, balanced, comprehensive and high quality.
Premiers noted expand the bilateral dialogue on economic policy, including in areas such as taxation, competition, financial sector regulation and infrastructure.
The Prime Ministers welcomed the delegation of senior Australian business leaders who accompanied the Prime Minister on his visit Abbott. They agreed that the engagement partnerships and economic affairs should be strengthened by a CEO Forum revitalized and encouraged regular exchange of business and trade missions and the convening of an India-Australia Business Summit in Delhi early 2015.
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