Prelims level : International Mains level : GS-II Governance, IR
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Why in News:

  • Australian Navy is, at present, “hanging off” COMCASA — India’s secure communications
    agreement with the U.S. — Australia


  • India moving to classified communications environment that one would see, for instance, in the Combined Task Force 150, 151 and 152 operations, where there’s a bunch of like- minded countries that have a communications system that is operating at the classified level, to be able to allow them to talk together.

Relation between India and Australia:

  • The establishment of India-Australia Joint Ministerial Commission (JMC) in 1989 encouraged dialogue at a government and business level on multiple issues of trade and investment.
  • India-Australia CEO Forum is a significant mechanism through which business leaders from both nations engage in mutually fruitful dialogue to enhance bilateral trade and investment relationship. The Forum consists of heads of Indian and Australian business from multiple sectors like energy and resources, agri-business, financial sector, telecommunications, IT, education and pharmaceuticals. The last meeting of the Forum was held in New Delhi on 29th August 2017.
  • The city of Canberra, Australia hosted the seventh India-Australia Economic Policy Dialogue during 16-18 July 2017.
  • India s main exports to Australia are passenger motor vehicle and machinery, pearls, gems and jewellery, medicaments (including veterinary) and refined petroleum products.
  • India s major imports from Australia are coal, non-monetary gold, copper, wool, fertilizers, wheat, vegetables and education-related services.
  • In 2016, India s trade in goods and services with Australia was about US$ 15.6 billion. In 2016, India s export to Australia was about US$4.6 billion.
  • In 2016, India s import from Australia was about US$11 billion.
  • The two countries are also involved in the RCEP (Regional Comprehensive Economic Partnership) negotiations.
  • Indian companies have invested in Australian mining sector successfully.
  • India is the fifth largest export market for Australia and tenth largest trading partner overall.
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