AUSTRALIA AND INDIA TOWARDS A EERS
The rise of trade observed between the two countries, Australia and India, demand the conclusion of the Trade and Economic Framework Agreement (EERS). This was announced on Thursday, Mr. Mark Weil (Mark Vaile), Australia#39;s Trade Minister, and Mr Kamal Nath (Kamal Nath), Minister of Industry and Trade of India. The agreement will define the necessary directions for future talks on cooperation between the two countries. The volume of trade between India and Australia remains at the level of 2004 - 7.4 billion U.S. dollars, while India was the thirteenth partner for her.
While India exported textiles, tea and crustaceans, Australia exported to India, mainly gold and carbon. As informed Mr. Vail, in July of this year, John Howard, Prime Minister of Australia, is going to visit India.
The Australian government is currently performing a case study on the conclusion of a similar agreement (EERS) with China, he added.
