You are here: Home » PTI Stories » National » News
Business Standard

India needs to reduce barriers on trade and domestic subsidies: Aus High Commissioner Harinder Sidhu

Press Trust of India  |  New Delhi 

needs to reduce barriers on and domestic subsidies to build a stronger economy, Australian High Harinder Sidhu said as she called for cooperation with New to work to provide an open and and resist the rise of globally.

Speaking at an event organised to discuss ' A Top Tier partner for in the Indo-Pacific', Sidhu said India and Australia's relationship is at the "strongest point it has been in decades".

"India and must be working together to provide an open and and resisting the rise of globally. If we work together we can more effectively resist these pressures," she said.

"For both and India, keeping our markets open to trade and investment strongly co-relates to economic growth and in a globalised world it is a fact that nobody can get rich all on their own. Australia's economic success has come from being an open trading nation and we bat for that idea," she added.

She also called for reducing barriers to trade and increasing domestic subsidies, saying it would build a stronger and more resilient relationship.

"India's complexity in bringing economic reforms can act times be challenging. Reducing barriers to trade and domestic subsidies will build a stronger, more resilient and more competitive economy," she said.

"Australia is on its way to building a first tier partnership with India," she said.

On economic front, they should do all they can do to create incentives for stronger trade between two countries, she said, adding that if the right environment is created, then business will follow.

She also said there was a "myth" that "Australia's close relationship with other countries strains our freedom of action".

"Let me set the record straight. Though we have a strong security alliance with the US and a strong economic relationship with we have always raised concerns with both when required to defend our interests. Being friends does not mean we always agree," she said.

"We were one of the few countries to call out on its activities in the Sea. We have also have been clear with the US on the issues associated with tariff and its withdrawal from These are some of the many reasons that prove we have independent actions and why India should consider Australia as its strategic partner," she added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 29 2018. 21:55 IST
RECOMMENDED FOR YOU