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India-Australia Summit: PM Modi, Scott Morrison to hold 2nd virtual summit today; What will be on agenda?

India-Australia Summit: PM Modi, Scott Morrison to hold 2nd virtual summit today; What will be on agenda?

India-Australia Virtual Summit: Prime Minister Narendra Modi and Prime Minister of Australia Scott Morrison will host 2nd India-Australia summit in virtual mode on March 21, 2022, The summit comes two years after the historic first virtual summit that was held in June 2020 when the two countries extended their ties to a Comprehensive Strategic Partnership.

During the India-Australia Virtual Summit 2022, the leaders of the two countries can take stock of the progress made on various initiatives under the ‘Comprehensive Strategic Partnership’.

India-Australia Summit 2022: What will be on the agenda?

1. Apart from Russia-Ukraine, Indo-Pacific, on the agenda during the India-Australia summit, the two leaders are also expected to commit to closer cooperation in important minerals, trade, migration and mobility.

2. Prime Minister Narendra Modi and Scott Morrison will also share their views on international and regional issues of mutual interest.

3. The India-Australia summit is also expected to be the largest trade agreement ever signed by the Australian government in India, with Canberra announcing Rs. 1,500 crores in India across multiple sectors.

4. An early harvest agreement is also expected between India and Australia by the end of this month.

5. During the India-Australia summit, both the countries will sign a Memorandum of Understanding in the field of critical minerals. This will help increase India’s access to metallic coal and lithium in Australia and meet the growing demand for electric vehicles and growing infrastructure in the country.

What is the Early Harvest Agreement between India and Australia?

An early harvest agreement between the governments of India and Australia aims to liberalize tariffs on the trade of certain commodities between the two countries or trading blocs before a comprehensive agreement.

India-Australia ties continue despite pandemic

Despite the widespread COVID-19 pandemic, India and Australia continued their close cooperation in various areas, including defence, cyber, science and technology, critical and strategic materials, public administration and governance, and water resources management.

The two leaders met in Washington DC in September 2021 for the first in-person meeting since the pandemic on the margins of the QUAD Leaders Summit.

India-Australia Virtual Summit 2020

During the India-Australia Virtual Summit 2020, the two countries inked eight landmark agreements to take forward India-Australia cooperation.

This includes the Joint Declaration on Maritime Cooperation in the Indo-Pacific, several MoUs on cooperation in various fields including mining, cyber technology, public administration, defense cooperation and water resources management.

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