Australia and India recently signed a major interim free-trade deal via a virtual meeting. The free-trade agreement was noted as a significant step in diversifying export markets outside China.
The deal was signed by Australia’s Trade Minister Dan Tehan and his Indian counterpart Piyush Goyal during the virtual meeting. They were being witnessed virtually by Prime Ministers Scott Morrison in Tasmania and Narendra Modi in India. The significance of this deal is immense for both parties; Mr Tehan said in the virtual event, “we are very confident that this deal will see our two-way trade, as the trade between our nations will double in the coming years; (ABC News).
An international trade deal this significant would have been done in person before the pandemic, with both parties present in the room. Although the virus has changed the way the world works due to restrictions and health mitigation, so has the way we trade and do business.
This successful virtual conference was an outstanding achievement for all parties involved, including Go Live!