Australia thanks India for successful and historic G20 Summit amid a challenging year

India is Australia’s sixth largest trading partner with two-way trade in goods and services valued at $46.5 billion in 2022.

The Prime Minister of Australia has thanked his Indian counterpart Narendra Modi for organising a successful and historic G20 Summit in New Delhi.

PM Albanese talking about world events, particularly Ukraine and Russia’s war, said:

“[PM Modi] has steered the G20 through another challenging year, a year made all the more challenging, of course, by Russia’s illegal and immoral invasion of Ukraine, which I condemn in the strongest terms.”

During their bilateral discussion, both leaders talked about concluding the Comprehensive Agreement between Australia and India (CECA).

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CECA builds upon the discussions of the Economic Cooperation and Trade Agreement (ECTA) and will capitalise on the potential for closer economic ties between Australia and India.

PM Albanese in his speech to the summit leaders urged to commit to net-zero to lessen the impact of devastating natural disasters.

He added that urgent action was needed:

“Our communities have endured another year of extreme climate impacts. Devastating weather events have affected so many nations, including Australia. The science is clear: our climate has already changed. We are united in our ambition for a net-zero future. Now we must turn our hands to action: urgent, comprehensive action.”

During his intervention at the summit, PM Albanese also urged the G20 economies to increase the production of renewable energy technology.

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India is Australia’s sixth largest trading partner with two-way trade in goods and services valued at $46.5 billion in 2022 and is also focussing on building renewable energy resources to fight climate change.

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