<p>The <strong>first Virtual Bilateral Summit</strong> between Australia-India&nbsp;held on June 4, 2020 has successfully heralded a great synergistic collaboration between the two APAC economies.</p> <p>Prime Ministers Narendra Modi &amp; Scott Morrison have committed to elevate the bilateral Strategic Partnership (which concluded in 2009) to a <strong>Comprehensive Strategic Partnership</strong>&nbsp;(CSP).<br /> <br /> Both countries aspire to have an open, free, rules-based Indo-Pacific&nbsp;region which is supported by inclusive global and regional institutions to promote stable, prosperous, and sovereign states with shared interests.<br /> <br /> <strong>Few Highlights:</strong></p> <ul> <li>Joint Statement on a Comprehensive Strategic Partnership between Republic of India &amp; Australia</li> <li>Joint Declaration on a Shared Vision for Maritime Cooperation in the Indo-Pacific</li> <li>Framework Arrangement on Cyber and Cyber-Enabled Critical Technology Cooperation</li> <li>MOU on cooperation in the field of Mining and processing of critical and strategic minerals</li> <li>Arrangement concerning Mutual Logistics Support (MLSA)</li> <li>Implementing arrangement concerning cooperation in Defence Science and Technology to the MoU on Defence Cooperation</li> <li>MoU on Co-operation in the field of Public Administration and Governance Reforms</li> <li>MoU on Cooperation in Vocational Education and Training</li> <li>MoU on Water Resources Management</li> </ul> <p>We&#39;ve made an infographic&nbsp;highlight to reflect&nbsp;the&nbsp;summit&nbsp;statement against findings from Tat Capital&#39;s Australia India 2019 Industry Report, released during TatXpo2019:</p> <p><img alt="Australia-India Strategic Partnership 2020" src="https://tat.capital/docs/uploads/2020/06/Aus-India-CSP.png " /></p> <p>A brief&nbsp;look at the various sectors covered during the summit&nbsp;talks&nbsp;&ndash;</p> <h3>Education</h3> <p>Education being a central component of the economic relationship, both PMs noted to continue efforts to expand partnership in this area.&nbsp;They also concluded a new Memorandum of Understanding on Cooperation in Vocational Education and Training to create new areas of cooperation in policy development, program delivery and exchange of information.</p> <p>As per the Industry Report by Tat Capital in 2019, India is already Australia&#39;s 2nd -biggest education market and the familiarity of a growing Indian community in the diaspora provides additional boost to prospective Indian students.</p> <p>Australia has an advantage over other countries with world-leading distance education platforms, and flexible study options. There are several existing partnerships between Australian and Indian universities on several academic and vocational skill training areas.</p> <p>With the pandemic situation, it is of mutual interest to both countries that a partnership in Education has been agreed.</p> <h6>Check out the below report for more info on Tourism &amp; Other Sectors:</h6> [embeddoc url="https://tat.capital/docs/uploads/2020/06/Highlights from the First Virtual Bilateral Summit between Australia India.pdf" viewer="google"]