Highlights from the First Virtual Bilateral Summit between Australia & India
News & Insights

<p>The <strong>first Virtual Bilateral Summit</strong> between Australia-India held on June 4, 2020 has successfully heralded a great synergistic collaboration between the two APAC economies.</p>
<p>Prime Ministers Narendra Modi & Scott Morrison have committed to elevate the bilateral Strategic Partnership (which concluded in 2009) to a <strong>Comprehensive Strategic Partnership</strong> (CSP).<br />
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Both countries aspire to have an open, free, rules-based Indo-Pacific region which is supported by inclusive global and regional institutions to promote stable, prosperous, and sovereign states with shared interests.<br />
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<strong>Few Highlights:</strong></p>
<ul>
<li>Joint Statement on a Comprehensive Strategic Partnership between Republic of India & 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've made an infographic highlight to reflect the summit statement against findings from Tat Capital'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 look at the various sectors covered during the summit talks –</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. 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'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 & 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"]