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Our Bureau

New Delhi, Jan. 18 India has sought market access with Australia to export agricultural, dairy and poultry products and pleaded for removal of existing non-tariff trade barriers.

This was conveyed to the Australian Trade Minister, Mr Simon Crean, by the Union Commerce & Industry Minister, Mr Kamal Nath, here today. India is also looking forward to exporting mangoes from April 2008, Mr Nath said.

Mr Nath invited investment proposals in India from Australian companies, particularly in energy and infrastructure sectors. Some of the major Australian companies which have invested in India include BHP Petroleum Pty Ltd, Telstra Corporation Ltd, Telstra Holding Pty Ltd, Australian India Resources N.L., BHP Steel, Rio Tinto, BHP Billiton, MIM Holdings, Snowy Mountains Engineering Corporation.

He said Indian investments in Australia are now well over $1 billion and most of these are in the IT sectors.

India’s exports to Australia in 2006-07 were $924.78 million, while imports from Australia were $7,008.01 million. Australia’s trade in services with India during 2006-07 was $1,895 million, of which import of services was $360 million and the export was $1,536 million, an official release said.

Major items of India’s exports to Australia include gems and jewellery, metals, machinery and instruments, cotton yarn, fabrics, drugs and pharmaceuticals, while imports from Australia consists of gold, coal, coke and briquettes, metal ore, metal scraps and non-ferrous metals.

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