Dominion Lending Centres Clearlease Reports India and Australia commit to doubling trade to $42 billion and kick off free trade talks
VANCOUVER, BC – (May 12, 2011) Clearlease Reports Australia and India committed to doubling the value of trade between the two countries within five years to 40 billion Australian dollars ($42 billion) as they kicked off talks on Thursday on a bilateral free trade deal.
The balance of trade heavily favours Australia, which exported 19.8 billion Australian dollars ($21 billion) in coal, gold and other goods and services to Asia’s third-largest economy last fiscal year.
Australian Trade Minister Craig Emerson and Indian Commerce Minister Anand Sharma agreed in a statement on Thursday to “double this figure to AU$40 billion” in two-way trade over five years.
The first round of free trade negotiations will be held in New Delhi next month. No completion date has been set.
India, with a population of 1.2 billion, is deepening it economic ties with its Asia-Pacific neighbours as its industrial sector rapidly expands. New Delhi struck bilateral free trade deals with Japan and Malaysia in February.
India is Australia’s largest export market after China and Japan, buying 7.8 per cent of Australian exports. Australia is also negotiating bilateral free trade pacts with China and Japan, which like India are major markets for Australian iron ore and coal.
Australia, with a population of 22 million, ranks 34th among India’s export markets, annually buying about AU$2 billion in goods such as textiles and clothing as well as services.
The five-year target would require a continuation of rapidly expanding trade ties despite the sluggish global economy. Australian exports to India grew on average 25 per cent annually over five years to 2009.
Emerson said Australia aimed to improve trade relations rather than alter the trade balance.
“Where that ends up in terms of trade balances is really a matter for markets,” Emerson told reporters.
Sharma said doubling the value of trade would enhance exports from both countries.
Emerson said Australia’s ban on uranium exports to India was not discussed in talks with Sharma at his Parliament House office on Thursday.
India wants to buy Australian uranium to fuel its burgeoning energy needs, but Australia won’t sell unless the nuclear-armed country signs the Nuclear Nonproliferation Treaty.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC – (May 12, 2011) Clearlease Reports Australia and India committed to doubling the value of trade between the two countries within five years to 40 billion Australian dollars ($42 billion) as they kicked off talks on Thursday on a bilateral free trade deal.
The balance of trade heavily favours Australia, which exported 19.8 billion Australian dollars ($21 billion) in coal, gold and other goods and services to Asia’s third-largest economy last fiscal year.
Australian Trade Minister Craig Emerson and Indian Commerce Minister Anand Sharma agreed in a statement on Thursday to “double this figure to AU$40 billion” in two-way trade over five years.
The first round of free trade negotiations will be held in New Delhi next month. No completion date has been set.
India, with a population of 1.2 billion, is deepening it economic ties with its Asia-Pacific neighbours as its industrial sector rapidly expands. New Delhi struck bilateral free trade deals with Japan and Malaysia in February.
India is Australia’s largest export market after China and Japan, buying 7.8 per cent of Australian exports. Australia is also negotiating bilateral free trade pacts with China and Japan, which like India are major markets for Australian iron ore and coal.
Australia, with a population of 22 million, ranks 34th among India’s export markets, annually buying about AU$2 billion in goods such as textiles and clothing as well as services.
The five-year target would require a continuation of rapidly expanding trade ties despite the sluggish global economy. Australian exports to India grew on average 25 per cent annually over five years to 2009.
Emerson said Australia aimed to improve trade relations rather than alter the trade balance.
“Where that ends up in terms of trade balances is really a matter for markets,” Emerson told reporters.
Sharma said doubling the value of trade would enhance exports from both countries.
Emerson said Australia’s ban on uranium exports to India was not discussed in talks with Sharma at his Parliament House office on Thursday.
India wants to buy Australian uranium to fuel its burgeoning energy needs, but Australia won’t sell unless the nuclear-armed country signs the Nuclear Nonproliferation Treaty.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports India and Australia commit to doubling trade to $42 billion and kick off free trade talks
VANCOUVER, BC – (May 12, 2011) Clearlease Reports Australia and India committed to doubling the value of trade between the two countries within five years to 40 billion Australian dollars ($42 billion) as they kicked off talks on Thursday on a bilateral free trade deal.
The balance of trade heavily favours Australia, which exported 19.8 billion Australian dollars ($21 billion) in coal, gold and other goods and services to Asia’s third-largest economy last fiscal year.
Australian Trade Minister Craig Emerson and Indian Commerce Minister Anand Sharma agreed in a statement on Thursday to “double this figure to AU$40 billion” in two-way trade over five years.
The first round of free trade negotiations will be held in New Delhi next month. No completion date has been set.
India, with a population of 1.2 billion, is deepening it economic ties with its Asia-Pacific neighbours as its industrial sector rapidly expands. New Delhi struck bilateral free trade deals with Japan and Malaysia in February.
India is Australia’s largest export market after China and Japan, buying 7.8 per cent of Australian exports. Australia is also negotiating bilateral free trade pacts with China and Japan, which like India are major markets for Australian iron ore and coal.
Australia, with a population of 22 million, ranks 34th among India’s export markets, annually buying about AU$2 billion in goods such as textiles and clothing as well as services.
The five-year target would require a continuation of rapidly expanding trade ties despite the sluggish global economy. Australian exports to India grew on average 25 per cent annually over five years to 2009.
Emerson said Australia aimed to improve trade relations rather than alter the trade balance.
“Where that ends up in terms of trade balances is really a matter for markets,” Emerson told reporters.
Sharma said doubling the value of trade would enhance exports from both countries.
Emerson said Australia’s ban on uranium exports to India was not discussed in talks with Sharma at his Parliament House office on Thursday.
India wants to buy Australian uranium to fuel its burgeoning energy needs, but Australia won’t sell unless the nuclear-armed country signs the Nuclear Nonproliferation Treaty.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk