We have asked for an early meeting of the negotiators.to identify areas where more work needs to be done, " Mr Turnbull said yesterday at a media conference alongside Mr Modi. The two leaders also inaugurated a research center on nano and bio technology.
"And, with the passing of legislation in the Australian Parliament with bipartisan support, Australia is now ready to export uranium to India".
On the bright side, Australia has become the second-most popular destination after the United States for Indians studying overseas, with over 60,000 Indian students studying on the continent.
"India is undergoing a dramatic economic transformation and our close partnership creates opportunities for both nations", 62-year-old Turnbull said in a speech at the Sydney Institute.
This is Turnbull's first visit to India since he assumed office in September 2015.
The Australian prime minister's push for a more multilateral trade deal may be the result of India's track record for taking a hard line with brokering trade deals.
India and Australia signed agreements Monday on cooperating to combat global terrorism and transnational organized crime, as well as working together in areas such as the environment, climate, wildlife and civil aviation security.
India and Australia on Monday signed six memorandums of understanding (MoUs) in different fields including combating terrorism, civil aviation security, sports, health and medicine and satellite navigation. Both sides agreed to extend bilateral engagement to the Asia- Pacific region. Speaking to the press, the Australian Prime Minister called for increasing ties between the two countries while highlighting the sustained Indian economic growth. A high-powered delegation from the education sector will also be accompanying the Australian Prime Minister.
Turnbull said the trading relationship between the two countries was delivering significant benefits to both nations, with two-way trade in goods and services worth almost AUD20 billion ($15 billion) in 2016.
The two countries are now looking to seal a free trade agreement.
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