The leaders welcomed continued growth in two-way trade under the India–Australia Economic Cooperation and Trade Agreement, noting its tangible benefits for businesses and consumers in both countries. Trade in goods and services has grown significantly since the agreement came into force, with Australian exports of coal, education and agricultural products seeing strong demand, while Indian pharmaceuticals and IT services have found a growing market in Australia. The leaders committed to exploring further liberalisation in services and investment, with a review of the agreement scheduled for next year. They also discussed opportunities for collaboration in critical minerals, clean energy and digital technologies.
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Prime Minister Albanese emphasised that Indian students in Australia are welcomed and are valued members of Australian classrooms, campuses and communities. He noted that India is now the second-largest source of international students in Australia, and that the government is streamlining visa processes to facilitate educational exchanges. The leaders also discussed mobility arrangements for professionals, recognising the mutual benefits of skilled migration. The summit also saw the signing of a new Memorandum of Understanding on sports cooperation, covering athlete training and exchange programs, reflecting the growing people-to-people links between the two cricket-loving nations.
The summit represents a significant milestone in the bilateral relationship, with both countries committed to deepening cooperation across defence, trade and people-to-people links. The leaders issued a joint statement outlining a comprehensive action plan for the next two years, covering 23 specific initiatives. The relationship has deepened considerably over the past decade, moving from a period of relative distance to one of close partnership. As both countries navigate a complex strategic environment, the Australia-India partnership is set to become an increasingly important pillar of regional stability. The next summit is scheduled to be held in New Delhi in 2028.
