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Melbourne's mayor warns of global trade barriers, highlighting strong Australia-India economic ties and a $24.1B trade volume.
Melbourne Mayor Nicholas Reece warned of rising global trade barriers at the Bengaluru Tech Summit 2025, reaffirming Australia’s commitment to open markets amid growing protectionism.
Speaking from Melbourne, now Australia’s largest city, he highlighted its 400,000-strong Indian-Australian community as a key asset and emphasized expanding economic ties with India in tech, biotech, and investment.
Bilateral trade reached $24.1 billion in FY 2024–25, with ongoing negotiations for a comprehensive economic agreement.
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El alcalde de Melbourne advierte de las barreras comerciales globales, destacando los fuertes lazos económicos entre Australia e India y un volumen de comercio de $ 24.1B.