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flag Melbourne's mayor warns of global trade barriers, highlighting strong Australia-India economic ties and a $24.1B trade volume.

flag 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. flag 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. flag Bilateral trade reached $24.1 billion in FY 2024–25, with ongoing negotiations for a comprehensive economic agreement.

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