Sid Maher reports that Australian uranium sales to India could begin soon. The China free-trade agreement negotiations remain on track to be clinched by the end of the year and the Trans-Pacific Partnership deal could be signed by mid-2015. Trade Minister Andrew Robb also said yesterday that the nation had a unique window of opportunity to secure its 200 billion dollar pipeline in infrastructure projects. International companies were looking to Australia for opportunities and the world was awash with cheap money, he said. And with Joe Hockey encouraging the states to sell assets to fund new infrastructure projects, he said Australia could be a leader in the next 10 years in public-private partnership standards.
With the November G20 leaders meeting seeking economic reform initiatives capable of boosting world growth by 2 per cent and creating 20 million jobs, Mr Robb said a lot of work still needed to be done by some countries to achieve this goal. He said the reform initiatives on the table at the moment would produce growth of about 1 per cent but the meeting had given lagging countries impetus to explore other initiatives. Mr Robb said a key initiative in Australian growth acceleration package was reversing coastal shipping reforms introduced by the Gillard government that had added to domestic shipping costs.
After talks with the Indian trade delegation on Friday, Mr Robb said he believed Australian uranium sales to India were very close.
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