Modi seeks to accelerate trade pact talks with Australia

Canberra

PRIME Minister Narendra Modi said he wants to speed up negotiations on a comprehensive economic partnership agreement with Australia as he seeks better access for Indian businesses to the nation's markets.

"This is a natural partnership arising from our shared values, interests and strategic maritime location," Mr Modi told reporters in Canberra on Tuesday before addressing the Australian Parliament.

Mr Modi's address comes a day after China and Australia completed negotiations on a free-trade agreement and President Xi Jinping told Parliament he wants greater security ties with Australia. China's trade with Australia dwarfs that of India by 10 times and Prime Minister Tony Abbott said on Tu…