India – The Foreign Ministers of India, Australia, US and Japan joined a QUAD ministerial meeting in Tokyo where they discussed deepening cooperation in the Indo-Pacific region. This arrangement strengthens Australia’s relationship with India on a number of issues including supply chain resilience. Indian companies importing multiple goods – from pharmaceutical ingredients to critical minerals – are keen to diversify supply chains. Austrade is scoping demand for critical minerals in India and initial reactions are positive.
Bangladesh – Australia has recently exported containers of pulses and fruits to Bangladesh. Austrade is monitoring these shipments, which are being cleared as per the scheduled time. This implies that backlogs at Chittagong have now largely cleared. Meanwhile, the Asian Development Bank (ADB) projects a strong economic recovery in the 2020–21 fiscal year, with GDP expected to grow by 6.8%.
Sri Lanka – The government has delayed re-opening Colombo international airport indefinitely for incoming leisure and business travelers, however cargo and repatriation flights are operating including for Sydney. Fresh produce and other cargo is arriving from Australia to Colombo and other regional markets.