Australia Invites Indian IT Employees, Chefs, Students 4-Year Work Visa, On-Site Job with Intra-Company Transfers!
Introduction
“Visas for Indian chefs and yoga teachers and all children going to Australia from India will ensure that they have a job opportunity there,” said Trade and Industry Minister Piyush Goyal.
The agreement between Australia and India offered great benefits to international students studying in Australia. Students who are pursuing diploma courses are eligible to get up-to 18 months post study work visa giving them enough time to find related work or apply for a PR in Australia. Besides this international students who are pursuing a bachelor’s degree in Australia are eligible to get up to 4 years of post study work visa . On the other hand International Students who complete their Master’s or even Doctorates in Australia are eligible to get 3-4 year of Post study work option.
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Moreover, the government is making it easier for Indian IT professionals and managers to get new visas, meaning they can receive four year visas either on an Intra-company transfer or in a contract job onsite in Australia.
Overview
This is an economic cooperation and trade agreement aimed, among other things, at facilitating the exchange of students, professionals and tourists.
It also helps expand work, study and travel opportunities between the two countries.
Prime Minister Modi called it a “junction in bilateral relations” and said it would make his supply chains more resilient and also contribute to stability in the Indo-Pacific region.
“Visas for Indian chefs and yoga teachers and a guarantee that every child going from India to Australia will have a job opportunity there. Graduates and PhD students will receive four-year work visas in Australia. Postgraduates will be given three-year work visas,” the minister said at a press conference. It is expected to grow to about US$45 billion to US$50 billion in 2020. Six years on from a free trade deal approved today, the dollar could soar, adding that sectors ranging from textiles, gems and jewellery to pharmaceuticals and IT will benefit from an FTA with Australia.
“This reflects the strong ties that Prime Minister Narendra Modi has forged with the Australian government. Indian companies’ offering of both goods and services to the world will strengthen India’s growing position and capabilities. I appreciate it,” he added.
The free trade agreement, officially titled ‘India-Australia Economic Cooperation and Trade Agreement’ (AI-ECTA), had to be ratified by the Australian Parliament before it could come into force. The agreement was signed between the two countries in April this year.
Earlier in the day, Goyal expressed his delight in the free trade agreement. It lays the groundwork for us to maximize the potential of our relationship and foster massive economic growth,” he said on Twitter.
Importance for Australia
The deal is important for Australia as it seeks to become less dependent on its largest trading partner, China.
An agreement with India eliminated tariffs on more than 85% of her $12.6 billion worth of goods Australia exports to India.
Indian industry interests
Australia’s exports to India are more focused on raw materials and intermediates.
Raw materials have become cheaper in many industries in India, making it more competitive especially in sectors such as steel, aluminum, energy and engineering.
Importance for India
For India, ECTA with Australia is the first agreement in more than a decade with a large developed economy.
Both countries are strategically important as they are part of the Quad and partners in the Supply Chain Resilience Initiative (SCRI).
Major traditional Indian exports such as textiles and garments, select agricultural and seafood products, leather, shoes, furniture, gems and jewellery, pharmaceuticals and technical products will also have direct market access with zero tariffs from day one, will benefit greatly. the contract comes into effect.
‘People To People’ Relations
Coming to the soft power implications or what PM Modi calls ‘people to people’ relations, India gets commercially meaningful offers from Australia in several service sectors too.
Contractual Service Providers
Annual quota of 1,800 Indian traditional chefs and yoga teachers entering Australia as contractual service suppliers- temporary entry and stay for them is permissible for up to four years with a possibility of further stay.
Students
Around one lakh Indian students can get post-study work visas which will be given on a reciprocal basis.
This will provide eligible Indian graduates, postgraduates and STEM specialists extended options for working in Australia.
Under the agreement provisions, students can stay for up to a period of four years.
Indian IT Talent
Movement of IT professionals with specialized talent from India to Australia to enhance the latter’s startup ecosystem.
Large Indian IT companies can increase their involvement in Australian government projects.
Union minister Piyush Goyal who signed the pact also said that it will create one million jobs.
Importance to India’s IT industry
It is also of importance to India’s IT industry.
Indian tech companies will no longer have to pay tax on their offshore earnings in Australia.
This is thanks to the Australian Government agreeing to amend domestic tax laws to end the taxation of offshore earnings of Indian companies providing engineering services to Australia.
Contributed by Sanal pillai
Edited by Imtiaz Ullah
