The Australian Parliament on Monday ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023
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Union Minister for Commerce and Industry Piyush Goyal said that the Economic Cooperation and Trade Agreement (ECTA) is expected to be in the Parliament soon
Defence Minister Rajnath Singh said that Australia is a proven and trusted partner of India and both the nations share democratic values and common visions for a free and open Indo-Pacific
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Goyal underlined the importance of the India-Australia Economic Cooperation and Trade Agreement, saying even though the agreement was signed a bit late but its "better late than never."
Piyush Goyal said the newly signed trade pact with Australia is expected to take bilateral trade from the existing $27 billion to nearly $45-50 billion in the next five years
The economic cooperation and trade agreement signed between India and Australia will enable the two countries to fully leverage the existing opportunities, PM Modi said
Terming India and Australia as two brothers, Union Minister Piyush Goyal on Saturday said that both countries are natural partners, connected by shared values of democracy, rule of law and transparency.Speaking at India-Australia Economic Cooperation & Trade Agreement virtual signing ceremony today, the Union Minister said that both India and Australia supported each other during the COVID-19 pandemic."India-Australia are natural partners, connected by shared values of democracy, rule of law and transparency. Like two brothers, the two nations supported each other during the pandemic," he said.Piyush Goyal also said the relationship between the countries rests on the pillars of trust and reliability."Our relationship rests on the pillars of trust and reliability. Aptly reflected in our deepening geostrategic engagement through the Quad and the supply chain resilience initiatives" he said.Union Minister noted that India and Australia signed the Economic Cooperation and Trade ...
Australian Prime Minister Scott Morrison said a trade agreement with India due to be signed on Saturday represented "one of the biggest economic doors there is to open in the world today".
The pact will come into force at a mutually agreed date once it gets approval from the Union Cabinet in India and the Parliament in Australia
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