India & Australia walk the talk and sign the historic Economic Cooperation and Trade Agreement.Piyush Goyal
Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Govt. of India.
The India-Australia Economic Cooperation and Trade Agreement (“IndAus ECTA”) was signed by Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Government of India and Mr. Dan Tehan, the Minister for Trade, Tourism and Investment, Government of Australia in a virtual ceremony, in the presence of Hon’ble Prime Minister of India, H.E. Shri. Narendra Modi and the Hon’ble Prime Minister of Australia, H.E. Scott Morrison today.
The deal removes trade barriers & unlocks potential across sectors with massive employment generation opportunities in both nations.
This is a watershed moment for our bilateral relationsPrime Minister, Shri Narendra Modi
Terming ‘people to people’ relations as the key pillar of the relationship between India and Australia, the Prime Minister said “This agreement will facilitate the exchange of students, professionals, and tourists between us, which will further strengthen these relations.”
Over 6000 sectors, including textiles, leather, furniture, jewellery, and machinery to get duty-free access to the Australian market as a result of IndAus ECTA.