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Economy, I.R.
Mahesh

02/04/22 05:20 AM IST

IndAus ECTA

In News 
  • The India-Australia Economic Cooperation and Trade Agreement (“IndAus ECTA”) was signed by Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Government of India and Mr. Dan Tehan, the Minister for Trade, Tourism and Investment, Government of Australia in a virtual ceremony.

About ECTA
  • IndAus ECTA will further deepen the warm and close ties between the people of the two countries by expanding work, study and travel opportunities.
  • It will send a powerful signal to our businesses that ‘one of the biggest doors’ is now open as two dynamic regional economies and like-minded democracies are working together for mutual benefit.
  • It also delivers a clear message that democracies are working together and ensuring the security and resilience of supply chains.
  • The IndAus ECTA, encompassing trade in goods and services, is a balanced and equitable trade agreement, which will further cement the already deep, close and strategic relations between the two countries and will significantly enhance the bilateral trade in goods and services, create new employment opportunities, raise living standards and improve the general welfare of the peoples of the two countries.
Source-PIB

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