Wednesday, June 18, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Exports

Exports: Modi-Albanese want early conclusion of CECA

Fiinews by Fiinews
March 13, 2023
in Exports
Reading Time: 2 mins read
A A
0
PIB.

Ministers Goyal and Farrell after India-Australia 18th Joint Ministerial Commission in New Delhi on 11 Mar 2023.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Goyal-Farrell to work for productive engagement at 13th WTO in Abu Dhabi

Prime Ministers Narendra Modi and Anthony Albanese look forward to swift progress in negotiations and for an early conclusion of an ambitious Comprehensive Economic Cooperation Agreement (CECA), which will build on the foundation laid by the ECTA, including new areas of trade, investment and cooperation.

CECA will create new employment opportunities, raise living standards and improve the general welfare in both countries, said the Commerce and Industry Ministry on 12 Mar 2023.

It also noted that Minister of Commerce and Industry Piyush Goyal and Australia’s Minister for Trade and Tourism Don Farrell look forward to concluding CECA as soon as possible.

The two Ministers met in New Delhi on 11 Mar for the India-Australia 18th Joint Ministerial Commission and were pleased with the progress resolving various bilateral technical market access issues and look forward to continuing engagement to sign CECA soon.

The Ministers highlighted the importance of a smooth and timely clean energy transition as both countries work towards achieving their respective net zero goals.

Goyal and Farrell also noted the complementary nature of Australia and India’s economies and committed to further enhancing economic, technology, and trade and investment cooperation to get to net zero emissions. 

Further, the Ministers discussed engagement in the G20, the Indo-Pacific Economic Framework (IPEF) and the World Trade Organization (WTO).

Farrell reiterated Australia’s strong support for India’s G20 Presidency.

The Ministers agreed that the G20 needs to help the world navigate a pathway back to strong, sustainable and inclusive growth, including accelerating progress to achieve the Sustainable Development Goals.

They agreed that Australia and India share high ambition for the IPEF, as evidenced at the special round of IPEF negotiations in New Delhi, and would continue to work together though IPEF on areas of mutual interest, including the clean economy and resilient supply chains. 

The Ministers reaffirmed the importance of the multilateral trading system, with the WTO at its core.

They agreed to build on the success of the 12th WTO Ministerial Conference in Geneva and reaffirmed their commitment towards improving WTO functions and having a fully functioning dispute settlement system by 2024.

They agreed to work towards a productive engagement in the run up to the 13th WTO Ministerial Conference to be held in Abu Dhabi in 2024.

Australia and India are important trading partners with bilateral trade exceeding US$31 billion last financial year.

Both agreed that given the trade complementarities between the two countries, there is considerable potential for significantly enhancing bilateral trade within the next 5 years. fiinews.com

Tags: Ministry of Commerce and Industry
ShareTweetShare

Related Posts

Aieclogo
Exports

Export: FIEO expect stability in 2H’25

by Fiinews
June 17, 2025
0
11

May exports grew 2.8% led by services sector Exporters are adapting well to a tough global environment, says FIEO President...

PIB
Exports

Export: Cyprus-India bullish on IMEC

by Fiinews
June 17, 2025
0
14

Cyprus to work on EU-India strategic partnership Cyprus President Nikos Christodoulides and Prime Minister Narendra Modi have underscored the significance...

H V Agarwal Ficci

Export: FIEO lauds RBI repo rate decision

June 15, 2025
18
Confederation Of Swedish Enterprise Organization.

Export: Stockholm meetings focused on trade

June 14, 2025
15
Kasturi Cotton Logo

Export: Textile sector to create road map

June 13, 2025
13
Sihk Ccis Of Switzerland

Export: India-Swiss talks focused on economies

June 13, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: KredX-SBI work on finance network
  • Market: ASISA expands Iberia business with HCLTech
  • Market: Schneider leverages on residential growth
  • Tender: Progress of ndustrial nodes assessed
  • Tender: Bharti plans $2bn Global Business District

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.