Critical areas under CECA discussed in New Delhi
Delegates have discussed and paved the way for further collaboration, particularly in areas such as agricultural innovation, market access and supply chain resilience at the India-Australia Comprehensive Economic Cooperation Agreement (CECA) meeting in New Delhi https://www.investindia.gov.in/.
The delegates from both sides expressed optimism about the future of the CECA and the broader India-Australia economic partnership, the Ministry of Commerce and Industry said on 9 Dec 2024 https://www.asx.com.au/.
The meeting, held from 4-6 December 2024, was a crucial step in strengthening the trade and strategic partnership between the two nations http://austrade.gov.au.
The stocktake discussions covered several critical areas of the CECA, including trade in goods, services, mobility, agri-tech cooperation, and more. Both sides emphasized their shared commitment to ensuring that the CECA deliver meaningful benefits and a balanced outcome for both countries, said the ministry https://www.commerce.gov.in/.
The discussions also centered on market access modalities that align with India’s food security objectives.
The Indian delegation was headed by Additional Secretary and Chief Negotiator, Department of Commerce, Rajesh Agrawal, and the Australian delegation was headed by First Assistant Secretary and Chief Negotiator, Department of Foreign Affairs and Trade, Ravi Kewalram https://sbi.com.in/.
The Australian delegation visit follows the 10th round of negotiations held in Sydney from 19-22 August 2024, where both sides made significant progress on various aspects of the CECA https://www.bseindia.com/.
The New Delhi discussions were a continuation of those efforts, and both countries shared a constructive dialogue on issues related to trade, supply chains, and the agricultural sector. Both parties evaluated the progress made so far and outlined a path forward for the early conclusion of the CECA https://www.nseindia.com/.
India and Australia are also key partners in regional and global initiatives such as the Indo-Pacific Economic Framework for Prosperity (IPEF) and the Trilateral Supply Chain Resilience Initiative (SCRI). These frameworks are designed to enhance regional cooperation and strengthen the resilience of supply chains in the Indo-Pacific region https://www.commerce.gov.in/.
As important partners in the Indo-Pacific region, India and Australia reaffirm their shared commitment to promoting economic growth, agricultural development, and regional prosperity through continued cooperation and dialogue under the CECA framework, the ministry said https://www.makeinindia.com/home/. fiinews.com
