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Growing India-Australia economic and commercial relations contribute to the stability and strength of a rapidly diversifying and deepening relationship between the two countries, as per the statement
Photo Credit : Piyush Goyal's Youtube
Union minister Piyush Goyal and Australian minister for trade, tourism and investment, Dan Tehan will sign the India-Australia Economic Cooperation and Trade Agreement (“IndAus ECTA”) in a virtual ceremony on Saturday.
According to the Ministry of Commerce and Industry, the agreement will be signed in the presence of Prime Minister Narendra Modi and Scott Morrison.
Growing India-Australia economic and commercial relations contribute to the stability and strength of a rapidly diversifying and deepening relationship between the two countries, as per the statement.
"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," it said.
The statement added that it 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.