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Commerce and Industry Minister Piyush Goyal on Saturday reviewed the progress of negotiations for the second tranche of trade agreement with his Australian counterpart Don Farrell, an official statement said. "Both sides reaffirmed their commitment to work constructively towards the early conclusion of a balanced and mutually beneficial CECA (comprehensive economic cooperation agreement)," it said.The first part of the Economic Cooperation and Trade Agreement (ECTA) entered into force in December 2022. The first part of the Economic Cooperation and Trade Agreement (ECTA) entered into force in December 2022. During the meeting, the Ministers reviewed the progress made under the CECA negotiations and discussed pathways to elevate bilateral trade and economic partnerships.Live Events The discussions covered a wide range of areas including trade in goods, services, investment and cooperation in mutually beneficial, it said.In 2024-25, bilateral merchandise trade between India and Australia stood at USD 24.1 billion, with India's exports registering a growth of 14 per cent in 2023-24 and a further 8 per cent in 2024-25. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onIndia Australia trade agreementCECA negotiationsEconomic Cooperation and Trade AgreementPiyush GoyalDon FarrellIndia Australia economic partnership (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onIndia Australia trade agreementCECA negotiationsEconomic Cooperation and Trade AgreementPiyush GoyalDon FarrellIndia Australia economic partnership(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories
