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Union Commerce and Industry Minister Piyush Goyal visited Melbourne, Australia, on Saturday to hold bilateral discussions with Minister for Trade and Tourism of Australia Senator Don Farrell and Minister for Skills and Training Andrew Giles.The constructive discussions focused on unlocking the full potential of the India-Australia Economic Partnership, including through an ambitious and balanced India-Australia Comprehensive Economic Cooperation Agreement (CECA).During the meeting, the Ministers reviewed the progress made under the CECA negotiations and discussed pathways to elevate bilateral trade and economic partnerships. The discussions covered a wide range of areas, including trade in goods, services, investment and mutually beneficial cooperation.In FY 2024-25, bilateral merchandise trade between India and Australia stood at USD 24.1 billion, with India's exports registering a growth of 14% in 2023-24 and a further 8% in 2024-25.Both sides reaffirmed their commitment to work constructively towards the early conclusion of a balanced and mutually beneficial CECA, building on the foundation of the India-Australia Economic Cooperation and Trade Agreement (ECTA), which entered into force in December 2022.Live EventsPiyush Goyal also engaged with select business representatives from the Indian diaspora, accompanied by Minister Farrell and Minister Giles. The interaction highlighted opportunities for stronger commercial linkages and underscored the community's role in advancing bilateral economic ties.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onPiyush GoyalComprehensive Economic Cooperation Agreementbilateral tradeeconomic 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 onPiyush GoyalComprehensive Economic Cooperation Agreementbilateral tradeeconomic 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
