India, Australia sign trade pact to boost ties, PM Modi calls it 'watershed moment'
Sunday, February 5, 2023
  • Circulation
  • Advertise
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
  • World
  • G20
  • Editorial
  • Analysis
  • Opinion
  • Sports
  • More
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • My States
    • Vocal4Local
    • Business
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
SUBSCRIBE
No Result
View All Result
  • ‌
  • Bharat
  • World
  • G20
  • Editorial
  • Analysis
  • Opinion
  • Sports
  • More
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • My States
    • Vocal4Local
    • Business
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • G20
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • My States
  • Vocal4Local
  • Subscribe
Home Bharat

India, Australia sign trade pact to boost ties, PM Modi calls it ‘watershed moment’

The Agreement was signed virtually in Melbourne by Dan Tehan, Australian Minister for Trade, Tourism and Investment, with Union Commerce and Industry Minister Piyush Goyal in New Delhi.

WEB DESK by WEB DESK
Apr 2, 2022, 12:18 pm IST
in Bharat
PM Modi at a virtual signing ceremony of India-Australia Economic Cooperation and Trade Agreement (Photo Source: ANI)

PM Modi at a virtual signing ceremony of India-Australia Economic Cooperation and Trade Agreement (Photo Source: ANI)

Share on FacebookShare on TwitterTelegramEmail

New Delhi [India], April 2: India on Saturday signed a massive historic trade deal with Australia, aiming to boost economic ties between the two countries.

Prime Minister Narendra Modi said that the India-Australia Economic Cooperation and Trade Agreement is a “watershed moment” for bilateral ties. The interim free trade deal aims to eliminate 85 per cent tariffs on Australian goods exports to India.

“Consensus on such an important agreement in such a short period of time shows the mutual trust between the two countries. This is truly a watershed moment for our bilateral relations,” PM Modi said at a virtual signing ceremony of the agreement.

PM Modi said the newly signed trade deal would contribute to the increasing supply chains resilience and stability of the Indo-Pacific region.

“Great potential between our two economies to fulfill each other’s needs. With this Agreement, we will be able to benefit from opportunities. On the basis of this Agreement, together we will be able to contribute to increasing supply chains resilience and stability of the Indo-Pacific region,” PM Modi said.

The Agreement was signed virtually in Melbourne by Dan Tehan, Australian Minister for Trade, Tourism and Investment, with Union Commerce and Industry Minister Piyush Goyal in New Delhi.

Australian Prime Minister Scott Morrison said that the signing of the Agreement further develops the promise of an economic relationship between the two countries.

Dan Tehan thanked PM Modi and Australian PM Scott Morrison for inking the trade deal in his opening address. “Thank You for what you have invested into this agreement through your friendship and your determination to bring out two countries together to find ourselves at this historic moment,” the Australian trade minister said.

He also thanked his Indian counterpart, Piyush Goyal. Tehan said, “To my good friend Piyush Goyal, Thank You for your friendship over the last seven to eight months. We have worked tirelessly with our negotiators to make sure that we have got to this occasion.”

“We are very confident that this deal will see two-way trade, the trade between our nations will double in the coming years. We also know that this agreement will underpin the economic stability of the Indo-Pacific. It is an agreement for its time, it is an agreement for this moment and it’s wonderful to be able to join with you to sign it. What a wonderful occasion to be doing with on India’s New Year. This will create a new dawn for our nations but also it is wonderful to be able to celebrate on such an occasion,” added Tehan.

The Australian government said that the deal would eliminate tariffs on more than 85 per cent of Australian goods exports to India, rising to almost 91 per cent over 10 years.

On the first day of implementing the interim pact, over 6,000 tariff lines would be available for Indian exporters at zero duty. (ANI)

Topics: Piyush GoyalDan TehanScott MorrisonIndo-PacificAustralian goods exports to IndiaIndiaNarendra ModiIndia-Australia Economic Cooperation and Trade AgreementAustraliaIndia-Australia
Share1TweetSendShareSend
Previous News

ICMR played a crucial role in India’s COVID-19 fightback: Scientist

Next News

J-K: 25 Rohingya Muslims detained in Ramban, sent to holding centre in Jammu

Related News

India joins hands with France, UAE in trilateral defence, energy cooperation

India joins hands with France, UAE in trilateral defence, energy cooperation

PM Modi to inaugurate HAL’s helicopter factory in Karnataka on Feb 6

PM Modi to inaugurate HAL’s helicopter factory in Karnataka on Feb 6

US, India see each other as ‘trusted partners’, says Indian Envoy

US, India see each other as ‘trusted partners’, says Indian Envoy

Russia supports India becoming permanent member of UNSC, says ambassador

Russia supports India becoming permanent member of UNSC, says ambassador

‘Investigate, punish them’: India tells Australia on Khalistani violence targeting Indians

‘Investigate, punish them’: India tells Australia on Khalistani violence targeting Indians

PM Modi’s mega ‘Matri Shakti’ push in North East Polls

PM Modi’s mega ‘Matri Shakti’ push in North East Polls

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Budget 2023: Laying foundation of future Bharat

Budget 2023: Laying foundation of future Bharat

Budget 2023: Focus on ‘Amrit Kaal ‘and Green Growth

Budget 2023: Focus on ‘Amrit Kaal ‘and Green Growth

Band, baaja, bulldozer: Groom arrives at his wedding atop a JCB in Gujarat’s Navsari

Band, baaja, bulldozer: Groom arrives at his wedding atop a JCB in Gujarat’s Navsari

BBC documentary on PM Modi: A conspiracy by external adversaries

BBC documentary on PM Modi: A conspiracy by external adversaries

Former Pak President and LeT “biggest supporter” Pervez Musharraf died in Dubai

Former Pak President and LeT “biggest supporter” Pervez Musharraf died in Dubai

President appoints five new judges to the Supreme Court

President appoints five new judges to the Supreme Court

Wanted Maoist held in Aurangabad; security forces unearthed Maoist dump in Odisha’s Kalahandi

Wanted Maoist held in Aurangabad; security forces unearthed Maoist dump in Odisha’s Kalahandi

Pakistan’s ISI, LeT sent hand grenades for ‘lone wolf’ attack in Hyderabad: NIA

Pakistan’s ISI, LeT sent hand grenades for ‘lone wolf’ attack in Hyderabad: NIA

Hindenburg-Adani Controversy: Attack on Adani is continuation of assaults on Indian economy

Hindenburg-Adani Controversy: Attack on Adani is continuation of assaults on Indian economy

India joins hands with France, UAE in trilateral defence, energy cooperation

India joins hands with France, UAE in trilateral defence, energy cooperation

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • My States
  • Vocal4Local
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Subscribe
  • Advertise
  • Circulation
  • About Us
  • Contact Us
  • Privacy Policy
  • Cookie Policy
  • Terms of Use
  • Refund and Cancellation

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies