India Australia Trade Deal

Saturday, 17 May, 2025

India Australia Trade Deal

India-Australia hold CECA negotiations, next round likely in November

The 10th Round of India-Australia CECA Negotiations was held from 19-22 August 2024 in Sydney in the areas of Goods, Services, Digital Trade, Government Procurement, Rules of Origin and Agri tech.

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India-Australia trade deal expected to boost gems, jewellery sector; annual volume seen at USD 2 bn

The Gem and Jewellery Export Promotion Council (GJEPC), the industry body, expects the trade agreement to boost bilateral gem and jewellery trade from USD 1.3 billion at present to USD 2 billion annually. Key commodities exported to Australia are plain gold jewellery, studded jewellery, and cut and polished diamonds. The main commodities imported from Australia are precious metals -- gold and silver bars.

India-Australia trade deal estimated to create 10 lakh jobs: Piyush Goyal

The India-Australia Economic Cooperation and Trade Agreement, which would give a big boost to especially textiles, gems, jewellery, and pharmaceuticals sectors, is expected to create new 10 lakh jobs, said Union commerce minister Piyush Goyal.