🛡️ India-Australia Comprehensive Economic Cooperation Agreement (CECA)
♟️CECA is a free-trade agreement between two countries that strengthens their bilateral trade.
♟️Australia and India first embarked on negotiations for a CECA in 2011.
♟️Both countries are looking to expand their trade ties under CECA, to cover sectors like goods, services, rules of origin, government procurement, digital trade, and agri-technology.
♟️It also aims to unlock the potential of sectors such as clean energy, agribusiness, education, skills development, and tourism.
♟️In 2023-24, India’s imports from Australia declined 15% to USD 16.15 billion, while India’s exports increased 14.23% to USD 7.94 billion. Australia is India’s 13th largest export destination and 14th largest import source for India.
♟️CECA is a free-trade agreement between two countries that strengthens their bilateral trade.
♟️Australia and India first embarked on negotiations for a CECA in 2011.
♟️Both countries are looking to expand their trade ties under CECA, to cover sectors like goods, services, rules of origin, government procurement, digital trade, and agri-technology.
♟️It also aims to unlock the potential of sectors such as clean energy, agribusiness, education, skills development, and tourism.
♟️In 2023-24, India’s imports from Australia declined 15% to USD 16.15 billion, while India’s exports increased 14.23% to USD 7.94 billion. Australia is India’s 13th largest export destination and 14th largest import source for India.