Perth
Union Commerce and Industry Minister Piyush Goyal has said that over the years of negotiation, Prime Minister Scott Morrison and PM Narendra Modi decided to take India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) to the next level.
The minister was speaking at an event at the community centre Indian society of Western Australia on Friday.
“We have been having a sea-saw of the negotiation over India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA), for many years. Later with the blessing of Prime Minister Scott Morrison and PM Narendra Modi. It was finally decided that we must seriously engage and agree on how to take this comprehensive partnership which was launched by Prime Minister Scott Morrison and PM Narendra Modi in June 2020 to the next level and bring the economic dimension to our wonderful dimension,” he said.
Goyal noted that India and Australia working closely together in Quad to ensure peace and stability and order in the Indo-pacific region especially geopolitical alignment.
“We already have the Quad where Japan Australia, US and India are working closely together to ensure peace and stability and order in the Indo-pacific region especially geopolitical alignment that is the need of the hours” he said during the speech.
“We have a deep engagement to ensure that the supply chains between our countries remain open, transparent, resilient, effective and efficient,” he added.
Goyal is on a three-day visit to Australia from April 6 to 8. The visit comes days after inking the Economic Cooperation and Trade Agreement (ECTA).
Speaking to ANI, the minister said: “The trade agreement has been well received in India and Australia. I think it will be a great boost to both economic ties, help us in our geopolitical and strategic partnership and create huge employment opportunities for our young boys and girls in India.”
