NEW DELHI: India and Australia have achieved an agreement on the 'interim' trade agreement and intend to finalise it within the next 30 days, India's Commerce and Industry Minister Piyush Goyal said.
This has revealed by the minister at a joint press conference with Australian Trade, Tourism and Investment Minister Dan Tehan that the India-Australia Comprehensive Economic Cooperation Agreement (CECA) is likely to be completed in 12 months.
In March, the two countries are set to finalise an interim agreement. Goods, services, rules of origin, sanitary and phytosanitary measures, customs procedures, and legal and institutional concerns are among the suggested categories covered by the interim agreement.
Goyal also stated that great progress has been achieved in establishing the bilateral free trade agreement. The trade minister praised both Prime Ministers, Narendra Modi and Scott Morrison, for their leadership, advice, and support, describing the talks as a "major milestone" in the bilateral relationship between India and Australia.
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