India-Australia Economic Cooperation and Trade Agreement to be signed today

India-Australia Economic Cooperation and Trade Agreement will be signed today. Commerce and Industry Minister Piyush Goyal and Trade, Tourism and Investment Minister of Australia Dan Tehan will sign the India-Australia Economic Cooperation and Trade Agreement. The agreement will be signed in a virtual ceremony in the presence of Prime Minister Narendra Modi and the Prime Minister of Australia Scott Morrison.

Commerce and Industry Ministry said, growing India-Australia economic and commercial relations contribute to the stability and



strength of a rapidly diversifying and deepening relationship between the two countries. The agreement encompassing trade in goods and services, is a balanced and equitable trade agreement, which will further strengthen the strategic relations between the two countries. 

The Ministry said, it will significantly enhance the bilateral trade in goods and services, create new employment opportunities, raise living standards and ensure the welfare of the peoples of the two countries