Australia–India Comprehensive Economic Cooperation Agreement
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The Australia-India Comprehensive Economic Cooperation Agreement (AI-CECA) is a bilateral agreement between
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
and India. The two nations launched negotiations for a Comprehensive Economic Cooperation Agreement in May 2011. On 2 April 2022, an interim agreement was signed by Ministers
Dan Tehan Daniel Thomas Tehan (; born 27 January 1968) is an Australian politician who was the Minister for Trade, Tourism and Investment in the Morrison Government from 2020 to 2022. He is a member of the Liberal Party and previously served as Minister ...
, representing the Morrison government of Australia and Piyush Goyal, representing the
Modi Government The premiership of Narendra Modi began on 26 May 2014 with his swearing-in as the prime minister of India at the Rashtrapati Bhavan. He became the 14th Prime Minister of India, succeeding Manmohan Singh of the Indian National Congress. Modi's ...
of India. The agreement cuts tariffs on a range of Australian exports to India, including coal, lentils, sheep meat and wool, lobsters and rare earths. It also promised a phased reduction of tariffs on wine and other agricultural products including avocados, cherries, nuts, blueberries, almonds, oranges, mandarins, pears and strawberries. "We are opening the biggest door of one of the biggest economies in the world in India," Prime Minister Scott Morrison said ahead of the signing. Minister Tehan predicted the agreement would lead to a doubling of trade in coming years. "India and Australia are natural partners. Like two brothers, both nations supported each other during the COVID-19 pandemic. Our relationship rests on the pillars of trust and reliability", Minister Goyal said.'Historic' trade agreement with India signed after decade of negotiations
abc.net.au; 2 April, 2022


See also

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Australia–India relations Foreign diplomatic relations between Australia and India are well-established, with both nations sharing a "Comprehensive Strategic Partnership" since both were part of the British Empire. Both are members of the Commonwealth of Nations, and sh ...


References


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Australia-India Comprehensive Economic Cooperation Agreement (AI-CECA)
{{DEFAULTSORT:Economic Partnership Agreement Free trade agreements of Australia Free trade agreements of India Bilateral relations of Australia
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...