India, Australia Working On CECA And Bilateral Investment Treaty: Piyush Goyal
Headline by Prism · from 1 report
India and Australia are actively negotiating a Comprehensive Economic Cooperation Agreement and a bilateral investment treaty to deepen economic and strategic ties.
Deccan ChronicleThe brief
Written by software from the 1 report below.
- India and Australia are expanding their trade partnership following the 2022 Economic Cooperation and Trade Agreement.
- The two nations are now negotiating a Comprehensive Economic Cooperation Agreement and a bilateral investment treaty to increase trade and protect investments.
- Both countries aim to enhance cooperation in education, critical minerals, and renewable energy.
- These efforts seek to strengthen bilateral economic ties and create new opportunities for growth.
Who said what
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Piyush Goyal
Commerce and industry minister
2 quotes · 1 outlet
“Now we have decided to work towards a very balanced, fair and equitable, comprehensive economic cooperation agreement, which will also take our relationship to greater heights. We are working with Australia to have a bilateral investment treaty also,”
In the article
…to expand the scope of the pact into a Comprehensive Economic Cooperation Agreement (CECA). The minister also said that the two countries could enhance cooperation in areas like education, and critical minerals. “ Now we have decided to work towards a very balanced, fair and equitable, comprehensive economic cooperation agreement, which will also take our relationship to greater heights. We are working with Australia to have a bilateral investment treaty also, ” he said, while addressing ICAI’s first Oceania International Conference 2026 in Australia. BITs provide protection to investments in other countries. They also help promote two-way investments. “We are looking to have…
“We are looking to have Australia and India as a trusted partnership. We both complement each other. Australia has critical minerals. We have manufacturing and processing ambitions. Australian universities and our young talent complement each other. Australia's patient capital and our appetite for growth complement each other,”
In the article
…treaty also,” he said, while addressing ICAI’s first Oceania International Conference 2026 in Australia. BITs provide protection to investments in other countries. They also help promote two-way investments. “ We are looking to have Australia and India as a trusted partnership. We both complement each other. Australia has critical minerals. We have manufacturing and processing ambitions. Australian universities and our young talent complement each other. Australia's patient capital and our appetite for growth complement each other, ” Goyal said. “We have also sorted out the problem of cross-border taxation that several service providers, particularly the IT companies, were facing. We have also had greater engagement on respecting each other's due…
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NamedIndia · Australia · ICAI · Piyush Goyal
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