The 10th Round of India-Australia Comprehensive Economic Cooperation Agreement (CECA) was held from 19th to 22nd August 2024 in Sydney. India and Australia first launched negotiations for a Comprehensive Economic Cooperation Agreement (CECA) in May 2011.
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| 10th Round of India-Australia CECA Negotiations |
10th Round of India-Australia CECA Negotiations
10th Round of India-Australia CECA Negotiations was held from 19 to 22 August 2024 in Sydney in the areas of Goods, Services, Digital Trade, Government Procurement, Rules of Origin and Agri tech.
The 10th Round was held after a gap of around 5 months from the concluded 9th Round.
The Indian delegation was led by Rajesh Agrawal, the Chief Negotiator and Additional Secretary, Department of Commerce, GOI, and the Australian delegation was led by Ravi Kewalram, the Chief Negotiator and First Assistant Secretary in DFAT, Australia.
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The Chief Negotiators reviewed the bilateral trade and investment relations between India and Australia and underscored commitment to strengthen and enhance the economic partnership between India and Australia through building up on the positive effects of India-Australia Economic Cooperation and Trade Agreement (ECTA), which entered into force on 29 December 2022. Both sides made efforts to ensure that the CECA negotiation delivers meaningful benefits and balanced outcomes for both sides.
Next Round of India-Australia CECA Negotiations
The next Round of India-Australia CECA negotiations is likely to be held in November 2024.
Background
India and Australia first launched negotiations for a Comprehensive Economic Cooperation Agreement (CECA) in May 2011. There were nine negotiating rounds before both countries decided to suspend negotiations in 2016, pending the outcome of other plurilateral regional agreements.
Read Also: 3rd India-Australia Secretary-level 2+2 Dialogue was held in New Delhi
In September 2021, India and Australia formally restarted CECA negotiations with the intention of quickly concluding an Economic Cooperation and Trade Agreement (ECTA) to rapidly liberalize and deepen bilateral trade in goods and services and then use this basis to resume negotiations on the more ambitious CECA.
India and Australia ECTA was signed on 2 April 2022 and entered into force on 29 December 2022.
Static Current Affairs related to Australia for upcoming exams
- Capital: Canberra
- Largest city: Sydney (metropolitan) and Melbourne (urban)
- National language: English
- Prime Minister: Anthony Albanese
- Total Population 2024 estimate: 27,370,100 (54th)
- Currency: Australian dollar ($) (AUD)
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