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Dec 30, 2022, 11.45 AM

Piyush Goyal flags Off the first consignment Under India-Australia ECTA from Mumbai

Dispatchment of consignments under India-Australia ECTA was held simultaneously from Mumbai, Surat and Chennai.

Union Minister Piyush Goyal flagged off the first consignment under the India-Australia Economic Cooperation and Trade Agreement (ECTA) on 29th December at Mumbai.

Along with Piyush Goyal, the flag off ceremony at Mumbai was held in the presence of Mr. Rajesh Agrawal, Additional Secretary, Department of Commerce; Ms.  MonideepaMukerjee, Director General, PIB, Mumbai; Mr. ShyamJagannathan, Zonal Development Commissioner, SEEPZ, Mumbai; Mr. R.K Mishra. Additional DGFT , Mumbai , Mr. TapanMazumder , Addl DGFT, Mr. Vipul Shah, Chairman, GJEPC, Chairman of several EPCS , other Govt. officials and Media

Piyush Goyal, Minister of Commerce & Industry said, “With this agreement with Australia entering into force, that makes it two agreements within a calendar year. It's a matter of great joy and celebration for all of us. There is a lot of potential for exporting finished products to Australia as they're largely a raw material and intermediate producing country. So, it's a complete win-win. Many of the products being manufactured in India, are providing huge amount of work and job opportunities for businesses both in merchandise and in services.”

Rajesh Agrawal, Additional Secretary, Department of Commerce, “ECTA brings together two largest economies of the world. Two countries are hugely complimentary to each other in nature. Import of raw materials on Nil duty will boost our manufacturing sector immensely.”

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