Hotline: 1800 102 2007
X
Search Business Opportunities
2011-05-13

India Australia meet to boost ties

Seeks to double trade to USD 40 billion over next four years and a proposed free trade agreement (FTA)

Commerce and Industry Minister Anand Sharma met his Australian counterpart Craig Emerson for the annual Australia-India joint ministerial commission trade talks and both side decided to double trade to USD 40 billion over next four years and said negotiations for a proposed free trade agreement (FTA) would be expedited.

The two-way trade between the countries is currently worth about USD 21 billion a year. India is Australia's third largest merchandise export market while Australia is India's eighth largest trading partner.

During the meeting, the ministers also announced setting up of the chief executive officers' forum which would be co-chaired by Indian MP and industrialist Naveen Jindal and leading Australian businessman Lindsay Fox.

The first meeting of the forum, which would provide business guidance to the governments as they negotiate the FTA, would take place later this year.

Both the ministers stressed on building pathways towards closer economic integration, to enable better trade and investment including a high-quality comprehensive economic cooperation agreement (CECA) between Australia and India.

Sharma called for to double trade to USD 40 billion over next four years and said negotiations for a proposed free trade agreement (FTA) would be expedited.

Sharma will meet Emerson again this month at the OECD Ministerial Council in Paris.

 

Related opportunities
  • Casual dine Restaurants
    About Us: BiryaniArt is one the fastest growing speciality restaurant brands,..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: A part of BIBA Apparels Pvt. Ltd., ‘Rangriti’ brand..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bakery & Confectionary
    About US:  Incorporated in 1991, Lucky’s Bakery & Patisserie, is a..
    Locations looking for expansion Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Pharmacies
    About Us: |Reliable, Experienced, Trusted pharma product provider| The most trusted name..
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts