Hotline: 1800 102 2007
Hotline: 1800 102 2007
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)

India Australia meet to boost ties

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
  • Ice Creams & Yogurt Parlors
    About Us: Want to enhance the joy of eating by creating..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi Delhi
  • Preschools
    About Us: Start your own preschool by becoming Brainy Bear franchisee...Explore..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10000 - 50000
    Space required 3000 sqft
    Franchise Outlets 100-200
    Franchise Type Unit, Multiunit
    Headquater Bhopal Madhya Pradesh
  • Universities (including Overseas Franchises)
    About Us: TASA Asia provides Personalized Study Abroad & Vocations Abroad..
    Locations looking for expansion Maharashtra
    Establishment year 1990
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Career Counselling & Brain Programming
    About Us: MindMap Consulting was founded with a value system focused..
    Locations looking for expansion Andhra pradesh
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
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

pincode
ads ads ads ads