Federation of Indian Export Organisations (FIEO) is mounting a Business Delegation consisting of various Export Promotion Councils for business meetings in Australia as a sequel of India-Australia Economic Cooperation and Trade Agreement (ECTA) signed on April 02, 2022. The delegation consists of Apparel EPC, Gems & Jewellery EPC, Cotton Textiles EPC, Services EPC, Indian Oilseeds & Produce EPC and Council for Leather Exports. The business delegation is a part of the delegation led by Piyush Goyal, Hon’ble Commerce & Industry Minister to Australia from April 5-8, 2022. The delegation will have meetings with businessmen from Australia at Melbourne, Sydney and Perth.
Dr A Sakthivel, President, FIEO complimented the Hon’ble PM & CIM for finalising the ECTA with Australia in record time and hoped that the same will be converted into Comprehensive Economic Cooperation Agreement very soon. All sectors of exports are likely to be benefitted particularly apparel & textiles, leather, engineering, gems & jewellery, and more particularly services wherein India has moved aggressively from a positive list to negative list.
Service professionals are likely to be major beneficiaries of the Agreement including Indian chefs and yoga teachers besides students who will get post study visas ranging from one & half years to four years. New opportunities will be available in Government procurements and digital economy for Indian entrepreneurs and exporters.
President, FIEO exuded that India would be crossing the target of $45-50 bn of bilateral trade much before five years.
