New Delhi: Union Trade and Industry Minister Piyush Goyal flew to Australia on Tuesday for a 3-day visit.
His visit comes days after India and Australia signed the Economic and Trade Cooperation Agreement (IndAus ECTA) on Saturday April 2.
“During the visit, I will bring ECTA to the people,” Goyal said, adding that interactions were planned with business leaders, Indian students, the diaspora, etc.
During the visit, Goyal will have in-depth discussions with his Australian counterpart, MP Dan Tehan, Minister for Trade, Tourism and Investment, on the continuation of ECTA, the ministry said.
ECTA is India’s first trade agreement with a developed country after more than a decade and provides an institutional mechanism to improve trade between the two countries.
After arriving in Australia, Goyal spoke with Tony Abbott, the Australian Prime Minister’s special envoy for trade.
It was a pleasure to meet the Australian Prime Minister’s Special Envoy for India Trade @HonTonyAbbott in Melbourne.
He played a key role in the realization of #IndAusECTA. Discussed how the two countries can build on this agreement to increase supply chain resilience in the Indo-Pacific region. pic.twitter.com/wXdh6fHPjD
— Piyush Goyal (@PiyushGoyal) April 5, 2022
Goyal will also meet with Jason Wood, MP, Deputy Minister for Customs, Community Safety and Multicultural Affairs, Alex Hawke, Minister for Immigration and Multicultural Affairs, Roger Cook, MP, Deputy Premier of Western Australia and Minister of State Development, Employment and Trade. , Tourism, Commerce and Science and Madeline King, shadow trade minister.
Amid his busy schedule, the minister will visit the University of Melbourne and the Australia India Institute on Wednesday.
He will address a public conversation with Minister Dan Tehan and Allan Myers, Chancellor of the University of Melbourne, at the Melbourne Law School at the University of Melbourne.
Goyal will also visit the famous Melbourne cricket ground and address the Australia-India Chamber of Commerce and Austrade, alongside Minister Dan Tehan, in addition to interacting with Indian media.
He will later visit the Shiva Vishnu Temple in Melbourne and attend a community event with the Indian Diaspora.
On Thursday, April 7, Goyal and Minister Dan Tehan will address and interact with students at the University of New South Wales in Sydney and pay their respects at the Mahatma Gandhi statue on the University’s campus.
Goyal will later address the Emerging Diaspora Business Leaders Reception organized by India-Australia Business and Community Awards (IABCA).
Later in the evening, Goyal, accompanied by Minister Dan Tehan and Minister Alex Hawke, Minister for Immigration and Multicultural Affairs, will attend a community event at the Swaminarayan Temple in Sydney.
Before leaving Sydney on Friday April 8, Goyal will also meet Alan Joyce, CEO and Managing Director of Qantas Airways.
Goyal will meet with Australian agricultural producers and speak with Deputy Prime Minister Roger Cook and Madeline King, Shadow Trade Minister in Perth.
He will visit the Western Australia Cricket Ground (WACA) in Perth and attend a tourism event in conjunction with Tourism Western Australia, in addition to holding a press interaction with the Indian media delegation.
On Friday evening, Goyal will address the Community Center Indian Society of Western Australia (ISWA).
Australia is India’s 17th largest trading partner and India is Australia’s 9th largest trading partner.
ECTA is expected to nearly double bilateral trade from $27.5 billion (2021) to around $45-50 billion over the next 5 years.
ECTA is expected to create new employment opportunities, raise living standards and improve the general well-being of the people of both countries.
Additional job creation is expected to reach 10 lakhs over the next five years.