Press Release

India-Australia FTA to offer big opportunities for exporters: ASSOCHAM

22nd November, New Delhi: Congratulating Commerce and Industry Minister Mr Piyush Goyal for proactively following policies aimed at giving Indian products, services and investors wider global reach, ASSOCHAM today said, ratification of the India-Australia Free Trade Agreement by the Australian Parliament is testimony to our growing importance as an economic partner. 

''The Prime Minister Shri Narendra Modi's government is aggressively following policies including the economic cooperation and trade agreements, commonly known as FTAs for ensuring greater market access for Indian businesses. This is quite a courageous glidepath because we are embarked upon trade -opening policies at a time when there is a clamour  in some parts of the world to look inward.  It is  a reflection of the inherent strength of the Indian economy. For us AtamNirbhar Bharat is reaching out to the world,'' ASSOCHAM Secretary General Mr Deepak Sood said. 

He said, the India-Australia FTA  which is fast nearing the implementation stage, would lead to enhanced trade and investment between the two major economies of the world, scaling opportunities for increased employment in several job-oriented sectors such as textiles, leather, gems and jewellery, sports goods and engineering. 

The ASSOCHAM said the Indian industry and the government are working in great cooperation and details for ensuring that ''we leverage such FTAs to increase our share in the world trade''