Goyal urges Steel Industry to leverage India Australia ECTA Agreement

24 Nov 2022 CW Team

Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, has urged the steel industry to make the most of the India-Australia Economic Cooperation and Trade Agreement (ECTA) Agreement and look for new opportunities in Australia.

Goyal informed the audience that the Australian Parliament had approved the India-Australia Economic Cooperation and Trade Agreement (ECTA). He described it as a remarkable achievement, emphasising that India is engaging with the world's developed nations from a position of strength. He added that developed countries recognise that the Indian economy will drive global growth. He emphasised that following the agreement with Australia, all of our steel exports to Australia will be duty free.

He urged industry to make the most of the Agreement and to look for new opportunities in Australia. He stated that these trade agreements with developed countries will create new opportunities for our youth and businesses in a variety of sectors.

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