SME Times News Bureau | 09 Apr, 2022
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 Shri 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.
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.
The FIEO President exuded that India would be crossing the target of dollar 45-50 Bn of bilateral trade much before five years.