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India-Aussies’ CECA to go up


The News Bureau, Jan 20

Minister of State for Commerce & Industry Nirmala Sitharaman and Andrew Robb AO, MP, Australia’s Minister for Trade and Investment discussed to take the India-Australia Comprehensive Economic Cooperation Agreement (CECA) negotiations forward.

On market access for Australian goods Robb said that they were looking at the premium end of the Indian market. They would not be competing with domestic production given th

size of Indian market and high costs of production coupled with far lower levels of production in Australia.

The Indian side said that there was considerable potential for Australia to scale up investments in India in cold chain, bio-tech projects, marine sector, engineering and manufacturing sectors apart from mining and energy projects.

Nirmala also held discussions with the Director General of World Trade Organization (WTO) Roberto Azevêdo and representatives of OECD, the Confederation of British Industry and the UK India Business Council.

She said that India subscribed to the multilateral trading and emphasised that there should be no differentiation amongst developing countries as regards commitments and differential treatment for developing countries. Doha mandate should not be re-opened nor should there be any cherry picking of issues from the Doha development agenda, she said.

On the margins of the partnership summit held in Jaipur, Rajast

than Nirmala met her counterparts from the participating countries and representatives of international organizations.


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