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India, Australia eye early conclusion on comprehensive trade pact

After implementing the interim trade deal—Economic Cooperation and Trade Agreement (ECTA)—in December, India and Australia now aim to conclude negotiations for a comprehensive trade pact by the end of this year.

Both countries are also looking at achieving $100 billion in bilateral trade.

“ECTA was the first stage of our economic engagement. We are now entering into phase two of our discussions where we are looking at a much wider ambit of subjects and taking this into a CECA,” commerce and industry minister Piyush Goyal said while addressing the media on