Industry Minister Piyush Goyal: India & Aus bilateral trade: Commerce and Industry Minister Piyush Goyal on Wednesday said that India and Australia should look at boosting the bilateral trade to USD 100 billion by 2030 from the current level of around USD 27.5 billion.
On April 2, India and Australia signed the Economic Cooperation and Trade Agreement (IndAus ECTA) under which both the countries are providing duty free access to a huge number of goods and relaxing norms to promote trade in services.
Industry Minister Piyush Goyal
Both the countries are also looking at things like providing dual degrees and signing mutual recognition agreements to promote services trade.
Goyal said that areas where both the countries can increase collaboration include education, research, startups and agri tech.
The minister also sought investments from Australia in areas like infrastructure.on in 2021.