The 3-day stocktake visit for the India-Australia Comprehensive Economic Cooperation Agreement (CECA) concluded in New Delhi on 6th December, 2024. The meeting, held from December 4th to 6th, 2024, was a crucial step in strengthening the trade and strategic partnership between the two nations. The Indian delegation was headed by Additional Secretary and Chief Negotiator, Department of Commerce, Shri Rajesh Agrawal, and the Australian delegation was headed by First Assistant Secretary and Chief Negotiator, Department of Foreign Affairs and Trade Shri Ravi Kewalram.

The stocktake discussions covered several critical areas of the CECA, including trade in goods, services, mobility, agri-tech cooperation, and more. Both sides emphasized their shared commitment to ensuring that the CECA delivers meaningful benefits and a balanced outcome for both countries. The discussions also centered on market access modalities that align with India’s food security objectives.

The visit follows the 10th round of negotiations held in Sydney from August 19th to 22nd, 2024, where both sides made significant progress on various aspects of the CECA. The New Delhi discussions were a continuation of those efforts, and both countries shared a constructive dialogue on issues related to trade, supply chains, and the agricultural sector. Both parties evaluated the progress made so far and outlined a path forward for the early conclusion of the CECA.

Both delegations expressed optimism about the future of the CECA and the broader India-Australia economic partnership. The discussions have paved the way for further collaboration, particularly in areas such as agricultural innovation, market access, and supply chain resilience.

India and Australia are also key partners in regional and global initiatives such as the Indo-Pacific Economic Framework for Prosperity (IPEF) and the Trilateral Supply Chain Resilience Initiative (SCRI). These frameworks are designed to enhance regional cooperation and strengthen the resilience of supply chains in the Indo-Pacific region.

As important partners in the Indo-Pacific region, India and Australia reaffirm their shared commitment to promoting economic growth, agricultural development, and regional prosperity through continued cooperation and dialogue under the CECA framework.

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AD/CNAN

Comprehensive Economic Cooperation Agreement progress focuses on market access aligned with food security and supply chain resilience. A three-day stocktake assessed progress on the Comprehensive Economic Cooperation Agreement, reviewing trade in goods and services, mobility, and agri tech cooperation; parties committed to designing market access consistent with India's food security objectives, prioritised supply chain and agricultural sector issues, and set out steps toward an early conclusion while aligning cooperation with regional frameworks.