Comprehensive Economic Cooperation Agreement (CECA)

Reference News:-

India and Australia are fast-tracking negotiation regarding the bilateral Comprehensive Economic Cooperation Agreement (CECA).

India- Australia bilateral trade:

India’s exports to Australia amounted to $4.04 billion while imports were $8.24 billion in FY21.
Major Indian exports to Australia are petroleum products, medicines, polished diamonds, gold jewellery, apparel etc, while key Australian exports to India include coal, LNG, alumina and non-monetary gold.
In services, major Indian exports include travel, telecom and computer, government and financial services, while Australian services exports were principally in education and personal travel.
In 2020, India was Australia’s seventh-largest trading partner and sixth largest export destination, driven by coal and international education.