Goyal will co-chair the 19th India-Australia Joint Ministerial Commission meeting with Don Farrell, Australia’s Minister of Trade and Tourism, to be held in Adelaide on September 25.
“Commerce minister’s visit will add further impetus to the strong and growing trade and investment ties between India and Australia, which have received a boost following finalization of the bilateral Economic Cooperation and Trade Agreement (ECTA),” the commerce and industry ministry said in a statement.
During the meeting, they will discuss ways to further elevate the bilateral economic engagement.
The ECTA came into effect on December 29, 2022 and now are in negotiations to expand its scope.
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India-Australia bilateral trade dropped to $24 billion in FY24 from $26 billion in FY23. New Delhi had a trade deficit of $8.2 billion with Canberra in 2023-24.