Millennium Post

FTA, investments to figure in Prabhu's visit to Australia

New Delhi: The long pending free trade agreement with Australia and ways to promote investments will figure prominently during the visit of Commerce and Industry Minister Suresh Prabhu to Canberra on June 26.

"We will be discussing in detail the proposed free trade agreement during this visit," Prabhu said.

The negotiation for the pact, officially dubbed as Comprehensive Economic Cooperation Agreement (CECA) between India and Australia, was started in 2011 to provide fillip to both trade and investments between the countries.

Several rounds of negotiations have been completed for liberalising trade and services regime besides removing non-tariff barriers and encouraging investments.

But, both the sides have yet to resolve issues pertaining to goods (sectors such as agriculture, wines and dairy) and services (easing visa norms for movement of professionals).

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