The initiative is considered an important step towards improving bilateral relations, particularly in terms of mobility and connectivity between people.
Commerce and Industry Minister Piyush Goyalwho recently concluded a three-day visit to Australia, praised the progress. “During the visit, I was pleased to learn that the working holiday visa, a key commitment under the India-Australia Trade and Economic Cooperation Agreement, will be operational from October 1, 2024, facilitating mobility and It will deepen the connection between people,” Goyal said in a post on X (formerly Twitter).
He concluded a very productive visit to Australia that will further strengthen our bilateral trade and investment ties in several priority sectors and open new areas of cooperation.
During the visit, happy
to know that the Work & Holiday visa, a key commitment under India-Australia…— Piyush Goyal (@PiyushGoyal) September 26, 2024
The visa will be available to Indian citizens aged between 18 and 30, granting them a 12-month stay during which they can work, study and travel around Australia. To qualify, applicants must meet specific eligibility criteria outlined by Australian law. The visa offers a multiple entry provision, allowing recipients to re-enter Australia during the validity period.
Goyal’s visit was instrumental in reviewing the progress of the extension of the AI-ECTA to a Comprehensive Economic Cooperation Agreement (CECA). The two nations aim to build on existing trade agreements, aiming to reach A$100 billion in bilateral trade by 2030. Both sides also discussed enhancing cooperation in multilateral and regional forums to further strengthen economic ties.
Furthermore, India and Egypt held the sixth session of the India-Egypt Joint Trade Committee (JTC) in New Delhi on September 16-17, 2024. Key areas of cooperation were identified, including trade and investment in the Suez Canal. Zone, pharmaceuticals, gems and jewelry, electronics engineering and manufacturing.
The Indian government also announced that approval had been obtained for a memorandum of understanding (MoU) between the National Small Industries Corporation (NSIC) and the Egyptian MSME Development Agency (MSMEDA).
With contributions from the agency.
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