Next round of India-Australia free trade pact talks in Sep

The next round of negotiations for the proposed free-trade agreement between India and Australia will be held here in September.
"Australian and Indian negotiators are hard at work on a India-Australia Comprehensive Economic Cooperation Agreement (CECA). The ninth negotiating round will take place in Delhi this September," Australian high Commission said in a statement.
It said that a high quality mutually beneficial agreement will bring growth and prosperity to both the countries.
The CECA negotiations, which started in 2011, are aimed at liberalising trade in goods and services besides creating a level-playing field to boost investments.
Both the countries have aimed at completing the negotiations by the end of this year.

According to a feasibility study conducted by both the countries jointly, the free trade pact is likely to result in India gaining between 0.15 and 1.14 per cent of its GDP, while Australia would end up with the gains between 0.23 and 1.17 per cent of its GDP.
The two-way trade between India and Australia stood at USD 12.12 billion in 2014-15.
India's foreign investment into Australia is worth USD 11 billion. While, Australia has invested only USD 695.21 million during April 2000 and June 2015 in India.