India, Aus bizmen to discuss ways to boost trade

Business leaders of India and Australia will discuss ways to increase trade and investment during the CEOs forum here this week.

Australian Trade and Investment Minister Andrew Robb, who is here for a three-day visit, will also attend the Australia-India CEO Forum. The co-chairs of the forum are Rio Tinto CEO Sam Walsh and Adani Group Chairman Gautam Adani.

Besides, Robb will discuss progress of the ongoing negotiations for the Comprehensive Economic Cooperation Agreement (CECA), which both sides aim to conclude this year.

Both the countries have agreed to work towards concluding the CECA in 2015 to increase trade and investment, promote job growth and fuel prosperity for both our countries, the Australian High Commission said in a statement quoting Robb.

"With Australia and India's top business leaders contributing to the Australia-India CEO Forum, we are committed to building and expanding our trade and investment relationship and together we will drive our future economic engagement," he said.

India is Australia's 12th-largest trading partner and the bilateral trade between the countries stood at USD 13 billion in 2014-15.