Australia’s relationship with India is “stronger, deeper and more consequential than ever,” Senator Penny Wong has said, highlighting new opportunities to boost economic engagement between the two nations.
Speaking at a meeting with senior business leaders of the Australia-India CEO Forum, Senator Wong emphasised the Forum’s role in fostering trade and investment. “Meeting with senior business leaders of the Australia-India CEO Forum, I had the chance to discuss new opportunities to strengthen our economic engagement with India,” she said.
The CEO Forum, which brings together top executives from both countries, meets annually to advise the governments on strategies to enhance business and investment outcomes. It also participates in a range of events throughout the year aimed at strengthening Australia-India relations in priority sectors.
Active since 2012, the Forum was relaunched in 2023 by Prime Minister Anthony Albanese and Prime Minister Narendra Modi as a contemporary platform for CEOs to provide recommendations to both governments. This aligns with the ambitions of the Australia-India Comprehensive Strategic Partnership and the Economic Cooperation and Trade Agreement (ECTA), which came into force in December 2022.
Through working groups that meet between formal sessions, the Forum develops policy recommendations to further elevate bilateral trade and investment, supporting economic prosperity for both nations.
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