India, Australia dealing with thorough financial pact, bilateral financial investment treaty: Piyush Goyal
By ET BureauLast Updated: Sep 26, 2026, 08:42:00 AM IST
Summary
India and Australia are working towards an extensive financial cooperation contract and a Bilateral Investment Treaty to deepen trade and financial investment ties, Commerce Minister Piyush Goyal stated. The nations are likewise broadening cooperation in crucial minerals and education, while attending to cross-border tax and compliance concerns impacting organizations and company.
India and Australia are working out an extensive financial cooperation arrangement and Bilateral Investment Treaty to broaden trade, financial investment and cooperation in locations consisting of vital minerals and education.
New Delhi: India and Australia are dealing with a thorough financial cooperation arrangement and a Bilateral Investment Treaty (BIT) to increase two-way trade and reinforce financial ties, commerce and market minister Piyush Goyal stated Friday.
At ICAI’s very first Oceania International Conference 2026 in Australia, he stated the 2 nations can improve cooperation in locations like education and crucial minerals.
“We are working with Australia for a BIT also,” Goyal stated in his virtual address.
The 2 nations carried out an Economic Cooperation and Trade Agreement in 2022 and are now working out to broaden the scope of the pact into a Comprehensive Economic Cooperation Agreement.
“Now we have decided to work towards a very balanced, fair and equitable, comprehensive economic cooperation agreement, which will also take our relationship to greater heights. We are working with Australia to have a bilateral investment treaty also,” Goyal stated.
Keeping in mind that Australia has important minerals and India has production and processing aspirations, he stated Canberra’s client capital and New Delhi’s cravings for development enhance each other. “We have also sorted out the problem of cross-border taxation that several service providers, particularly the IT companies, were facing. We have also had greater engagement on respecting each other’s due diligence to try to reduce the compliance burden on businesses and citizens,” the minister stated.
He recommended the ICAI members move from being stewards of capital to designers of development and sustainable business; and end up being ambassadors of India-Australia.
< meta material ="cms.article3" name ="cmsei-article3">