India and Australia reaffirmed their commitment to the conclusion of a commercially-meaningful Comprehensive Economic Cooperation Agreement (CECA), which addresses the priorities of both sides.

In a joint statement issued at the end of talks between Prime Minister Narendra Modi and his Australian counterpart Malcom Turnbull, the two countries expressed their keenness to secure a timely conclusion of a high-quality Regional Comprehensive Economic Partnership (RCEP). “RCEP can provide a boost to regional economic confidence in a time of global uncertainty — but to do so it needs to deliver commercially meaningful outcomes for business,” said the statement.

Earlier, at a joint press event with Turnbull, Modi said they reviewed the entire gamut of ties and took many “forward looking” decisions, including one on early holding of the next round of talks on comprehensive economic cooperation agreement.

Emphasising on peace and stability in the Indo-Pacific region, Modi said challenges like terrorism and cyber security require global strategy and solutions.

Source: Financial Express
 

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