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Today Date : Monday, May 20, 2024

Adani Ennore Container Terminal Facilitates Export Consignments Under ECTA

Adani Ennore Container Terminal Facilitates Export Consignments Under ECTA

The recently concluded India-Australia Economic Cooperation and Trade Agreement (ECTA) commenced operation from the AdaniEnnore Container Terminal today and willcover 90% of bilateral trade between the two countries. Under ECTA, India will benefit from preferential access to 100% of its export products to Australia.

The flagging of ceremony of the export consignments from Tamil Nadu under ECTA was heldat theAdaniEnnoreContainer Terminal in the presence of Mr Israr Ahmed, Past Chairman FIEO, Mr Vishwas BN, ITS Jt. DGFT, Chennai, Mr Balaji, IRS, Addl Commissioner of Customs, Chennai, Mr Unnikrishnan AR, MD, Saint Gobain India Pvt Ltd., Mr RamdeKarangiya, Container Terminal Head, AdaniEnnore Container Terminal Ltd, Mr. Vivek Nair, Head Container Sales at AdaniEnnore Container Terminal Ltd, other senior officials from Zonal DGFT, FIEO, Ennore Port and leading exporters to Australia.

The Implementation of ECTA from December 29, 2022 is expected to help Indian exporters, especially MSMEs utilise opportunities in the Australian market to its optimum potential.

India's strength in Pharma products, jewellery, vehicles and agricultural products including rice, textiles and garments, handloom products, leather products, organic chemicals engineering and construction materials including float glasses, spices etc, can be leveraged by the exporters in the region to gain more share in Australia's import basket. Dr. Sakthivel, President, FIEO said that Textiles and Garments will gain immensely along with opportunities for the handloom sector.