The GJEPC Research Division hosted an insightful webinar on the benefits of the India-Australia Economic Cooperation and Trade Agreement (ECTA) as a part of its Global Market Insights series on 9th July. The webinar, which was attended by 120 participants, aimed at empowering and equipping Indian jewellery manufacturers and exporters with essential knowledge and strategies to penetrate the Australian gem and jewellery market, which holds substantial potential for growth and collaboration.
Presented by Dr. Rashmi Arora, Economist, GJEPC, the session kicked off with an in-depth explanation on the India-Australia bilateral trade and provided a comprehensive overview of Australia’s export potential, offering exporters valuable insights on leveraging the ECTA agreement to expand their market reach.
Guest speakers Mr. Jeremy Keight, Sales Director, Jewellery World and Ms. Laura Moore, Founder & MD, Jewellery Industry Network presented a detailed analysis of the Australian jewellery market, highlighting market expansion opportunities for Indian manufacturers.
A critical component of the session was the discussion on the rules of origin for exports under ECTA, which ensures that only goods originating from India benefit from the agreement. Mr. Vivek Bidwai, Deputy director, Export Inspection Agency (EIA) explained the criteria that determine the eligibility of goods for preferential treatment. He provided clarity on the documentation required, such as the certificate of origin, and the process of obtaining it through the designated authorities in India.
The seminar concluded with actionable steps for Indian exporters. The GJEPC’s research division encouraged exporters to thoroughly research Australian market trends and consumer preferences before entering the market and provided details on participating in upcoming Australian trade fairs.