BVC Logistics, a leading secure logistics company, announced the successful shipment of the first export under the India-Australia Economic Cooperation and Trade Agreement (ECTA).
The shipment was dispatched within hours of ECTA coming into force on 29th December 2022 for its client Venus Jewel. Earlier this year, BVC achieved another milestone by facilitating the first consignment under the CEPA agreement between India and the UAE.
ECTA aims to significantly increase bilateral trade and create new employment opportunities as well as improve the welfare of the people of India and Australia. Further, under the trade agreement, the total bilateral trade is expected to cross $45 billion in 5 years and the gems and jewelery industry is also expected to benefit from zero duty on imports and exports under it.
Bhavik Chinai , Group CEO, BVC , said, “We are proud to deliver another milestone for our industry by enabling BVC to make its first exports to Australia from both BDB (Venus) and SEEPZ (Jewelex) under ECTA, India's second trade agreement in 2022. In which we have enabled export first. Team BVC is committed to enabling logistics solutions to enhance the contribution of the jewelery industry towards the country's export target.”
