"During the COVID period, we responded using financially sustainable measures. In fact, a lot of reforms were carried out under the pandemic stress. There was a lot of creativity which also was implemented on the field at large scale, because of the COVID pressures," S Jaishankar said.
As Australian Prime Minister Anthony Albanese is set to arrive in India this March to lock the India-Australia Economic Cooperation and Trade Agreement (ECTA) deal and upgrade the relationship between the two countries, the Australian High Commissioner to India Barry O' Farrell in an inte
The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will benefit Indian exports from preferential duty market access in Australia and will benefit India's labor-intensive sectors such as gems and jewelry, textiles, leather, footwear, furniture, food and agricultural p
An official statement from the Australian side that the trade agreement underscores the commitment to delivering opportunities to diversify trade that are commercially meaningful for Australian businesses.
The implementation of the Economic Cooperation and Trade Agreement (ECTA) between India and Australia has the potential to double bilateral trade in goods and services to USD 45 billion in the next five years, said the Confederation of Indian Industry (CII).
India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will enter into force on December 29 paving the way for the elimination of duties on 100 per cent tariff lines and creating additional 10 lakh jobs in India.
This announcement comes a week after Australian Prime Minister Anthony Albanese said that country's Free Trade Agreement (FTA) with India has passed through its Parliament.
The deal which was signed on April 2, 2022, is now ready for ratification for its early implementation. The Agreement will enter into force shortly, on a mutually convenient date once both sides have completed their domestic processes.
FICCI said achieving USD 100 billion targets of bilateral trade and investment is within the reach and it is the responsibility of businesses from both sides to achieve it by 2030.
After the announcement of the passing of the Australia-India Economic Cooperation and Trade Agreement from both houses, Australian Prime Minister Anthony Albanese said that the new trade agreements with India and the UK will strengthen the existing trade and economic relationships.
An Australian parliamentary committee on treaties has recommended its government give formal consent to the trade pact which was signed on April 2, this year, between India and Australia in a virtual ceremony.