Highlighting India's forward strides in the global economy, Australian High Commissioner to India Barry O' Farrell said that there's no country better placed in the world to manage the global crisis in the economy than India regarding New Delhi's G20 Presidency.
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
The new trade agreement with India will deliver new opportunities for Australian businesses, said Australian Prime Minister Anthony Albanese as he announced his India visit next year in March.
Union commerce minister Piyush Goyal on Thursday said cheaper raw materials from Australia under the trade agreement will make India more competitive globally, besides enabling it to serve its domestic consumers better.
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).
On the occasion of India assuming the G-20 presidency, Australian envoy to India, Barry O'Farrell congratulated New Delhi and said that Canberra looks forward to working closely with India to achieve shared objectives.
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.
Australia is an important strategic partner of India and both democracies are part of the four-nation QUAD, Trilateral Supply Chain Initiative and the Indo-Pacific Economic Forum (IPEF), according to a Commerce Ministry statement.