Australia's zero import duty access to India, which was earlier 5 per cent, will provide a level-playing field with exports from China, Vietnam and Bangladesh, the Ratings agency said on Thursday.
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.
This comes as India and UK are engaged in FTA negotiations, which began in January this year, aiming to advance trade and investment relations between them. Both countries currently have a multi-dimensional strategic partnership and actively engage in bilateral trade.
In his first major address on Foreign Policy, UK Prime Minister Rishi Sunak on Monday strongly asserted that the "golden era" between Britain and China is now over and that it is time to evolve the approach towards China as the country is posing a systemic challenge to UK's values.
The Confederation of Indian Alcoholic Beverage Companies welcomed the ratification of the India-Australia FTA by the Australian Parliament and said this would take the trade ties between the two nations to newer heights.
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.
Australian Prime Minister Anthony Albanese on Tuesday said that the country's Free Trade Agreement (FTA) with Britain has passed through its parliament. The deal, which was earlier agreed upon by the UK Prime Minister in June was finally signed today in a virtual format by the UK Internat
Countries such as China, Bangladesh, Vietnam, Germany, Italy, Turkey, Spain and India dominate the export market, with China accounting for a lion's share of 33 per cent of the total exports backed by high labour productivity along with economies of scale.
A trade agreement between India and Britain that aims to double bilateral trade by 2030 could not be done by late October, the initial target for concluding the talks. Whether these discussions will take place at the ministerial level or the secretarial level will soon be decided. According
The commerce minister was speaking at a function organised by a media house in New Delhi on Saturday evening. Piyush Goyal said, "The government gives top priority to the interests of India while entering into FTAs (free trade agreements) with countries. India doesn't enter into agreements j
India and UK on Wednesday held All-Party Parliamentary Groups (APPGs) inaugural meeting and discussed cooperation in sunrise sectors like the Green economy, FinTech etc.