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India - Australia FTA
November 28 , 2022
602 days
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- The free trade agreement between India and Australia has been okayed by the Australian parliament.
- Following the approval, the India-Australia Economic Cooperation and Trade Agreement (AI-ECTA) would now become operational on a mutually agreed date.
- The FTA will provide duty-free access to the Australian market for over 6,000 broad sectors of India.
- These include textiles, leather, furniture, jewellery and machinery.
- India exported goods worth $8.3 billion to Australia in 2021-22.
- India's imports from Australia, stood at $16.75 billion during the period.
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