Australian Parliament approves free trade agreement with India; to help double bilateral trade
Admin
Nov 23, 2022 10:17
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The Australian Parliament on Tuesday approved the free trade agreement inked with India in April, paving the way for the rollout of the pact on a mutually agreed date -- a move which would help in almost doubling the two-way commerce to USD 45-50 billion in about five years. The pact is expected to come into force from January 2023. The agreement, which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors including textiles, leather, furniture, jewellery and machinery in the Australian market.
