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Australian parliament approves free trade agreement with India

Australian Parliament approved the pact between India and Australia for a free trade agreement. The India-Australia Economic Cooperation and Trade Agreement (AI-ECTA) needed ratification and is a great opportunity for Australian businesses. it will open up new markets to reach around 1.4 billion consumers in the world’s fastest-growing major economy.

  • Free Trade Agreement between India and Australia will help in supporting businesses to grow, offer more employment opportunities, and will give Australian consumers more choices.
  • It will also provide duty-free access to the Australian market for over 6,000 broad sectors of India, including textiles, leather, furniture, jewelry, and machinery.

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