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Australian Parliament clears path for free trade agreement with India

Both nations prepare for New Year roll-out; DTAA with New Delhi amended, too

India-Australia ties

Under the deal, Australia has agreed to eliminate customs duty immediately on 98.3 per cent of the traded goods and on 100 per cent tariff lines over a period of 5 years

Asit Ranjan Mishra New Delhi
The Australian Parliament on Monday ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023. This will be India’s first trade deal with a developed country in more than a decade, after the Comprehensive Economic Partnership Agreement was signed with Japan in 2011.

“The (Anthony) Albanese government has worked hard to expeditiously advance all processes necessary, to ensure Australia is in a position to implement both (India and the UK) free trade agreements before the end of 2022,” the Australian trade ministry said in a statement. The Australian

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First Published: Nov 22 2022 | 11:24 PM IST

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