India-Australia free trade agreement to come into force from Dec 29

Trade between the two countries is expected to cross $45-50 bn in five years

Import, Export, trade, protectionism, Free Trade agreements, deals, FTA, Shipping, Sea ways, Sea transport, Water ways, Water transportGrowth, Economy
Premium

Representative Image

Shreya Nandi New Delhi
A trade agreement between India and Australia will be implemented from December 29, almost nine months after the two sides signed a deal.

“India & Australia consolidate their long-standing partnership. Economic Cooperation & Trade Agreement, realised under the guidance of leaders of both countries, comes into effect from December 29, 2022. It is the dawn of a whole new era for our businesses & people,” said commerce and industry minister Piyush Goyal on Twitter.

India’s President has approved the deal. The two nations signed an interim free trade deal—Economic Cooperation and Trade Agreement (ECTA)--in April and the Australian Parliament ratified it last

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 30 2022 | 3:38 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com