Canberra
Australian Prime Minister Anthony Albanese on Tuesday announced that country's Free Trade Agreement (FTA) with India has passed through its Parliament.
BREAKING: Our Free Trade Agreement with India has passed through parliament. (📷 with @narendramodi at the G20) pic.twitter.com/e8iG3gpTgr
— Anthony Albanese (@AlboMP) November 22, 2022
This comes a few days after Albanese said that he will visit India in March next year
Last week, Australian Trade Minister Don Farrell said that the trade agreement with India presents an enormous opportunity for Australian services companies and professionals accessing the Indian market.
The Australia-India Economic Cooperation and Trade Agreement (ECTA) was signed on April 2.
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According to the Australian government, the agreement will secure Australia's foothold in the world's fastest growing large economy and enable Australian businesses to unlock or expand their operations in a market of nearly one and a half billion consumers.