Australian Parliament passes trade deal with India

Story by  ATV | Posted by  Nakul Shivani • 1 Years ago
File image of Australian PM Anthony Albanese with PM Modi
File image of Australian PM Anthony Albanese with PM Modi

 

Canberra

Australian Prime Minister Anthony Albanese on Tuesday announced that country's Free Trade Agreement (FTA) with India has passed through its Parliament.

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.