It is the first Free Trade Agreement (FTA) that India has signed with a major developed country in over a decade (in 2022 between India and Australia)
The Agreement encompasses cooperation across the entire gamut of bilateral economic and commercial relations between the two friendly countries
ECTA provides for an institutional mechanism to encourage and improve trade between the two countries.
The ECTA between India and Australia covers almost all the tariff lines dealt in by India and Australia respectively
Trade is on a great trajectory due to the recently floated Economic Cooperation and Trade Agreement (ECTA).
Indian exports to Australia have increased substantially
77% utilisation rate by traders and key sectors in the last four months.
Indian exports of apparel increased by over 20%, iron and steel by 25%, and agriculture exports by 30%.
Australia focuses on exporting clean coal, critical minerals for green hydrogen, green battery manufacture, green steel, iron ore, and solar panels.
Indian Diaspora in Australia
Indian diaspora's significant contribution in IT, business, and other service sectors.
Indian community in Australia is over one million, being the fastest-growing community.
Over 100,000 visas were issued to Indians last year.
Encouraged the diaspora to play a positive role in bilateral ties.
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