Common Contracts
1 similar Economic Cooperation and Trade Agreement contracts
India Australia Economic Cooperation and Trade Agreement: A Win-Win for India and AustraliaEconomic Cooperation and Trade Agreement • January 9th, 2023
It helps matters that Australia exports largely raw materials to India, while India exports finished goods. The ECTA builds on this complementarity, creating win-win opportunities for the two countries. Here is what Additional Secretary, Department of Commerce and Industry, Rajesh Agrawal says: “The Department of Commerce has achieved the unique distinction of operationalizing two Trade Agreements this year - India UAE FTA and Ind – Aus ECTA. The coming into force of Ind – Aus ECTA brings together two major economies of the world - India the 5th largest economy and Australia the 14th largest economy. Since the trade between the two countries is hugely complementary, this offers opportunities on both sides and will pave the way for a win-win solution for both India and Australia.”
