'Historic' trade agreement with India signed after decade of negotiations
2 years, 8 months ago

'Historic' trade agreement with India signed after decade of negotiations

ABC  

Australia and India have signed a major interim free-trade deal hailed as a significant step in diversifying export markets and reducing Australia's economic dependence on China. Key points: The deal was signed by Trade Minister Dan Tehan and his Indian counterpart It cuts tariffs on things like sheep goods, coal, lobsters and rare earths Missing from the agreement are major exports like dairy and chickpeas Prime Minister Scott Morrison touted the deal as "one of the biggest economic doors" available to open. The interim Australia-India Economic Cooperation and Trade Agreement was signed in a virtual ceremony by Trade Minister Dan Tehan and his Indian counterpart Piyush Goyal, and witnessed by prime ministers Scott Morrison and Narendra Modi. The "early harvest" agreement between Australia and India is a comprehensive agreement close to a full free-trade agreement Missing from the deal are some major exports, such as dairy and chickpeas.

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History of this topic

India raises issue of pharma pricing control in Australia
7 months, 2 weeks ago

India raises issue of pharma pricing control in Australia

Deccan Chronicle  

New Delhi: India has raised the issue of pharmaceutical pricing control in Australia, particularly on generic medicines, during a recent bilateral meeting between the officials of the two countries.The two sides have decided to work closely on timely resolution of market access issues, deepen people-to-people contacts, and create an institutional mechanism for sharing of preferential import data, the commerce ministry …

Australian envoy Philip Green hails ties between India, Australia
1 year ago

Australian envoy Philip Green hails ties between India, Australia

Hindustan Times  

Lauding the bilateral partnership between New Delhi and Canberra, the Ambassador of Australia to India, Philip Green OAM highlighted a remarkable two-way trade that has grown by more than 50 per cent over the past five years, adding that India is the most consequential relationship. Australian envoy Philip Green Emphasizing India's paramount significance in their bilateral relations, he expressed his …

Trade and security ties with India gathering pace: Australian Speaker
1 year, 2 months ago

Trade and security ties with India gathering pace: Australian Speaker

The Hindu  

Security and trade cooperation between India and Australia are gathering pace, and relations between the two “rich and vibrant democracies” have never been stronger, said Milton Dick, Speaker of Australia’s House of Representatives. In an interview with The Hindu, Mr. Dick said Australia is currently resetting its relationship with China, but its ties with India are “unique” with trade, security, …

Australia and European Union fail to reach free trade deal despite visit to break deadlock
1 year, 5 months ago

Australia and European Union fail to reach free trade deal despite visit to break deadlock

ABC  

Australia and the European Union have failed to resolve five-year-long negotiations on a planned free trade agreement worth almost $100 billion. Key points: Australia's trade minister travelled to Brussels this week in an attempt to break the deadlock The EU wants to restrict Australia from using names including prosecco and feta Australia wants the deal "to achieve meaningful agricultural access …

India, UK still far apart on free trade deal: Report
1 year, 7 months ago

India, UK still far apart on free trade deal: Report

Live Mint  

India and Britain are struggling to make progress in free trade talks due to differences on some key tariff lines and investment protection rules, making a deal unlikely during Prime Minister Narendra Modi's second term ending next year, Indian sources said. Besides tariffs, Britain is also pushing India to agree on strong investment-protection provisions either as part of the deal …

India, Australia agree for early conclusion of talks to expand trade pact; eye $100-billion trade
1 year, 9 months ago

India, Australia agree for early conclusion of talks to expand trade pact; eye $100-billion trade

The Hindu  

India and Australia on Saturday expressed their commitment for concluding the negotiations for expanding the scope of existing free trade agreement by the end of this year with an aim to push the bilateral trade to $100 billion. After the first India-Australia summit talks here on March 10 on a range of key issues, PM Albanese has said that both …

India, Australia vow to expand FTA scope with an aim to push bilateral trade to USD 100 billion | DETAILS
1 year, 9 months ago

India, Australia vow to expand FTA scope with an aim to push bilateral trade to USD 100 billion | DETAILS

India TV News  

India-Australia ties: In the latest development, India and Australia reaffirmed their resolve to wrap up talks to expand the existing Free Trade Agreement by the end of the year with an aim to increase bilateral trade to USD 100 billion. He also said that "we are very very dissatisfied" with the USD 30-billion bilateral trade and the officials of India …

Trade pact unlocked enormous potential, says Australian PM
1 year, 9 months ago

Trade pact unlocked enormous potential, says Australian PM

The Hindu  

Visiting Australian Prime Minister Anthony Albanese in Mumbai on Thursday said the India-Australia Economic Cooperation & Trade Agreement, which recently came into force, has unlocked enormous potential in the relationship between the two countries. “It gives Australian businesses far greater access to the mighty Indian economy, a market of some 1.4 billion people and one of the world’s fastest growing …

India, Australia aim to boost economic, defence ties at first summit of PMs
1 year, 9 months ago

India, Australia aim to boost economic, defence ties at first summit of PMs

The Hindu  

Australia’s Prime Minister Anthony Albanese arrives in India on Wednesday seeking to strengthen the new momentum in ties between the two countries through deeper trade, investment and defence relations. The three-day visit by PM Albanese, the first by an Australian Prime Minister since 2017, comes days ahead of a visit by Japanese PM Fumio Kishida, another member of the so-called …

India-Australia major trade pact comes into effect
1 year, 11 months ago

India-Australia major trade pact comes into effect

Hindustan Times  

Commerce minister Piyush Goyal on Thursday formally operationalised the second major free trade agreement in 2022 – the India-Australia Economic and Cooperation Trade Agreement – by issuing preferential certificates of origin to some export consignments related to textiles, jewellery and pharmaceutical sectors in Mumbai. Piyush Goyal formally operationalised the India-Australia Economic and Cooperation Trade Agreement “All these products will attract …

Improving two-way trade: Australian PM Anthony Albanese to visit India in March 2023
1 year, 11 months ago

Improving two-way trade: Australian PM Anthony Albanese to visit India in March 2023

Firstpost  

Albanese issued the statement on Twitter as the Australia-India Economic Cooperation and Trade Agreement came into force. It stated that ECTA underscored the government’s commitment to delivering opportunities to diversify trade that are “commercially meaningful” for businesses of Australia Australian PM Anthony Albanese will be visiting India in March 2023. At the invitation of @narendramodi I will visit India in …

India-Australia free trade agreement to come into force from December 29
2 years ago

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

The Hindu  

The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to $45-50 billion in around five years. "The Albanese government welcomes confirmation today that the Indian Government has completed its domestic requirements to enable implementation of the Australia-India Economic Cooperation and Trade Agreement," Australian …

India, Australia free trade agreement to come into force from December 29
2 years ago

India, Australia free trade agreement to come into force from December 29

India TV News  

The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years. "The Albanese government welcomes confirmation today that the Indian Government has completed its domestic requirements to enable implementation of the Australia-India Economic Cooperation and Trade Agreement," …

Opening stance: The Hindu Editorial on the Australian parliament ratification of trade pact with India
2 years, 1 month ago

Opening stance: The Hindu Editorial on the Australian parliament ratification of trade pact with India

The Hindu  

In what would be India’s first major free trade deal with a developed economy in over a decade, the first phase of a pact sealed with Australia in April this year is likely to be operationalised soon, paving easier market access for Indian services and goods. While the two countries are already part of recently formed global cliques such as …

West Australian crayfish bound for high-end Indian hotels after trade agreement
2 years, 1 month ago

West Australian crayfish bound for high-end Indian hotels after trade agreement

ABC  

Live western rock lobster will soon be exported to India following successful negotiations between a West Australian company and an Indian distribution company. Key points: Legislation implementing the Australia-India Economic Cooperation and Trade Agreement passed through parliament this week It opens trade doors, such as the negotiated agreement to send WA lobster to Indian hotels Once the agreement is enacted, …

DC Edit | A win-win deal for India, Australia
2 years, 1 month ago

DC Edit | A win-win deal for India, Australia

Deccan Chronicle  

The Australian Parliament on Tuesday approved the free trade agreement with India, capping over a decade-long negotiations between two countries. This is the second free trade deal that India clinched in two years after it signed such an agreement with the United Arab Emirates. Unlike other deals in the pipeline, the free trade deal with Australia is expected to become …

India-Australia FTA: A Great Deal Has Been Achieved, Says NITI Aayog's Vice-Chairman
2 years, 1 month ago

India-Australia FTA: A Great Deal Has Been Achieved, Says NITI Aayog's Vice-Chairman

ABP News  

After the Australian Parliament passed a bilateral free trade agreement with India on Tuesday, Vice-chairman of NITI Aayog Suman Bery on Wednesday hailed the agreement between the two countries. According to a tweet by news agency ANI, Bery on the India Australia Trade deal said, “A great deal has been achieved between India and Australia both in the terms of …

Trade pact a step closer as Australia parliament gives nod to India deal
2 years, 1 month ago

Trade pact a step closer as Australia parliament gives nod to India deal

Hindustan Times  

The India-Australia trade agreement is expected to be operational by early 2023 as both sides are expeditiously completing formalities – while New Delhi has sent the pact for Presidential assent, Australian Prime Minister Anthony Albanese on Tuesday tweeted that it has “passed though” Australian parliament. The passage of legislation demonstrates Australia’s commitment to free trade and the rules-based trading system, …

Australian parliament okays interim trade pact with India
2 years, 1 month ago

Australian parliament okays interim trade pact with India

Live Mint  

NEW DELHI: The Australian parliament on Tuesday ratified the interim India-Australia Economic Cooperation and Trade Agreement, marking a major milestone in India’s efforts to boost global trade. “For the first time, we have got visas for Indian chefs and yoga instructors, and we have also got a commitment that students who go from India to study in Australia get an …

Ind-Aus trade agreement will benefit IT, textile, pharma industries, says Piyush Goyal | 5 points
2 years, 1 month ago

Ind-Aus trade agreement will benefit IT, textile, pharma industries, says Piyush Goyal | 5 points

Hindustan Times  

After India-Australia landed a trade agreement Tuesday, Union minister Piyush Goyal, calling it a “landmark” moment for both nations, reflected on its implications at a press conference. Goyal highlighted the areas that would benefit from the deal as he underlined it being India’s first agreement of “such a kind with a developed country after a decade.” Commerce minister Piyush Goyal …

Economic Cooperation and Trade Agreement with Australia will significantly open up opportunities for Indian businesses: Piyush Goyal
2 years, 1 month ago

Economic Cooperation and Trade Agreement with Australia will significantly open up opportunities for Indian businesses: Piyush Goyal

The Hindu  

NEW DELHI The trade pact with Australia that was ratified by the Australian Parliament on November 22 will “significantly open up opportunities” for many Indian business sectors, said Commerce and Industry Minister Piyush Goyal on Tuesday. Speaking at a press conference, Mr. Goyal welcomed the bipartisan support extended by Australia to the Economic Cooperation and Trade Agreement that was signed …

Australian PM Albanese announces free trade agreement with India
2 years, 1 month ago

Australian PM Albanese announces free trade agreement with India

Live Mint  

Australian Parliament has passed the country's Free trade Agreement with India today, Tuesday, announced Prime Minister Anthony Albanese on his official Twitter handle. Once implemented, the trade agreement will provide duty-free access to the Australian market for over 6,000 broad sectors of India, including textiles, leather, furniture, jewellery and machinery, PTI reported. Addressing the presser on Wednesday, Albanese said, “I …

Australia ratifies free trade deals with India and Britain
2 years, 1 month ago

Australia ratifies free trade deals with India and Britain

Associated Press  

CANBERRA, Australia — Australia’s Parliament passed bilateral free trade agreements with India and Britain on Tuesday, leaving those partner nations to bring the deals into force. The deals are crucial for Australia to diversify its exports from the troubled Chinese market to India and to Britain’s need to forge new bilateral trade relations since it left the European Union. Farrell …

Australia ratifies free trade deals with India and Britain
2 years, 1 month ago

Australia ratifies free trade deals with India and Britain

The Hindu  

Australia’s Parliament passed bilateral free trade agreements with India and Britain on Tuesday, November 22, 2022, leaving those partner nations to bring the deals into force. The deals are crucial for Australia to diversify its exports from the troubled Chinese market to India and to Britain’s need to forge new bilateral trade relations since it left the European Union. ‘Ties …

Australia-India trade pact is set for quick ratification, says Australian Minister
2 years, 1 month ago

Australia-India trade pact is set for quick ratification, says Australian Minister

The Hindu  

A key legislative committee in the Australian Parliament has endorsed the India-Australia trade pact which will send a powerful “signal” to businesses on both sides, Australia’s Assistant Minister for Foreign Affairs Tim Watts said here on Saturday. It’s going to put the spotlight on trade between Australia and India.” The Minister who once visited India during his younger years just …

Historic trade deal: How Australia-India ‘ECTA’ is a global model
2 years, 4 months ago

Historic trade deal: How Australia-India ‘ECTA’ is a global model

Firstpost  

Recent reports suggest that the Business Council of Canada has urged the government of the north American nation to try and seal a trade deal with India on the lines of the Australia-India Economic Cooperation and Trade Agreement. The Canada business body has argued in a report that ECTA represents a great example of building business ties with India, currently …

India and Australia's Historic Trade Deal is a Win-Win for Both and a Bigger Win For the Quad
2 years, 8 months ago

India and Australia's Historic Trade Deal is a Win-Win for Both and a Bigger Win For the Quad

News 18  

Two of the largest middle power democratic nations of the Southern hemisphere, Australia and India, will start navigating more ways across the vast Indian Ocean Region, creating synergies not witnessed before, opening significant opportunities. Minister Goyal started his Australian visit after signing ECTA, by addressing the apex, pre-eminent Australia India Chamber of Commerce at the historical MCG venue on 6 …

Oz PM Scott Morrison cooks 'khichdi' to celebrate India-Australia trade deal
2 years, 8 months ago

Oz PM Scott Morrison cooks 'khichdi' to celebrate India-Australia trade deal

Firstpost  

On 2 April, India and Australia signed an economic cooperation and trade agreement under which Canberra would provide duty free access in its market for over 95 per cent of Indian goods Canberra: To celebrate the new trade deal with India, Australian prime minister Scott Morrison on Saturday took to Instagram to post a picture showing him preparing khichdi, his …

Explained: What makes India and Australia's free-trade deal, 11 years in the making, historic
2 years, 8 months ago

Explained: What makes India and Australia's free-trade deal, 11 years in the making, historic

Firstpost  

The Australia-India Economic Cooperation and Trade Agreement will offer zero duty access to India for about 96.4 per cent of exports, among other benefits. Both governments opine that this deal will boost bilateral trade to $45-50 billion over five years After 11 years, India and Australia have signed a historic trade deal — the Australia-India Economic Cooperation and Trade Agreement. …

The India-Australia trade agreement
2 years, 8 months ago

The India-Australia trade agreement

The Hindu  

The story so far: On April 2, India and Australia signed an Economic Cooperation and Trade Agreement. The landmark bilateral trade pact is the second trade agreement India has signed this year after inking a similar deal with the United Arab Emirates in February. The Indian side said Australia will provide ‘preferential access’ to “all the labour-intensive sectors” of export …

India’s trade pact with Australia will click: It ticks the right boxes
2 years, 8 months ago

India’s trade pact with Australia will click: It ticks the right boxes

Live Mint  

The India-Australia Economic Cooperation and Trade Agreement, signed on 2 April, is in many aspects a path-breaking trade agreement for both countries. One of the major factors behind this new FTA confidence and support shown by Indian Industry is that the government has identified the right set of countries for such trade and aggressively ensured meaningful market access for Indian …

India, Australia sign trade pact to boost ties, PM Modi says 'watershed moment'
2 years, 8 months ago

India, Australia sign trade pact to boost ties, PM Modi says 'watershed moment'

India Today  

India and Australia on Saturday signed an economic cooperation and trade agreement under which Canberra would provide duty-free access in its market for over 95 per cent of Indian goods such as textiles, leather, jewellery and sports products. The India-Australia Economic Cooperation and Trade Agreement was inked by Commerce and Industry Minister Piyush Goyal and Australian Minister for Trade, Tourism …

India-Australia deal seeks to double bilateral trade in 5 years
2 years, 8 months ago

India-Australia deal seeks to double bilateral trade in 5 years

The Hindu  

India and Australia signed an Economic Co-operation and Trade Agreement on Saturday in the presence of Prime Minister Narendra Modi and his counterpart in Canberra Scott Morrison, with an eye on doubling bilateral trade to $50 billion in five years and ease movement of people, goods and services across borders. The agreement with Australia, which Commerce and Industry Minister Piyush …

India, Australia Sign Landmark Free-Trade Deal, 1 Million Jobs to be Created. Details Here
2 years, 8 months ago

India, Australia Sign Landmark Free-Trade Deal, 1 Million Jobs to be Created. Details Here

News 18  

India and Australia on Saturday inked the India-Australia Economic Cooperation and Trade Agreement in a virtual ceremony attended by Prime Minister Narendra Modi, his Australian counterpart Scott Morrison, commerce minister Piyush Goyal and his counterpart Dan Tehan. @DanTehanWannon @PiyushGoyal #dosti pic.twitter.com/KktgqAm9ZN— Barry O’Farrell AO April 2, 2022 Speaking on the occasion, Australia Prime Minister Scott Morrison said that the trade …

India, Australia to Sign Trade Pact Today, Move to Benefit Thousands of Indian Exporters
2 years, 8 months ago

India, Australia to Sign Trade Pact Today, Move to Benefit Thousands of Indian Exporters

News 18  

India and Australia are set to sign an interim trade deal on Saturday whereby exporters of the former from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately. “The IndAus ECTA, encompassing trade in goods and services, is a balanced and equitable trade agreement, which will further cement …

Australia, India sign trade deal in virtual ceremony
2 years, 8 months ago

Australia, India sign trade deal in virtual ceremony

Al Jazeera  

The Australian prime minister says the deal represents ‘one of the biggest economic doors there is to open in the world today’. The Australia-India Economic Cooperation and Trade Agreement was signed in a virtual ceremony by Trade Minister Dan Tehan and India’s Minister of Commerce & Industry, Piyush Goyal, on Saturday. Speaking to reporters in Tasmania, Morrison said the agreement …

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access
2 years, 8 months ago

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access

The Hindu  

Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately after the interim trade agreement between the two countries comes into force, according to government sources. Australia is offering zero duty access to India on about 96.4% value of exports from day one and this covers …

India-Australia to Reach Long-pending Landmark Trade Deal by End 2022
3 years, 2 months ago

India-Australia to Reach Long-pending Landmark Trade Deal by End 2022

News 18  

Australia and India hope to reach a long-pending landmark trade deal by the end of 2022, according to a joint statement released on Friday announcing the formal relaunch of stalled negotiations. Following trade ministers’ talks in New Delhi, the two countries backed the “expeditious negotiation” of a Comprehensive Economic Cooperation Agreement. The two sides hope for a “balanced trade agreement …

Australia flags democracies’ trade swing from China to India
3 years, 4 months ago

Australia flags democracies’ trade swing from China to India

Associated Press  

CANBERRA, Australia — Australian special envoy and former Prime Minister Tony Abbott said a free trade agreement between his nation and India would signal the “democratic world’s tilt away from China.” Abbott visited New Delhi last week as Australia’s special trade envoy for India as the Australian government gives priority to sealing a bilateral trade deal. In an opinion piece …

India And Australia Increase Farm Trade, Despite China’s High Tariffs
3 years, 6 months ago

India And Australia Increase Farm Trade, Despite China’s High Tariffs

ABP News  

New Delhi: India and Australia are strengthening trade ties by allowing greater access to each other's markets and technologies, as the two countries – which have had disagreements in the past – appear to be getting closer in the face of Australia's escalating trade disruptions with China. According to India's farm ministry, agriculture minister Narendra Singh Tomar and his Australian …

India in Talks with Australia for Bilateral Free Trade Pact, Says Jaishankar
4 years ago

India in Talks with Australia for Bilateral Free Trade Pact, Says Jaishankar

News 18  

India and Australia are in discussions for a bilateral free trade agreement, Indian Foreign Minister Subrahmanyam Jaishankar said on Wednesday, following New Delhi's decision to walk out of a China-backed trade bloc. "There is a discussion on a free trade agreement, a bilateral free trade agreement as well because, as you know, we didn't sign the RCEP," Jaishankar said in …

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