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India's Utilisation Rate of ECTA with Australia increases to 77%

The India-Australia Economic Co-operation and Trade Agreement (ECTA), which took almost ** years to complete and swing into action, is becoming one of the most utilised FTAs by India for merchandise and services export to Australia. The ECTA gives all Indian exports a duty-free entry into the nation. According to latest data, the ECTA has a utilisation rate of ** per cent, which is much higher than the recorded utilisation rate of *-* percent of all the FTAs India has ever signed. This is also the most utilised trade agreement after the India-UAE FTA.

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