The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) signed on April 2 this year will come into force on 29 December, minister of state in the ministry of commerce and industry Anupriya Patel told parliament recently. Indian exports will gain from preferential zero duty market access in Australia for cent per cent of its tariff lines.India’s labour-intensive sectors, including textiles, leather, footwear and furniture, will benefit from this, an official release said.
India has provided preferential access to Australia on over 70 per cent of its tariff lines, primarily raw materials and intermediaries like coal and mineral ore. Australia has also provided additional market access.
The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) signed on April 2 this year will come into force on 29 December, minister of state in the ministry of commerce and industry Anupriya Patel told parliament recently. Indian exports will gain from preferential zero duty market access in Australia for cent per cent of its tariff lines.
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