India-Australia Free Trade Deal Offers Australia First Mover Advantage in the World’s Fastest Growing Economy

AI ECTA is India’s first deal with a developed economy in a decade and only a second trade deal in a span of eleven years. It is indicative of how Australia’s bilateral relationship with India has grown in leaps and bounds recently, particularly since the elevation of ties to a Comprehensive Strategic Partnership (CSP) in 2020. The signing of the reasonably comprehensive interim trade deal, the Australia India Economic Cooperation and Trade Agreement (AI ECTA ), promises to push bilateral trade from the current $27.5 billion to $45 billion in the next five years, and on to $130 billion by 2030.

Click here to read the full article!