These approvals, commerce and industry minister Piyush Goyal said, is "very much doable" quickly. Goyal added that after then there will be harmonisation of codes and customs regime so that "we can enter into force at an early date". The deal is fair and good for India, he said.
The India-Australia Economic Cooperation and Trade Agreement (AI-ECTA) needed ratification by the Australian parliament before its implementation. In India, such pacts are approved by the Union Cabinet. The agreement was signed between the two countries in April this year.
THE AUSTRALIAN PARLIAMENT on Tuesday approved the free trade agreement inked with India in April, paving the way for the rollout of the pact on a mutually agreed date -- a move which would help in almost doubling the two-way commerce to $45-50 billion in about five years.
This story is from the November 23, 2022 edition of Financial Express Mumbai.
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This story is from the November 23, 2022 edition of Financial Express Mumbai.
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