India & Australia inked an economic cooperation and trade agreement (ECTA)
India & Australia inked an economic cooperation and trade agreement, under which Canberra will provide duty-free access in its market for over 95 % tariff lines, including textiles, leather, furniture, jewelry, machinery, and select medical devices. This is the first trade agreement that India has signed with a developed economy after more than a decade.
Did you Know
Australia is the 17th largest trading partner of India.