Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
India, Australia discuss early closure of trade deal signed 7 months ago.
Nov 02, 2022
The free trade agreement that was signed by India and Australia earlier this year is expected to be implemented soon, an official statement released by the commerce and industry ministry said.
While both nations had signed an interim free trade deal—Economic Cooperation and Trade Agreement (ECTA) in April, the ratification of the deal in the Australias Parliament remains pending amid the procedural delays caused by the formation of a new government in Australia.
Commerce and industry minister Piyush Goyal and Don Farrell, Minister of Trade and Tourism of Australia on Tuesday virtually discussed the trade pact–IndAus ECTA--that was signed seven months ago. The ministers noted that an early implementation of the trade pact is in the best interest of both the countries.
During the meeting, Farrell informed that the IndAus ECTA as well as the amendments to the domestic regulation of Australia for resolving the issues related to Double Taxation Avoidance Agreement (DTAA) had been introduced in the Australia Parliament.
The trade agreement is likely to be ratified ‘shortly’ after a joint standing committee on the treaty submits its report to the Australian Parliament. He also said that the processes related to the ratification of the agreement will be completed in the following weeks.
The Parliament session after the formation of the new government in Australia started in July. The deal can be ratified after they get an approval from the Parliamentary committee.
Both nations also agreed to hold the annual Joint Ministerial Commission (JMC) meeting sometime early next year. In the meantime, experts from both sides will have their first round of discussions, which will lay a roadmap for the JMC meeting.
'Delegations noted that both nations share a special partnership based on mutual values of pluralistic parliamentary democracies, expanding economic strategic engagement and long-standing people to people ties. Meeting concluded with both the parties acknowledging the need to redefine their economic relations exploring the opportunities offered in trade and investment,' an official statement said.
Under the interim trade deal, Canberaa will provide duty-free access in its market for over 6,000 sectors of India and help in taking bilateral trade to $50 billion in next five years. The deal will also offer relief to Indian IT companies operating in Australia, as Canberra has agreed to amend its domestic laws to stop taxing offshore income of such companies, as part of ECTA.
business-standard.com
Archive