The free trade agreement (FTA) between India and Australia will come into effect from December 29, an Indian government official said on Friday, December 2.
The Australian Parliament last week ratified the agreement signed between the two countries on April 2 this year.
The official said that the India-Australia FTA will enable a doubling of bilateral trade between the two countries to $45-50 billion over a period of five years.
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.
14 May | Steel News