India and Australia Sign Interim Free Trade Agreement, Full Deal by Year End

EGA India have delved into the nuances of the ECTA, its salient features, the benefits accrued by India and Australia as well as the sensitive sectors that were kept out of the deal. This report focuses on the trade relationship shared by the two nations and the geopolitical and economic considerations that have been at the center of the India and Australia partnership. The two countries are already collaborating as part of the significant Quad alliance. The ECTA and the ensuing Comprehensive Economic Cooperation Agreement (CECA) will be a potential gamechanger since it will not only create further business opportunities in both countries but also diversify market opportunities and may decrease reliance on certain regional trading partners. Moreover, India’s FTA with Australia will further increase investor interest and boost India’s position in global supply chains.

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