• About   |
  • Submit Guest Post |
  • Contact Us
No Result
View All Result
The Second Angle (TSA Magazine)
Advertise
  • Infotainment
    • Sports
    • People
    • Inspiring
  • Entertainment
    • Lifestyle
    • Home & Decoration
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
The Second Angle
No Result
View All Result
  • Infotainment
  • Entertainment
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
Advertisement
ADVERTISEMENT
Lexitoto
Slot Demo
RTP SLOT
Lexitoto
Aplikasi Lexitoto
RTP Lexitoto
RTP IDN Slot
RTP PG Soft
RTP Habanero
RTP Microgaming
RTP TopTrend Gaming
RTP GMW
RTP Nolimit City
RTP Booster
Slot Demo Bambu4d
Slot Demo PG Soft
Slot Demo Habanero
Situ Togel Online
Situs Togel Amanah
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Prediksi Togel Lexitoto
Slot Demo PG Soft
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Tips dan Trik Slot Gacor
Prediksi Togel Lexitoto
Lexitoto
Vietnam Lottery
Syair HK
Octagon Lottery
Bandar Situs Togel
Situs Slot Gacor
Bocoran Slot Gacor
Lexitoto
Togel Toto Macau
Situs Togel Macau
Prediksi Macau
Bambu4d
Prediksi Togel Bambu4d
Slot Gacor Bet Kecil
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Situs Togel Online
Aplikasi Bambu4d
Aplikasi RTP Slot
Aplikasi RTP Booster
Aplikasi Slot Demo
Aplikasi Prediksi Togel
RTP Bambu4d
RTP IDN Slot
RTP PG Soft
RTP Habanero
RTP Microgaming
RTP TopTrend Gaming
RTP GMW
RTP Nolimit City
RTP Playstar
RTP Booster
Slot Demo Bambu4d
Slot Demo PG Soft
Slot Demo Habanero
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Prediksi Togel Bambu4d
Bambu4d
Toto Macau
Live Draw HK
Live Draw SDY
Toto Macau
Bandar Togel
https://bluewaveslogistics.com/
Prediksi Syair Taiwan
Situs Toto
Slot Gacor
RTP Slot Gacor
Prediksi Syair HK
Prediksi Syair HK
Prediksi SGP
Prediksi SGP
Prediksi Syair Cambodia
Prediksi Cambodia
Prediksi Cambodia
Prediksi Syair China
Prediksi Syair China
Prediksi Syair SDY
Prediksi PCSO
Syair SDY
SYAIR HK
Situs Togel
Paito SGP
Paito HK
Paito SDY
Prediksi Macau
Live Draw Cambodia
Prediksi Jepang
Situs Togel
Slot Thailand
Live Draw Cambodia
Live SGP
lexitoto
Live Macau
RTP SLOT
hinterlaces.com RTP Slot
Rtp Slot
situs toto
lexitoto
slot deposit pulsa
lexitoto
Data Pengeluaran HK
Prediksi Cambodia
Toto Slot
PREDIKSI SDY
Live Draw HK
Prediksi Macau
Prediksi Cambodia
SYAIR SDY
Prediksi Macau
Slot Pulsa
Prediksi Cambodia
Lexitoto
SYAIR SGP
Toto Slot
Prediksi HK
Situs Slot Gacor
SYAIR MACAU
RTP SLOT HARI INI
Slot Pulsa
Slot Thailand
Prediksi Cambodia
Home News

India-Australia free trade agreement to come into force from December 29

TSA Desk by TSA Desk
November 30, 2022
in News
Reading Time: 4 mins read
India-Australia free trade agreement to come into force from December 29
Share on FacebookShare on WhatsApp
Advertisement Advertisement Advertisement
ADVERTISEMENT

RelatedPosts

This Diwali, RVCJ & Honda, in Association with Chinese Wok, Unveil 'WRONG NUMBER REBOOT' – A Perfect Blend of Love, Laughter, & Entertainment

This Diwali, RVCJ & Honda, in Association with Chinese Wok, Unveil ‘WRONG NUMBER REBOOT’ – A Perfect Blend of Love, Laughter, & Entertainment

Polish Man Sentenced To Four Months, Deported From Denmark For June Assault On Danish Prime Minister

Polish Man Sentenced To Four Months, Deported From Denmark For June Assault On Danish Prime Minister

[ad_1]

India and Australia flag together. The free trade agreement between the two countries will come into force from December 29.

India and Australia flag together. The free trade agreement between the two countries will come into force from December 29.
| Photo Credit: Getty Images

The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to $45-50 billion in around five years.

“The (Anthony) Albanese government welcomes confirmation today that the Indian Government has completed its domestic requirements to enable implementation of the Australia-India Economic Cooperation and Trade Agreement (ECTA),” Australian Minister for Trade and Tourism Don Farrell said in a statement on Wednesday.

“This trade agreement will deliver new market access opportunities for Australian businesses and consumers from 29 December 2022,” it said.

Commerce and industry minister Piyush Goyal said the implementation of the free trade pact “is the dawn of a whole new era”.

“India & Australia consolidate their long-standing partnership. Economic Cooperation & Trade Agreement, realised under the guidance of leaders on both countries, comes into effect from December 29, 2022. It is the dawn of a whole new era for our businesses & people,” Mr. Goyal said in a tweet.

The agreement, which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery in the Australian market.

Labour-intensive sectors which would gain immensely include textiles and apparel, few agricultural and fish products, leather, footwear, furniture, sports goods, jewellery, machinery, and electrical goods.

Under the pact, Australia is offering zero-duty access to India for about 96.4% of exports (by value) from day one. This covers many products that currently attract 4-5% customs duty in Australia.

India’s goods exports to Australia stood at $8.3 billion and imports from the country aggregated to $16.75 billion in 2021-22.

The statement said that from 29 December, tariffs on 85% of Australia’s exports to India will be eliminated and high tariffs on a further 5% of goods will be phased down.

“Entry into force of the agreement before the New Year delivers a double bonus of two tariff cuts in quick succession: one as the agreement comes into effect and a second on 1 January 2023,” it said.

It added that ECTA will save Australian exporters around $2 billion a year in tariffs, while consumers and business will save around $500 million in tariffs on imports of finished goods, and inputs to “our manufacturing sector”.

The tariff commitments provided by India in the agreement will open up access for Australia’s exporters of products including critical minerals, pharmaceuticals, cosmetics, lentils, seafood, sheep meat, horticulture and wine, it said.   Further it said that Australian service suppliers will benefit from full or partial access across more than 85 Indian services sectors and subsectors. Australian suppliers across 31 sectors and subsectors will be guaranteed the highest standard of treatment that India grants to any future free trade agreement partner. 

ECTA will also support tourism and workforce needs in regional Australia by making 1,000 work and holiday programme places available to young Indians, it said adding the pact maintains opportunities for Indian students graduating in Australia to undertake post-study work, with a bonus year of stay for high-performing STEM (science, technology, engineering, or mathematics) graduates.

“Australia and India are now progressing a Comprehensive Economic Cooperation Agreement to build on ECTA. The Australian Government is pursuing further opportunities in goods and services, in addition to new commitments in areas such as digital trade, government procurement, and new areas of cooperation,” it said.

Australian Prime Minister Anthony Albanese said that the agreement is the next step in elevating our relationship with India, the world’s fastest growing large economy.

Minister for Trade and Tourism Don Farrell said that the ECTA’s two tariff cuts in quick succession intensify the up-front benefits of this agreement for exporters.

“Businesses are encouraged to get on the front foot and prepare themselves now to take advantage of the substantial improvements in market access to India under the new agreement. Austrade can assist existing and potential exporters benefit from the lowering of trade barriers into the Indian market,” he said.

[ad_2]

ShareSendTweet

Related Posts

This Diwali, RVCJ & Honda, in Association with Chinese Wok, Unveil 'WRONG NUMBER REBOOT' – A Perfect Blend of Love, Laughter, & Entertainment
News

This Diwali, RVCJ & Honda, in Association with Chinese Wok, Unveil ‘WRONG NUMBER REBOOT’ – A Perfect Blend of Love, Laughter, & Entertainment

This Diwali, RVCJ is back with a bang! RVCJ & Honda in association with Chinese Wok, is excited to announce...

Read moreDetails
Polish Man Sentenced To Four Months, Deported From Denmark For June Assault On Danish Prime Minister
News

Polish Man Sentenced To Four Months, Deported From Denmark For June Assault On Danish Prime Minister

A Polish man on Wednesday was sentenced to four months in jail for assault on Danish Prime Minister as well...

Read moreDetails
Egypt Asks Its Airlines To Avoid Iranian Airspace For Three Hours On Thursday
News

Egypt Asks Its Airlines To Avoid Iranian Airspace For Three Hours On Thursday

Egypt instructed all of its airlines to avoid Iranian airspace for three hours in the early morning on Thursday amid...

Read moreDetails
2 Dead, 2 Trapped In Wreckage After Partial Collapse Of A Hotel On Mosel River, Germany
News

2 Dead, 2 Trapped In Wreckage After Partial Collapse Of A Hotel On Mosel River, Germany

Two people have been confirmed dead following the partial collapse of a hotel on Mosel River. The incident occurred in...

Read moreDetails
Nobel Laureate Tapped To Lead Bangladesh After Embattled PM's Ouster
News

Nobel Laureate Tapped To Lead Bangladesh After Embattled PM’s Ouster

Nobel laureate Muhammad Yunus has been selected as the temporary head of the Bangladeshi government following longtime Prime Minister Sheikh...

Read moreDetails
The Atomic Bomb Was Created Under A Secret Government Project, And Was Soon After Dropped On A Japanese City To End WWII
News

The Atomic Bomb Was Created Under A Secret Government Project, And Was Soon After Dropped On A Japanese City To End WWII

The atomic bombs instantly took thousands of lives and thousands more in the aftermath of radiation and injury.

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest

5 Best Places For Skydiving Around The World

5 Best Places For Skydiving Around The World

Some Views On Knives Out That Highlight Why It Is One Of The Greatest Murder Mysteries Of All Time

Some Views On Knives Out That Highlight Why It Is One Of The Greatest Murder Mysteries Of All Time

Fusion Of Cultures And Traditions: 10 Best Festivals Of Bali

Fusion Of Cultures And Traditions: 10 Best Festivals Of Bali

ADVERTISEMENT

About

The Second Angle

The Second Angle (TSA) Magazine covers a broad spectrum of topics including Entertainment, Lifestyle, education, Crypto, iGaming, Technology, fashion, beauty, relationships, celebrities, wellness, travel, and food. It also features user-generated content in the form of tips, guest post, forums, polls, contests and other interactive articles.

Important Links

  • About
  • Guest Post
  • Privacy Policy
  • Terms
  • Contact Us
  • Newsletter
ADVERTISEMENT

© 2017-23. The Second Angle. All Rights Reserved. Developed and Managed by SquareBase.io

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Infotainment
    • Sports
    • People
    • Inspiring
  • Entertainment
    • Lifestyle
    • Home & Decoration
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology

© 2017-23. The Second Angle. All Rights Reserved. Developed and Managed by SquareBase.io

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.