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Australia Will Sign A Trade Deal With India On Sunday To Eliminate Tariffs

Australia Will Sign A Trade Deal With India On Sunday To Eliminate Tariffs

NDTV
Friday, April 01, 2022 12:28:48 PM UTC

Australia will sign a trade agreement with India on Saturday that will eliminate tariffs on 85 per cent of Australian goods entering India.

Australia will sign a trade agreement with India on Saturday that will eliminate tariffs on 85 per cent of Australian goods entering India, helping farmers and miners to diversify export markets, Prime Minister Scott Morrison said.

The Australia-India Economic Cooperation and Trade Agreement will be signed on Saturday in a virtual ceremony by Trade Minister Dan Tehan and India's Minister of Commerce & Industry, Piyush Goyal, Australia said in a statement in Friday night.

Morrison and India's Prime Minister Narendra Modi will witness the signing of the interim agreement, and both countries would continue to work towards a full free trade deal.

Morrison is expected to call a national election within days, and wanted to secure the trade deal with India, a decade after negotiations between the two countries began, before the election campaign.

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