INDIA, OZ TO INK FREE TRADE PACT BY 2022

NEW DELHI: India and Australia will sign a comprehensive Free Trade agreement by the end of 2022 and an early harvest trade deal by Christmas later this year. “We (Indian and Australia) have agreed to make sure that we will conclude the Free Trade Agreement between Australia and India by the end of 2022 and an early harvest trade deal by Christmas this year,” Dan Tehan, Australian Minister for Trade, Tourism and Investment said on Thursday. “Before the final Free Trade Agreement, India and Australia will come with an Interim agreement by December 2021. It will be in compliance with WTO rules. We have started discussing issues of logistics, country of origin etc. We will exchange offers on the trade deal by the end of October,” he said further. The announcement was made at a joint media briefing with Commerce and Industry Minister Piyush Goyal and the Australian Minister.

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