Commerce minister Piyush Goyal hails free trade pact with Australia, says ‘it reflects strong bond’

The India-Australia Economic Cooperation and Trade Agreement (ECTA) is significant as it is the first Free Trade Agreement that New Delhi has inked with a developed country after a decade. Also, for the first time in Australia’s history, they are giving 100 per cent tariff lines, with most lines on Entry Into Force and 113 lines within a period of 5 years, said Commerce and Industry Minister Piyush Goyal on the ECTA on Tuesday.

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