페이지 정보작성자 까마 (121.♡.87.158) 댓글 0건 조회 105회 작성일 22-11-19 12:33
[INDIAN ECONOMIC NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIAN economic news to share with you which is as mentioned
Taking a step towards implementation of the India-Australia free trade pact, Canberra's Joint
Standing Committee on Treaties Friday recommended ratification of the Economic
Cooperation and Trade Agreement (ECTA) with New Delhi to its government.
The India-Australia Economic Cooperation and Trade Agreement (AI-ECTA) needs ratification
by the Australian parliament before its implementation. In India, such pacts are approved by
the Union Cabinet.
''The Joint Standing Committee on Treaties has recommended the Australian Government
ratifies the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA),''
according to a release of the Australian Parliament issued on Friday.
Committee Chair Josh Wilson MP said that this 'early harvest' agreement with India paves
the way for further trade, market access, investment and regulation that requires global
The pact also ensures that Australia will not be excluded from improved trade and market
access which may arise from agreements India subsequently negotiates with other nations,
''As an interim agreement, however, the AI-ECTA is not as comprehensive in its scope and
coverage as other trade agreements and under-achieves in areas of potential and immediate
interest to Australia such as, wine, he added.
As Australia moves towards a Comprehensive Economic Cooperation Agreement, the
Committee has noted the importance of improved tariff reductions, greater access to
services, and on broader matters like intellectual property, cultural heritage, the
environment, and labour rights, Wilson said.
The Committee, it said, however, has expressed concerns regarding the extent and quality
of consultation, transparency of negotiations, and lack of independent modelling and
analysis of trade agreements.
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