India-Australia interim trade deal could be concluded this week

  • 31-Mar-2022
  • India-Australia interim trade deal could be concluded this week

Talks between India and Australia on an interim trade deal are at an advanced stage and could be concluded this week, according to people in the know.

An agreement could potentially bolster India’s economic forays in the Indo-Pacific region through wider market access.

Last year in October, the two countries had set the target of concluding the interim trade deal by December 2021 and to conclude talks on a comprehensive economic cooperation agreement (CECA) by the end of 2022. However, the early ‘harvest deal’ was held up due to apprehensions on the Indian side regarding opening up of the country’s agriculture and dairy sectors.

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