India may get access to $10-billion Australian government tenders

04-Apr-2022
India may get access to $10-billion Australian government tenders

Indian and Australian companies may be able to bid in each other's central government tenders as the bilateral Economic Cooperation and Trade Agreement (ECTA) provides for negotiations, in a chapter on government procurement, to begin in the next 75 days. Officials said India is likely to get access to about $10 billion worth of Australia's official procurement, pegged at $60-65 billion annually.

According to the trade pact signed on Friday, a chapter on digital trade will also be negotiated soon. The commerce and industry ministry will begin talks with other ministries on the issue, said officials. "Within 75 days after the date of signature of this agreement, the negotiation subcommittee shall commence negotiations on amendments to this agreement," said the ECTA.

Source : economictimes.indiatimes.com

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