December 19, 2024

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Australian PM Albanese shares this update on free trade deal with India

India-Australia Free Trade Agreement: The bills easily passed the House of Representatives on Monday and the Senate made them law on Tuesday.

Australia’s parliament passed bilateral free trade agreements with India on Tuesday, the country’s prime minister said in a tweet. The trade agreement is crucial for Australia to diversify its exports from the Chinese market to India and forge bilateral relations.

Australia trade minister Don Farrell said India had demonstrated its commitment to the bilateral economic partnership through the quality of the deal struck.

Earlier, Australia prime minister Anthony Albanese has discussed the deal with PM Narendra Modi last week on the sidelines of the Group of 20 summits in Indonesia.

“Our Free Trade Agreement with India has passed through parliament,” tweets Australian PM Anthony Albanese.