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.

Published on: Nov 22, 2022, 11:43:47 IST

By Mallika Soni

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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.

India-Australia Free Trade Agreement: Prime Minister Narendra Modi in a bilateral meeting with the Prime Minister of Australia Anthony Albanese at G20. (ANI)

The bills easily passed the House of Representatives on Monday and the Senate made them law on Tuesday.

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

“Closer economic ties with India are a critical component of the government’s trade diversification strategy,” Don Farrell said.

Earlier, Australia prime minister Anthony Albanese had discussed the deal with PM Narendra Modi last week on the sidelines of the Group of 20 summit in Indonesia. Albanese had then said that he would visit India in March to advance the deal that was signed in April.

ABOUT THE AUTHOR
Mallika Soni
When not reading, this ex-literature student can be found searching for an answer to the question, "What is the purpose of journalism in society?"

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